Is Houston just an oil town?

Globally home prices are expected to drop in Houston
  • Because of inventory levels some Houston submarkets continue to see home values grow.
  • The Woodlands seems to be one submarket where a dip in pricing is occurring.
  • Globally, Dallas is viewed as a much more diverse market than Houston.

From a global perspective Houston is viewed as a market that lacks diversity when it comes to its employment drivers. Other Texas cities, like Dallas have been considered stronger than Houston in its economic diversity, but the impact of the oil industry on Houston varies by submarket.