The real estate scene in Houston, Texas was shook to its core from 1981 to 1984 when people suddenly began moving away. Within three years, 210,000 people had left the city, causing retail real estate and housing prices to plummet in response to the lack of renters and buyers. Houston later recovered by becoming the nation's energy capital, drawing residents back, and boosting up the real estate market.
Today, Houston is no longer the single-industry town it once was, keeping the real estate market not only stable, but thriving. A town that re-invented itself from the energy-only industry it was in the past, to a city that estimates to create 60,000 to 70,000 new jobs each year, happened because of innovative leaders and real estate investors with big visions for the city.…