Wal Street Journal US News Houston Hits Housing Hurdle By David Wessel & Kris Hudson Updated Aug 19, 2013 I'll quote a tiny portion Houston - Like Much of the rest of Tx , this city skipped the housing bubble & the subsequent bust . Home prices rose steadily throughout the 2000's here while they skyrocketed & then crashed elsewhere .
In Houston real-estate market , it turns out , supply adjust ( UNUSUALLY QUICKLY ) to demand . Land is plentiful , zoning restrictions few . Builders & developers here can ramp up relatively fast , which is why we haven't had bubbles in the (recent ) past ,said longtime mortgage banker Don Hickey of Amegy Mortgage Capital . The market here responds very quickly .But lately Houston home builders have been unable to keep up with strong demand .As A result , home prices HAVE BEEN SOARING ..
Much more to this article you can google it .
Also Forbes Model U.S. City by Joel Kotkin is a REALLY GREAT article In their 1st parg they say Do cities have a future ?& speak of Detroit , Cleveland New York , Boston San Francisco & say . Yet if YOU WANT TO SEE SUCCESSFUL 21st URBARISM , hop on down to HOUSTON& Tx the Lone Star State , You won't be alone . Last year Houston added 141,000 residents more than any region in the U.S. save the city's similarly sprawling rival, Dallas Fort Worth . Over the past decade Houston's population has grown by 24% five times the rate of San Francisco , Boston & New York .In that time it has attracted 244,000 new residents from other parts of the Us , while older cities experienced high rates of out - migration . It is even catching up on foreign immigration , enjoying a rate comparable with New Yorks & roughly 50% higher than that of Boston or Chicago .
So what does Houston have these other cities lack ?OPPORTUNITY . Between 2000 & 2009 Houston's employment grew 260,000. Greater New York City with nearly 3 times the population of Houston has added only 96,000 jobs . Chicago area has lost 258,000 jobs , San Francisco 217,000, Los Angeles 168,000& Boston 100,000 .
There is much more to read google yourself .