How the oil slump is affecting residential real estate in Houston (HBJ)

Photo Courtesy of HBJ

Photo Courtesy of HBJ

By Paul Takahashi

For months, Houston developers have watched nervously as oil prices plummeted to six-year lows.

As energy companies tightened their belts, developers wondered how the oil slump would affect Houston’s residential real estate market — particularly in the suburbs, which saw expansive growth during the energy boom.

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