The Houston Chronicle investigates the Houston-Area real estate market, finding signs of the oil slump's effect on a formerly hot market.
"Houston-area home sales fell 8.8 percent in July, the most severe decline since last winter and a sign that the oil slump finally may be catching up with the housing market," reports Nancy Sarnoff.
"The July drop follows months of relative stability in the property market, which defied the impact of low crude prices that have bankrupt scores of energy companies and resulted in layoffs across the region," adds Sarnoff.
So far, local economic efforts are describing the trend as a yellow flag, but that could change to a red flag if the year-over-year drop continues for a few more months.
FULL STORY: Houston housing market takes summertime hit
The Shifting Demographics of Homeownership
Hispanics are the only racial group projected to increase their rate of homeownership over the next two decades, according to a new analysis.
New York Real Estate Market Shows First Signs of an Uneven Recovery
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New Homes Selling Like Hotcakes
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Trump Administration Could Effectively End Housing Voucher Program
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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Central Transportation Planning Staff/Boston Region MPO
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