To slump or not to slump? Houston housing market tepid, but not collapsing

A variety of professionals weigh in on the Houston housing market
  • The energy sector shed 260,000 jobs in 2015.
  • With West Texas crude trading below $27 a barrel, experts are noting trends, but not panic, in the Houston housing market.
  • The Houston economy is far more diverse than it was during the last economic bust.

Oil truly does lubricate the Texas economy. But what is the impact of the job losses in the energy sector on the residential real estate market? Several realtors and a major homebuilder have strong opinions on the appeal of the market heading into 2016.