According to the Urban Land Institute and Price Waterhouse Cooperâs âEmerging Trends in Real Estate 2015â report, Houston is the countryâs number one âmarket to watchâ next year. The ranking is based on factors like investment, development and homebuilding prospects. According to the ULI website, âHouston offers a significant amount of investment opportunityâ for folks in real estate. All of which suggests the growth weâve seen in terms of population, sprawl, and numbers of cars on the road may continue unabated next year. Or, it could mean that housing market thatâs been blowing up for some time nowâ¦might be about to burst.
We discuss what it means to be THE âmarket to watchâ and consider again if weâre in a housing bubble that could pop. We talk it over with Bill Gilmer from the UH Bauer Institute for Regional Forecasting, and Chaille Ralph, Chair of the Houston Association of Realtors.