All of the notes thus far have great and valid points. Supply and demand will be the biggest driving factor of any real estate market whether located up north or here in the south. People continue to move to and from Houston with the number 1 driving factor being industries and jobs, much like your own situation.
Foreclosures have definitely had an effect on some of the larger subdivisions that peaked with new home sales and prices around 2007. However, we have seen the market stabilize in those areas and have noted prices to be recovering. Sales activity and buyer interest never really slowed versus other parts of the country.
While the Inner Loop of Houston has prices that will more closely mirror the Twin Cities due to limited supply and high demand, the suburbs continue to grow and therefore stabilize that equation. The typical appreciation for Pearland is between 2-5% historically on average. Pearland is a very large city/area with continued growth.
Also worth considering is that property taxes in Pearland may be higher than the norm up north at 2.7%-3.7% currently. Pearland, as part of Brazoria County also requires Wind Insurance. So, while we definitley don't consider these items as negative as they make the area such a great place to live and help to contribute to our highly sought after school district, it is important to consider as part of the bigger picture on your budget.
The best way to better understand the local market would be a tour of homes of interest to you once you reach that point in your timeline.
I specialize in Pearland and the surrounding neighborhoods and would love the opportunity to work with you when you're ready. I do participate in many employer relocation programs as well if that is part of your plan.
Better Homes and Gardens Real Estate
Pearland, Friendswood and Bay Area