Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Houston
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-18-2016, 09:40 AM
 
345 posts, read 805,269 times
Reputation: 233

Advertisements

highest since last december after reaching a $26/barrel low and still climbing. is the theory for a housing market collapse gone?
Reply With Quote Quick reply to this message

 
Old 03-18-2016, 09:54 AM
 
225 posts, read 517,040 times
Reputation: 304
the jobs are gone and won't come back
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 10:05 AM
 
1,715 posts, read 2,282,033 times
Reputation: 961
I don't think that the housing market ever collapsed in Houston. It was not on fire as it had been in the last 4-5 yrs. It was moving steadily and slowly in some instances.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 10:24 AM
 
Location: Hougary, Texberta
9,019 posts, read 14,215,437 times
Reputation: 11029
There wasn't really a collapse as much as a stop in the climb. Although you aren't going to see much of a change until it hits $50, and doesn't drop for a couple of months.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 10:31 AM
 
Location: Houston TX
2,431 posts, read 2,481,275 times
Reputation: 1784
Too early to talk about any trends right now.
We already saw that during last year.
So much excitement about small increase and next day oil drops again.
Will see after 6 months.
But if this trend would continue, the o&g companies might start actively hiring in September.
Some of them are still hiring right now even in these market conditions.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 10:38 AM
 
6,720 posts, read 8,344,600 times
Reputation: 10409
Quote:
Originally Posted by right View Post
the jobs are gone and won't come back
They will come back eventually. They did after the 80's, and they will again. The individual people laid off may enter other industries and never return to O&G, but the industry will grow again. It's cyclical in nature, and always has been.

The housing market will flatten and people will stay in their current home. There won't be as much moving up the property ladder. There won't be enough homes on the market for there to be a true buyers market. You will be able to get deals on homes with flaws like location, condition, flood issues, busy streets, backing onto commercial areas, and the homes over $500,000. It's the perfect time to buy a luxury home, except not many are buying.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 11:09 AM
 
Location: Memorial Villages
1,503 posts, read 1,764,622 times
Reputation: 1691
If oil keeps steadily climbing, engineers and geologists who are on the fence about buying their first home or upgrading will cautiously return to the market. I'd expect prices to trend slightly upward, but no return to the appreciation rates of 2012-2014.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 11:27 AM
 
309 posts, read 421,862 times
Reputation: 75
What should cautious engineers waiting to buy a house in the say $250k to $350k range do this year?
I'd love to hear opinions.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 11:45 AM
 
225 posts, read 517,040 times
Reputation: 304
^ ask your magic eight ball

$250-350 in a fully developed neighborhood will probably be fine but $250-350 in a newer neighborhood where builders are throwing up houses left and right might be a bad idea.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 12:55 PM
 
Location: Houston/Austin, TX
9,767 posts, read 6,407,565 times
Reputation: 6328
Quote:
Originally Posted by right View Post
the jobs are gone and won't come back
The jobs are gone and will come back in a slow rate.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Houston
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top