Houston Housing Market Nearing "Collapse"

[Account Closed]

"Houston is the only market that's is already looking dangerously close to collapsing." Personally, I feel collapse is a strong word and a bit alarmist. Interesting chart though, I like the blue Phase 2 section. Anyone like to chime in on the linked article? http://www.businessinsider.com/phases-of-the-housing-cycle-in-american-cities-2016-9