As discussed previously on this program, the Urban Land Institute and Price Waterhouse Cooper's "Emerging Trends in Real Estate 2015" report suggests Houston is the country's number one "market to watch" this year. So, Houston Matters will do just that, periodically, throughout 2015.
It’s been a seller’s market in real estate here in Houston for some time now. Demand has outpaced supply in residential housing, a byproduct of Houston’s recent economic boom. But as oil prices have plunged, and oil companies have recently announced layoffs, that all-important sector of Houston’s economy will, naturally, impact other sectors (as we’ve also discussed recently), including real estate. How is real estate impacted by oil prices dropping? What other factors could impact home sales, or apartment rents, or new residential or commercial construction?
On this edition of Houston Matters, we get the lowdown on real estate trends in Greater Houston, as we talk with Ed Wulfe, Chairman and CEO of the commercial real estate firm Wulfe and Co., and Nancy Sarnoff, real estate reporter for the Houston Chronicle.
Also this hour: At a recent symposium on immigration at Rice University, diplomats, scholars, activists, and public officials noted the issue is more than just a U.S./Mexico border problem, that other countries bear responsibility for migration. We discuss immigration beyond the border with Dr. Tony Payan, director of the Mexico Center at Rice University's Baker Institute for Public Policy, who moderated a panel discussion during the symposium.
And: As we do every month, Houston Matters goes to the dogs...and cats, as we welcome questions about the care and feeding of your beloved canine and feline companion for veterinarian Dr. Lori Teller from the Meyerland Animal Clinic.
Plus: The Houston Astros made a flurry of moves in recent days, reshaping their major league roster, but failed to land a free agent pitcher who seemed poised to sign, but backed out for reasons still unclear. The Houston Rockets won three of four last week, despite an injury to Dwight Howard, as James Harden continued to score at a league-leading pace, strengthening a case for MVP consideration. And still, all anyone really wants to talk about is “Deflate-gate.” We discuss it all with Culture Map Houston sports columnist MK Bower.