State of Housing: Houston real estate boom leaves a vulnerable situation in its wake
The past two years have been a heady time for real estate, and as we emerge from the pandemic’s fog of uncertainty, the 2022 State of Housing report details an increasingly stressed situation in Harris County and Houston. Median prices now exceed $300,000 and are approaching $350,000, slipping out of reach for residents earning the median household income. Meanwhile, much of the already limited affordable rental housing stock is becoming increasingly vulnerable.