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Zoning in Houston – A Boon or Curse

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                     Zoning in Houston – A Boon or Curse

Zoning in Houston – A Boon or Curse

As compared to other counties, the number of
href=”http://www.foreclosuredeals.com/houston/cheap-homes.html” Houston cheap homes
and foreclosures are comparatively less. The county has somehow restricted itself to the
sidelines where the national foreclosure crisis is concerned.
href=”http://www.foreclosuredeals.com/tx/harris/houston.html” Houston foreclosure listings are
not swelling with new foreclosures every week and the housing prices have been quite stable
i.e.: they have not really taken the plunge like in some of the other neighboring counties or
even states. In fact, the overall housing prices have remained at a modest level and the only
factor ensuring the stability of prices is the easy availability of land.

Houston has a generous abundance of space some of which are protected while others are
not. But this is not the only reason! The second reason is the lack of zoning as pointed out by
Bill Gilmer, a senior economist with the Federal Reserve Bank of Dallas' Houston branch.
From the perspective of economy, the zoning laws have worked like a restriction of supply.
According to Gilmer, the zoning laws have played an important role in raising the price of
constructing a new-home and as a result of the supply restrictions, the price increased.

Due to the increasing housing demand, several states and their cities as well as counties have
formulated tight laws on zoning and add to it the limited supply and this has led to a steep and
rapid rise in home prices. At the end of the day, the rapidly rising prices snuff out the demand
and cause disturbances like the crumbling of the different mortgage markets in different cities.
The final result is foreclosure.

Although, there are several href=”http://www.foreclosuredeals.com/houston/bank-owned-
homes.html” Houston bank owned homes in the state of Texas but overall the demand for
homes has been met through new home constructions as opposed to rising prices. The
immediate effect was that Houston was saved from the severe effects of the real estate bubble
burst. The bottom line is that lack of zoning has ensured that there is comparatively less
href=”http://www.foreclosuredeals.com/lview.php?
st=TX&cn=Harris&city=Houston&propType=1” Houston foreclosure homes.




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