Houston housing market: gentle slide or big thump?

Is the Houston housing market set to slump in 2016?
  • Although Houston has a more diversified economy, signs of distress in the housing market are surfacing.
  • In a recent report from valuation services company ProTeck, Midland and Houston are two Texas cities showing fallout from oil industry layoffs.
  • Houston is not faring as badly as Midland is.

Taken together, Houston-area’s housing indicators give analysts pause. Even though the Texas of the last boom-and-bust energy cycle is more economically diversified, signs of trouble increase every day in the housing market.