With all these layoffs and firings in the energy sector, how is the housing market in Houston? I remember the pain of the 1980's bust and things were pretty bad there and in Dallas.
3 replies (most recent on top)
250-400K homes are selling
600-1,000K+ are slow to sell.........
all imho.......... ind results may vary
As far as the housing is going it's not as bad as the 80's. That is because Houston is alot more diversified than they were in the 80's. I see alot of houses for rent, that tells me people have found jobs elsewhere, but they plan to be back someday. I've been out of work for several months, but I have some money saved up so I'm just going to work odd jobs until things pick up.
the housing market is slowing. In 2013 and 2014, it was booming more than I had ever seen it. Sellers were getting more than their asking price. Now I see a lot of foreclosures on the market. That being said, it really depends on the uniqueness of the house being sold, how easily it will sell.