Houston Real Estate Market will have more inventory in 2015.

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I recently came back from a class provided by HAR.  The instructor of the class said the Houston market will experience an increase of inventory in 2015.  Currently the average inventory stays between 2.5-2.9 months.  In 2015, the inventory will increase to between 5.1-5.9 months. When the months of inventory reach up to 6 month long, the market will change from a seller's market to a buyer's market according to the instructor from HAR.  Any inputs from BPers?

[Adam K.]

I hear so much about Exxon and jobs but can not find any real data. 

What percentage of the all the new jobs will be filled by the massive pool of engineers and energy industry personnel that are already established and working here? A 30-60 min commute to work is pretty common for the Houston metro.

What is the average employee age, pay scale, education level and retention for the majority of the new jobs? I know of several neighborhoods very near Exxon that have had large numbers of foreclosures and are now predominately rental neighborhoods with sec 8. I don't see the recent college graduate or 6 figure veteran engineer buying or leasing in these neighborhoods.

Its funny how the radius and boundaries of neighborhoods is exponentially growing. Listings and wholesalers claim anything within 10 miles of a hot area. The Heights now extends from Washington Ave to Little York between 59 and 290.  Spring Branch is now anything north of I-10 between 610 and HWY6. Bellaire extends down to 59 south and the beltway. Humble, Jersey Village and anything outside the north beltway are now "Close to Exxon".