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Housing market shows signs it's slowing down

from Houston Chronicle

More new homes are sitting vacant and unsold across the Houston area, the possible leading edge of a real estate slowdown triggered by crude oil's price collapse. The trend is evident in higher-end homes in the region's northern reaches, especially in and around The Woodlands, where the expected surge of homes sold to Exxon Mobil transplants never fully materialized. Many of those upper-income workers brought to the oil giant's massive campus off Interstate 45 and the Grand Parkway are perhaps opting to rent instead. more

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