Toyota engine plant creating 70 jobs
Fresh violence erupts in Bangladesh
Volunteers set new Games record
'Rise in children self-harming'
VIDEO: Call for undercover policing reform
Sales Are Like Drugs. What Happens When A Store Wants Customers To Quit?
JC Penney's new CEO came in with a bold strategy: No more sales or coupons. It didn't work.
Administration Asks Supreme Court To End Calif. Gay-Marriage Ban
The case before the court tests the constitutionality of a California referendum, narrowly passed by voters in 2008, that reinstituted a ban on gay marriage. The U.S. is calling on the court to declare the California law unconstitutional, a violation of the principle of equal protection.
New Afghan Challenge For U.S.: Shipping Stuff Out
The military has to pack up more than 11 years worth of equipment and send it home. The number of containers to move is in the six figures, and some question whether everything can be shipped out by the end of 2014.
Stay-At-Home Workers Defend Choice After Yahoo Ban
Yahoo's telecommuting ban may be just what that company needs in a time of crisis. But some stay-at-home workers resent the implication that they are slacking off when the boss can't see them. Should society resurrect all the barriers between work and home?
AUDIO: Alcohol abuse's hidden world
Sacrificing Sleep Makes For Run-Down Teens — And Parents
Getting enough sleep is as crucial as eating well and exercising. But with family life spinning faster and faster, solid shut-eye is sometimes hard to come by. That can hurt kids' health — and increase their weight.
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Wild Bees Are Good For Crops, But Crops Are Bad For Bees
When it comes to pollinating our favorite crops — from coffee to watermelon — honeybees can't do it alone. Wild bees in the field play a critical role in creating bumper crops, a massive new study reports. But these bees are disappearing, and scientists say the rise of crop monocultures is partly to blame.
Sacrificing Sleep Makes For Run-Down Teens — And Parents
Getting enough sleep is as crucial as eating well and exercising. But with family life spinning faster and faster, solid shut-eye is sometimes hard to come by. That can hurt kids' health — and increase their weight.
Wild Bees Are Good For Crops, But Crops Are Bad For Bees
When it comes to pollinating our favorite crops — from coffee to watermelon — honeybees can't do it alone. Wild bees in the field play a critical role in creating bumper crops, a massive new study reports. But these bees are disappearing, and scientists say the rise of crop monocultures is partly to blame.
'Rainforest' of election leaflets
Landslip rail line closed until June
Yee-haw! Why Houston's housing market is growing so fast
We've been exploring the housing market in cities across the U.S. This week, we turn our attention to Houston. There are very few areas around the country, growing as fast as Houston. In fact, the city was recently named "healthiest housing market for 2013" by Trulia. Thai Klam is a broker for RE/MAX 360 in Houston and joins us to discuss the Texas city's real estaste market.
"The economic landscape of Houston is really diverse. We have financial sectors along with the things that you think about -- oil, gas and the port of Houston. We have tons of jobs relocating here," says Klam. "If you're looking for purchasing homes in the Houston area, inventory's scarce as it is across the nation. We have such a diverse housing market that has been completely booming with the lack of new construction and pent-up demands to buy. So you're seeing a lot of rental properties coming up. You're seeing a lot of new apartment complexes being developed to accommodate the buying pool that is unable to buy. Currently right now it's a seller's market. It's shifted like that within the past, I'd probably say, 12 months. Buyers have to be educated in expectation to either submit a full-price offer or compete against other buyers that are possibly out there," says Klam.
Klam says the average price of a home is about $172,000 right now. He says at this time last year, the same home might have cost around $160,000. That's about an 8 percent appreciation over a year.
"You've got several types of buyer pools that are out there. You've have the Generation X and Y, and the Millennials coming to the market. That's about 84 million consumers altogether. And then the Baby Boomers, you're seeing a lot of downsizing as well," says Klam.
As for the outlying areas of Houston, Klam says you might be surprised to find that there's not much inventory that's out there.
Latina Sisters Aimed High, Defying Low Expectations
Growing up in 1960s Nebraska, Linda Hernandez and her sister were among the few Latino students in town. When it was time to take the SAT, their guidance counselor told them not to bother. She told them that "all we would do is have babies," Linda says.
Latina Sisters Aimed High, Defying Low Expectations
Growing up in 1960s Nebraska, Linda Hernandez and her sister were among the few Latino students in town. When it was time to take the SAT, their guidance counselor told them not to bother. She told them that "all we would do is have babies," Linda says.




