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Zoning in Houston A Boon or Curse When compared with other areas, the number of Houston inexpensive homes and foreclosures are relatively less. The region has somehow limited it self to the sidelines where in actuality the national foreclosure situation is concerned. Houston foreclosure results are not swelling with new foreclosures each week and the property prices have been rather stable i.e. they have not actually taken the plunge like in certain of one other neighboring counties or even states. In reality, the overall housing prices have remained at a small amount and the only factor ensuring the stability of prices may be the easy option of land. Houston features a generous variety of space some of which are protected while the others are not. But this is simply not the only reason The 2nd reason may be the lack of zoning as described by Bill Gilmer, a economist with the Federal Reserve Bank of Dallas' Houston branch. Browse this webpage find out more to study the purpose of this view. From the perspective of economy, the zoning laws have worked like a reduction of supply. Based on Gilmer, an important role has been played by the zoning laws in raising the price of creating a new-home and as the price increased, a result of the supply constraints. Due to the growing housing demand, several states and their cities as well as counties have produced tight regulations on zoning and add to it the limited supply and this has generated a high and rapid increase in home prices. By the end of the afternoon, the rapidly rising costs snuff out the demand and cause disturbances just like the crumbling of the different mortgage markets in different towns. The final result is foreclosure. Even though, there are many Houston lender owned homes in the state of Texas but over all the demand for homes has been met through new house constructions instead of rising costs. The immediate result was that Houston was saved from the effects of the actual estate bubble burst. The bottom line is that insufficient zoning has ensured that there's relatively less Houston foreclosure homes..