For more than a decade, the towns north of Dallas, Texas – places like Frisco, Prosper and Celina – have seen an unprecedented housing boom, thanks in part to Indian workers drawn by skilled tech jobs and employers who sponsored their H-1B visas. But in the past year, the market for these houses has fallen and some of Texas’ biggest boomtowns have gone bust.

On today’s Big Take podcast, US housing reporter Prashant Gopal and host Sarah Holder unpack the forces underpinning a growing real estate crisis in Dallas-Forth Worth. They examine how changes to the H-1B visa program forced some residents to rethink their futures and what the dramatic pull back could mean for some of the newest suburbs.

This episode contains mention of suicide. If you or someone you know is having thoughts of suicide or self-harm, a global list of help lines is available at blog.opencounseling.com/suicide-hotlines/

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Prashant Gopal and Tanaz Meghjani; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

For more than a decade, the towns north of Dallas, Texas &ndash; places like Frisco, Prosper and Celina &ndash; have seen an unprecedented housing boom, thanks in part to Indian workers drawn by skilled tech jobs and employers who sponsored their H-1B visas. But in the past year, the market for these houses has fallen and some of Texas&rsquo; biggest boomtowns have gone bust.
On today&rsquo;s Big Take podcast, US housing reporter Prashant Gopal and host Sarah Holder unpack the forces underpinning a growing real estate crisis in Dallas-Forth Worth. They examine how changes to the H-1B visa program forced some residents to rethink their futures and what the dramatic pull back could mean for some of the newest suburbs.
This episode contains mention of suicide. If you or someone you know is having thoughts of suicide or self-harm, a global list of help lines is available at&nbsp;<a href="http://blog.opencounseling.com/suicide-hotlines/">blog.opencounseling.com/suicide-hotlines/</a>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Prashant Gopal and Tanaz Meghjani; Edited by Jeffrey Grocott.
Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

How H-1B Restrictions Popped Dallas’ Housing Bubble

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/64fe1f3b-a6f8-4290-8369-b45e01527159/transcript