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.

Houstonpostcard

Get a free daily digest of the most important news in your backyard with Axios Houston.

🌱

Support local journalism by becoming a member.

Learn more