Unsold Homes Elsewhere Also Hurt Houston

Although Houston's housing market is holding up much better than the rest of the US, the impact of the housing decline is being felt in a different way here - tranferees moving to Houston who cannot sell their homes in other cities and therefore cannot buy a home here.  Some may decide to move and rent, but more are deciding to forgo the transfer alltogether. This may lead to what experts fear will be a record-low rate of domestic migration in 2008. To read the entire New York Times article, click the link below.

http://www.nytimes.com/2008/04/03/business/03labor.html?em&ex=1207454400&en=24bd9405313127dd&ei=5087%0A