In Houston, unemployment and housing and living costs are all above the national average. Home prices are up 6.1% in the last year, Redfin says.
But Houston’s infrastructure is so prone to flooding that property in the city has become a terrible investment. Though Hurricane Harvey was big news, the city deals with flooding almost every time there’s a rainstorm.
So these days, many Houstonians are searching for homes in Austin, Texas — and in Los Angeles, a city that’s not exactly known for affordability or safety from natural disasters.