We will discuss the latest Houston housing market trends. Buyers kept the Houston real estate market humming in December, despite persistently low inventory. Homebuyers took advantage of historically low mortgage interest rates throughout 2021. Single-family home sales exceeded the record volume set in 2020 by more than 10%, while total dollar volume increased nearly 32% to a record $47 billion, as reported by HAR.
In 2022, Houston homeowners are boosting sales by resisting higher mortgage rates and a scarcity of available properties. Despite the hurdles faced by low inventory, record-setting pricing, and rising borrowing rates, home sales in Houston continue to move upward. In March 2022, sales of single-family homes increased by 4.1 percent to 9,693. Sales of all property kinds increased by 4.3 percent year on year, totaling 12,149, while total dollar volume increased by 15.7 percent to $4.6 billion.
While housing inventory peaked at 1.8 months supply in August amid continued strong sales and dwindling new listings, the supply gradually began to taper each month after that, ending the year at 1.4 months supply – the second-lowest in 2021. As of March 2022, single-family homes inventory slid to a 1.3-months supply versus 1.8 months last March. It is now just slightly above the lowest level of all time.
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Houston Housing Market Trends 2022
Single-family home prices are on a rapid rise
Buyers, undeterred by rising mortgage rates and a record low supply of homes in Greater Houston, maintained the local real estate market positive in March. While new listings continue to enter the market on a weekly basis, buyer demand has persistently surpassed supply, and numerous offers on properties continue to drive prices into record territory, solidifying Houston's status as a sellers' market, according to the Mar 2022 Market Update from the Houston Association of Realtors (HAR).
Sales of single-family homes grew by 4.1 percent to 9,693 units in March 2021, up from 9,309 in March 2021. Year to far, the market is 10.8% ahead of last year's record pace. The rental market is also robust, as consumers who are unable to purchase a home at the moment decide to lease. Homes priced between $500,000 and $1 million accounted for the majority of sales last month, increasing 36.1 percent year over year.
The segment of houses between $250,000 and $500,000 increased by 24.0 percent. This was followed by a 16.0 percent growth in the luxury sector, which includes residences priced at $1 million and above. After setting a new record in February, buyers drove prices even higher in March. A single-family home's average price increased 11.4 percent to $410,923, while the median price increased 15.5 percent to $335,000. This is the first time in Houston history that the price of a single-family house has exceeded $400,000.
With the exception of active listings (the total number of available properties), all of the monthly measurements showed positive readings. Pending sales rose 3.8 percent. Sales of all property types increased 4.3 percent year-over-year, totaling 12,149, and total dollar volume for March increased 15.7 percent to $4.6 billion.
Months of inventory was flat at a 1.3-months supply, which is just slightly above the lowest level of all time. Over the past year, its highest level reached was a 1.8-months supply in August 2021. A 6.0-months supply is traditionally considered to represent a “balanced market,” in which neither the buyer nor the seller has an advantage.
The HAR's most recent report on the Greater Houston Area Housing Market is available below. It analyses important housing indicators across the Greater Houston region for March 2022.
- Single-family home sales increased 4.1 percent year-over-year;
- Days on Market (DOM) for single-family homes dropped from 46 to 38;
- Total property sales rose 4.3 percent with 12,149 units sold;
- Total dollar volume increased 15.7 percent to $4.6 billion;
- The single-family average price rose 11.4 percent to $410,923, the highest of all time, and the first time that pricing has topped $400,000;
- The single-family median price increased 15.5 percent to $335,000 – also a record;
- Single-family home months of inventory registered a 1.3-months supply, unchanged from one year earlier;
- Townhome/condominium sales rose 8.7 percent with the average price up 5.8 percent to $255,334 and the median price up 10.4 percent to $215,000;
- Single-family home rentals rose 18.3 percent with the average rent up 6.7 percent to $2,075;
- Townhome/condominium leases were unchanged with the average rent up 7.6 percent to $1,852.
- $1 – $99,999: decreased 32.9 percent
- $100,000 – $149,999: decreased 31.3 percent
- $150,000 – $249,999: decreased 36.9 percent
- $250,000 – $499,999: increased 24.0 percent
- $500,000 – $999,999: increased 36.1 percent
- $1M and above: increased 16.0 percent
Houston Real Estate Market Statistics (Previous Year)
2021 was a record-breaking year for the Houston real estate market. As reported by HAR, the second year of a global pandemic, shrinking inventory, building supply, labor shortages that slowed home construction, and rising home prices could not keep the Houston real estate market from setting a record year in 2021. Consumers' demand for housing has never waned, and they have paid more for it as the supply of housing has shrunk. Single-family home sales exceeded the record volume set in 2020 by more than 10%, while total dollar volume increased nearly 32% to a record $47 billion.
Single-family home sales in 2021 increased 10.3 percent to 106,229, according to HAR's December/Full-Year 2021 Housing Market Update. For the year, total property sales totaled 131,041, up 13.3 percent from the record volume set in 2020 and only the third time in history that total property sales exceeded the 100,000 mark. Total dollar volume increased 31.8 percent to a record-setting $47 billion in 2021.
It was impossible to know what 2021 would have in store for Houston real estate, especially as the surges in coronavirus variants began affecting our area, but the need for housing never abated and REALTORS delivered,” said HAR Chair Jennifer Wauhob with Better Homes and Gardens Real Estate Gary Greene. “Limited inventory and shortages of building supplies and labor on the new construction side also posed serious challenges, but the market powered through it all to achieve a record year. As we enter 2022, inventory and affordability are definite concerns.”
According to local agents, nothing stays on the market for long as buyers are buying homes at a fast pace by taking advantage of the record low mortgage rates. Low mortgage rates and a dearth of homes for sale are two key reasons that help explain why the Houston houisng market will be booming in 2022 as well.
Houston Housing Market Forecast 2022 – 2023
Looking at the current statistics, what are the Houston real estate market predictions? Let us examine the price trends recorded by Zillow over the past few years. Houston has a track record of being one of the best long-term real estate investments in the U.S. Since Mar 2012, the Greater Houston home values have appreciated by nearly 99.97% — Zillow Home Value Index.
ZHVI represents the whole housing stock and not just the homes that list or sell in a given month. The typical home value of homes in Greater Houston is currently $287,957. It indicates that 50 percent of all housing stock in the area is worth more than $287,957 and 50 percent is worth less (adjusting for seasonal fluctuations). In Feb 2021, the typical value of homes in Greater Houston was around $239,000. Houston home values have gone up 20% over the last twelve months.
NeighborhoodScout.com's data also shows that Houston real estate appreciated by nearly 75.49% over the last ten years. Its annual appreciation rate has been averaging 5.79%. This figure puts it in the top 30% nationally for real estate appreciation. During the last twelve months, the Houston appreciation rate was nearly 9.51%, and in the latest quarter, the appreciation rate was 4.61%. If it remains steady, it annualizes to a rate of 19.76%.
The forecast by Zillow also points in the same direction — a rise in home values over the next 12-months. This indicates that the prices will continue to rise in 2022. Hence, now is a good time to buy a house in Houston. There exists a limited supply of homes in Houston, and buyers are forced to compete often resulting in higher prices and/or quicker sales that tend to benefit sellers.
In other words, based on the last latest key housing market indicators, the demand is exceeding the supply, giving sellers an advantage over buyers in price negotiations. Houston is a seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Clearly, for the long-term investment, you cannot ignore Houston. Investing in a rental property for the long-term would build your equity and also generate cash flow through rental income. If you want to increase your cash flow in 2022, you will find great deals in the Houston real estate market.
Here is Zillow's home price forecast for Houston, Harris County, and Houston – The Woodlands-Sugar Land. The Zillow Home Value Forecast (ZHVF) is the one-year forecast of the Zillow Home Values Index (ZHVI). ZHVF is created using all homes, mid-tier cut of ZHVI and is available both raw and smoothed and seasonally adjusted.
- Houston-The Woodlands-Sugar Land Metro home values have gone up 20.0% over the past year and the latest forecast is that they will rise 17.3% in the next twelve months.
- Houston home values have gone up 18.3% (current = $251,607) over the past year and will continue to rise at a similar pace due to the tight supply of houisng.
- Harris County home values have gone up 18.9% (current = $264,465) over the past year and will continue to rise over the next twelve months from now.
- The Woodlands home values have gone up 22.7% (current = $482,222) over the past year and will continue to rise over the next twelve months from now.
- Sugar Land home values have gone up 22.1% (current = $411,276) over the past year and will continue to rise over the next twelve months from now.
Here is the graphical representation of how Houston home prices have grown from 2012 and their forecast until Feb 2023.
OUR TAKE ON THE HOUSTON HOUSING MARKET OUTLOOK FOR 2022
Houston has been one of the hottest real estate markets in the country for years. It is also one of the hottest real estate markets for investing in rental properties. The Houston metro area offers great opportunities for investors who are looking for a stable market that offers both cash flow and equity growth at a price that is STILL well below their replacement value. According to many experts, Houston has been in seller mode for several years now and there’s no reason to think that will change in 2022. With a record no. of sales in 2021, the Houston housing market is off to a big start in 2022.
Oil prices have a big impact on Houston's housing market. As oil prices plunge, it could mean a potential slowdown for Houston’s economy. Keeping aside the oil prices, the Houston Real Estate Market forecast for 2022 is still on the positive side. Although the desire to own a home remains strong, the combination of higher home prices and rising mortgage rates was making it increasingly difficult for many first-time buyers to afford one. Houston and the entire metro area market is so hot that it cannot shift to a complete buyer’s real estate market, for the long term.
In a balanced real estate market, it would take about five to six months for the supply to dwindle to zero. In terms of months of supply, Houston can become a buyer’s real estate market if the supply increases to more than five months of inventory. And that’s not going to happen. Therefore, in the long term, the Houston real estate market remains strong and skewed to sellers, due to a persistent imbalance in supply and demand.
Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. While the rapid real estate appreciation Houston witnessed earlier in the decade has slowed, the combination of a strong economy, low unemployment, and a lack of inventory in many market segments continues to push home prices in Houston.
Real estate market forecasts given in this article are just an educated guess and should not be considered financial advice. Real estate prices are deeply cyclical and much of it is dependent on factors you can’t control. Many variables could potentially impact the value of a home in Houston (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. There are also a wide variety of economic and political factors that can and do impact real estate markets. Most of these variables are difficult to predict in advance.
Houston Rental Market Trends 2022
Before the pandemic, the average rent for an apartment in Houston was $1,118, a 2% increase compared to the previous year, according to RENTCafe. The average size for a Houston, TX apartment is 880 square feet with studio apartments being the smallest and most affordable. 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer more generous square footage. 48% of the households in Houston, TX are renter-occupied while 52% are owner-occupied. More than 80% of the apartments in Houston fall in the price range of $500 – $2.8K.
The Zumper Houston Metro Area Report analyzed active listings last month across 4 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Texas one bedroom median rent was $1,099 last month. Spring was the most expensive city with one bedrooms both priced at $1,220 while Conroe saw rent drop 0.9% to $1,120 and rank as third..
The Fastest Growing Cities For Rents in Houston Metro Area (Year-Over-Year)
- Conroe had the fastest growing rent, up 15.5% since this time last year.
- Spring saw rent climb 14%, making it second.
- Houston was third with rent increasing 10%.
The Fastest Growing Cities For Rents in Houston Metro Area (Year-Over-Year)
- Galveston had the largest monthly rental growth rate, up 5.6%.
As of April 28, 2022, the average rent for a 1-bedroom apartment in Houston is currently $1,319. This is a 25% increase compared to the previous year. Over the past month, the average rent for a studio apartment in Houston decreased by -2% to $1,272. The average rent for a 1-bedroom apartment increased by 8% to $1,319, and the average rent for a 2-bedroom apartment increased by 12% to $1,640.
- Two-bedroom apartment rents average $1,640 (a 21% increase from last year).
- Three-bedroom apartment rents average $1,775 (a 3% increase from last year).
- Four-bedroom apartment rents average $1,973 (a 1% decrease from last year).
Some of the most affordable neighborhoods where the asking prices are below the average Houston rent:
- East Little York, where the average rent goes for $870/month.
- Greater Eastwood, where renters pay $850/mo on average.
- Gulfton, where the average rent goes for $1160/mo.
Houston Real Estate Market After Hurricane Harvey
Hurricane Harvey had some fascinating and somewhat surprising effects on the Houston Real Estate Market. Harvey’s devastating economic impacts have a silver lining for homebuyers in Houston. Houston's real estate market forecasts look promising after the hit the city took from Hurricane Harvey in 2017.
Big weather events hit many areas of the USA hard last year, and the costs of repairing the damage have been astronomical. But Houston has shown its trademark resilience, and 2018 is predicted to see real estate growth of 2.8% in the city, meaning now would be a good time to invest.
Hurricane Harvey tremendously impacted the real estate market in Houston, Texas. Houston had some of the largest swings in real estate value. So what were the economic ramifications of Hurricane Harvey on this delicate market? First, people have renewed interest in houses that were located in areas that did not flood.
This isn’t a particularly surprising statistic. Buyers now have confirmation that these areas can survive a catastrophic event and that they won’t be in any danger of damage. A recent trend, though, has been that homes in areas that were damaged by Hurricane Harvey have started to see a pick-up in sales.
Many houses that were damaged are being quickly sold to real estate investors. They saw an opportunity after Hurricane Harvey to buy damaged homes on the cheap in the Houston Real Estate Market. This has, in turn, led to Houston becoming a valuable “hot spot” for the real estate market in the US.
In October alone, 6,381 homes were sold in the Houston Real Estate Market, an increase of 7.5% over the same period last year. Agents are not only selling houses at a faster rate, but they are also commanding a higher price for their sales. Realtors are selling houses in Houston, Texas for over $7,000 or more than in previous years.
Perhaps the largest increase, though, has been in rental marketing. People whose houses Hurricane Harvey damaged have been looking to rent since the hurricane struck in late October. The rental market in Houston is approaching an all-time high. Investors are also intrigued by this statistic as it allows them to make money off of houses they may not be residing in at a given time.
This has further contributed to an increase in the housing market in Houston, Texas. The rental statistics for single-family homes and townhomes/condominiums are staggering. Single-family homes saw an increase of 83.6 percent over 365 days while townhomes and condominiums saw an increase of a mind-boggling 92.2 percent.
It is not surprising, then, that investors have flocked to the area with the idea of making a quick buck. As many have learned, the profit that could be acquired in this area is immense. The housing market in Houston is in an exciting new territory.
Although Harvey’s effects were devastating, the hurricane also contributed to the Houston housing market’s new rise after Harvey. Houston's inspiring efforts to come together and recover show the resilience of the people there and the city’s strength. The government’s quick response to the tragedy and their overwhelming desire to help the people exhibits the city’s importance on a national, and continental, scale.
Houston housing market remained in recovery mode in 2018 following devastating floods from Hurricane Harvey. People living in more expensive cities such as New York, Los Angeles, and San Francisco flocked to cheaper living cities such as Houston, Texas.
Many workers were fed up with the costs in these regions and were having difficulty surviving in areas with labor shortages, rising mortgage rates, and higher lumber costs. All these factors contributed to a significant upward trend in the Houston housing market in 2018.
Houston Real Estate Investment Outlook
Investing in Houston real estate can be a worthy investment due to a steady rate of appreciation. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold. Should you consider Houston real estate investment? Houston is a minimally walkable city in Harris County with a population of approximately 2,112,810 people. It is a diverse city with lots to offer that will cater to the tastes of a variety of potential buyers and tenants.
According to Neighborhoodscout.com, a real estate data provider, one and two-bedroom single-family detached homes are the most common housing units in Houston. Other types of housing that are prevalent in Houston include large apartment complexes, duplexes, rowhouses, and homes converted to apartments. Single-family homes account for about 45% of Houston's housing units.
Nearly 79,000 single-family detached homes were sold in the first 11 months of 2019, with year-to-date sales running 4.1 percent ahead of last year’s record volume. The total number of homes sold in the entire twelve months of 2018 was 82,229. Residential units, hotels, office buildings, and restaurants; the city is seeing continuous development projects that promise to keep the real estate market strong. Many of Houston’s neighborhoods are some of the most attractive places to live in the whole of Texas, and it’s not hard to see why.
With a great balance of urban regions and open spaces in the suburbs, the potential for development is clear to see, and the natural features of the land are some of the most attractive features you could hope for in an investment district. The Texas real estate market has been pretty quiet for a little under a decade now, but the real estate market in Houston has managed to remain relatively consistent while its surrounding areas have dragged their feet.
Houston has always been a hotbed of buyer activity; just ask the multitude of overseas investors who choose Houston as the city of their choice to invest in real estate. There was a time when Houston seemed immune to the highs and lows of housing cycles, but it now seems to have joined the pace of the national average.
But its rate of appreciation continues to be slightly above the national rate. With an extremely diversified economy and a huge demand for housing, Houston remains one of the top markets in the nation for real estate investing. Houston is one of the country’s top job creators, the home of America’s booming energy industry, is more diverse than New York City, and lets you stretch a paycheck farther than anywhere else in the country. Houston is also one of the hottest real estate markets in the nation.
Top Reasons To Invest In The Houston Real Estate Market |
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Good cash flow from Houston investment properties means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt. Therefore, finding a good Houston real estate investment opportunity would be key to your success.
If you invest wisely in Houston real estate, you could secure your future. The best investment is now looking for a rental property that will generate good cash flow. Your best tenants would be the retirees who intend to relocate to Houston and want to purchase property to rent out.
The running costs for owning and managing a Houston rental property should not be high. While hiring a property management company you should expect to give up roughly ten percent of the rent for each property they manage. Remember to factor this loss into your calculations when budgeting for a new rental property.
The three most important factors when buying real estate anywhere are location, location, and location. The location creates desirability. Desirability brings demand. There should be a natural and upcoming high demand for rental properties. Demand would raise the price of your Houston investment property and you should be able to get a good return on your investment over the long term.
The neighborhoods in Houston must be safe to live in and should have a low crime rate. The neighborhoods should be close to basic amenities, public services, schools, and shopping malls. A cheaper neighborhood in Houston might not be the best place to live in.
A cheaper neighborhood should be determined by these factors – Overall Cost Of Living, Rent To Income Ratio, and Median Home Value To Income Ratio. Houston's real estate prices are well above average cost compared to national prices.
It depends on how much you are looking to spend and if you are wanting smaller investment properties or larger deals such as duplex and triplex in Class A neighborhoods. The inventory is low, but opportunities are there.
When looking for real estate investment opportunities in Houston or anywhere in the country, the generally accepted standard is to purchase a property that will give you a modest but minimum of 1% profit on your investment.
An example would be: at $120,000 mortgage or investment cost, $1200 per month rental. That would be the ideal equation for example. Even with rent increases, buying a $500,000 investment property in Houston is not going to get you $5000 per month on rent.
The asking price of single-family homes in Houston (on Realtor.com) can start from $29,000 and can go up to $29.5M for a luxury property located in the Westside neighborhood. You can find many new construction houses available for sale in Houston.
Neartown – Montrose has a median listing price of $639,000, making it the most expensive neighborhood in Houston. Alief is the most affordable neighborhood, with a median listing price of around $155,000.
Even as Houston's home prices have reached new heights, the market remains attractive to residential real estate investors. As they continue to compete for potential investment properties at the lower end of the market, the challenges for first-time homebuyers will remain.
The homebuyers won’t be able to outbid real estate investors and would end up renting. As with any real estate purchase, act wisely. Evaluate the specifics of the Houston housing market at the time you intend to purchase.
Here are the top 10 Highest Appreciating Houston Neighborhoods Since 2000 (List by Neighborhoodscout.com)
- Lawndale Wayside South
- Woodland Heights
- Greater Heights Southeast
- Greater Heights East
- Near Northside
- Oak Forest East
- Oak Forest Park
- Central Northwest
- Independence Heights Southeast
- Garden Oaks
Other Texas Real Estate Investment Markets
Apart from Houston, you can also invest in the housing market of Dallas, TX. If you have decided to invest in Dallas, you can either buy a fixer-upper or you may want to buy a Dallas investment property. This market offers a wide range of turnkey investment properties; you just have to find your tenants to rent out the property.
The El Paso real estate market is another hot market to invest in. El Paso real estate market was ranked 4th in Trulia’s hottest real estate markets to watch in 2018. El Paso’s strong job growth, affordability, low vacancy rates, and high population of young households were pivotal in the ranking process. The cost of living in El Paso is lower than the national average, while the cost of housing is well below that of other major metropolitan areas, including Houston and Austin.
The Central, Cielo Vista, and Mesa Hills areas offer more affordable rental properties for sale, while neighborhoods in the northwestern and eastern parts of the metro area have some of the more expensive housing inventory. The amount residents spend on everyday expenses, such as food and transportation, is slightly less than what the average American pays.
The next one is the San Antonio real estate market. The median home value in San Antonio is $167,600. San Antonio home values have gone up 8.0% over the past year and Zillow predicts they will rise 2.5% within the next year. For those who want to invest in rental real estate, the San Antonio real estate market is an ideal location because of its outsized military presence.
Fort Sam Houston is located inside the city limits. Lackland Air Force Base, Randolph Air Force Base, Camp Bullis, and Camp Stanley are located in the immediate vicinity. This means that there is a large population that will almost always rent because they don’t know where they’ll be sent on their next assignment. San Antonio has a dearth of affordable housing because demand is so much greater than the supply.
This has created a large number of renters who need to pay quite a bit to rent apartments or single-family homes. We know there is a lack of housing relative to demand when a balanced market has a 6 month home inventory and San Antonio has only a two-month inventory.
The Austin housing market is one hot place to invest in Texas. It isn’t the largest in the state of Texas, but there are several reasons to consider buying real estate in this city. The Austin real estate market has gained a lot of steam, with home values almost doubling since 2010. The Austin real estate market isn’t as big as Dallas, San Antonio, or Houston.
One of the long-term strengths of Austin is its diverse economy. The Austin real estate market dipped after the layoffs of the Dot-Com boom. They decided to solve the problem by encouraging medical and biotech employers to relocate to the area, too. As of this writing, there are 85 biotech and pharmaceutical companies in Austin.
Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.
NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Houston.
Consult with one of the investment counselors who can help build you a custom portfolio of Houston turnkey properties. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of Houston.
Not just limited to Houston or Texas but you can also invest in some of the best real estate markets in the United States. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Houston turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.
Let us know which real estate markets you consider best for real estate investing!
Please do not make any real estate or financial decisions based solely on the information found within this article. Some of the information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US. This article aimed to educate investors who are keen to invest in Houston real estate. Purchasing an investment property requires a lot of studies, planning, and budgeting. Not all deals are solid investments. We always recommend doing your research and taking the help of a real estate investment counselor.
REFERENCES:
Market Data, Trends, and Forecasts
https://www.har.com/content/mls
https://www.zillow.com/houston-tx/home-values
https://www.neighborhoodscout.com/tx/houston/real-estate
https://www.littlebighomes.com/real-estate-houston.html
https://www.realtor.com/realestateandhomes-search/Houston_TX/overview
Rental Statistics
https://www.rentcafe.com/average-rent-market-trends/us/tx/houston/
https://www.rentjungle.com/average-rent-in-houston-rent-trends/
Foreclosures
https://www.realtytrac.com/statsandtrends/foreclosuretrends/tx/harris-county/houston
Downtown Houston
https://www.downtownhouston.org/development
Houston After Hurricane Harvey
https://www.houstonproperties.com/hurricane-harvey-impact-houston-realestate
https://www.bizjournals.com/houston/news/2017/10/11/following-harvey-houston-sees-home-sales-rebound.html
http://www.chron.com/business/real-estate/article/Houston-real-estate-market-continues-post-Harvey-12341532.php
https://www.npr.org/2017/11/08/562903267/some-real-estate-investors-eager-to-buy-houston-homes-damaged-by-flooding
