Houston's economy is diverse in comparison to Midland.
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I got a huge spike in my property tax bill in 2015. I think just like the previous poster, because of the energy downturn, we will see a correction in 2016 and 2017. Home values will reverse to 2014 prices.
Average 3~5% decline in Houston home prices since summer 2015.....I am expecting 12~15% price correction in overall Houston, Katy, Sugarland etc....given the exuberant price spike in 2013 & 2014.....wait until fall 2016 or spring 2017 for good deals :)
You say you got hosed by a steer and a queer the last time you were in Houston? I'd say you got dicked, but by which you did not elaborate. Best stay away from where you went to. The steers are mostly found west of Houston heading toward San Antonio. The queers are concentrated in the Montrose area of central Houston. All other areas are safe to visit.
I got hosed the last time I went to Houston also. Nothing there but Steers and Queers.
Bend over and crack a smile for the camera.
I wish you good luck in the spring of 2016 getting that perfect home you are looking for. The housing market will be declining even more as the oil industry continues to slow down. Of course, as the industry slows down, unfortunately many will lose their jobs. I hope everyone's fares as well as possible next year.
December is weighing on the housing market too. It'll pop back up in Spring (In Houston).
I've been looking since 2014-So far still more expensive.
"Hosing" for sure. That's what a lot of us are getting. That's, Chevron, for the hosing and the shaft.
Hosing or housing?
Another article on the outlook for the Houston housing market. http://www.calculatedriskblog.com/2015/12/lawler-yes-houston-will-have-problem.html
Same thing happened in here Valdez after the TAPS owner companies moved oil jobs to Anchorage in response to the tanker tax increases. The high end houses of all the moved workers hit and saturated the market and prices went down very quickly. You couldn't find a buyer for any house in any price bracket for many years. Nobody was buying, nobody was remodeling, folks just panicked and locked up tight, afraid the economy and housing market would never recover. They were wrong.
Here is the Link: http://finance.yahoo.com/news/oil-slump-weighing-housing-markets-161127966.html