Will the Rebound in Oil Prices Rescue the Houston Housing Market?

I don't have an answer right now, but I'll be watching inventory for clues. The Houston Association of Realtors (HAR) hasn't released data for May yet. However, in April, active listing were up 17% year-over-year compared to April 2015.   The current level isn't unusually high for the Houston market (inventory was over 50,000 in 2010), but inventory has increased significantly since oil prices started falling. Click on graph for larger image in graph gallery. This graph shows the number of active listings in Houston since January 2013. Note: inventory in late 2014 was at historic......(read more)

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