Renters should not expect any relief soon because of all the new apartments being constructed ; they will not be ready until 2014 at the earliest as a recent WSJ article of January 13, 2013 explains. Meanwhile the percentage of people now able to own their own homes has decreased because of tighter credit.
This Barron's article for the cover of the September 8th issue is proclaiming that the much-predicted uptick in the U.S. housing market is now happening at last. The turnaround appears to be here to stay and the increase in home prices over the summer seems to be permanent, athough "any sustained recovery faces obstacles." Houston is listed at the very top of their "Top 50 U.S. Housing Markets."
Houston tops the handful of Texas cities in Forbes' recent list of vibrant cities that have growing economies and are "cool" places to live. Enjoy the article!