Classy Houston residential real estate.

MarketWatch local Houston real estate expert Andrew Nelson notes that when he says things have slowed down in the wake of the oil and energy dislocation rocking the economy, he means that relatively.

Yes, pace and price backed off the torrid rates of change they'd achieved in 2014 before an oil glut turned into an energy crisis. So, what that means is that 2015 was the second best year ever, to 2014's top honors. And 2016 won't go down as a bloodbath in anybody's mind, although conditions are a lot harder now than they were. Nelson writes:

Houston's economic diversity and health will continue to protect and preserve home values over the long haul, and it will continue to be a great place to live, work and raise a family. Albeit, that's a real estate person speaking.

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