Real Estate

Outsiders fuel Houston's housing market

Data: Redfin; Chart: Baidi Wang/Axios
Data: Redfin; Chart: Baidi Wang/Axios

People moving to Houston are coming armed with home-buying budgets 17.5% bigger than what locals have, according to a new Redfin analysis.

Why it matters: Houston was once known as an affordable city, and though it still is nationally, locals — particularly Black and Hispanic residents — don't hold the purchasing power.


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