I did some research on Texas and Atlanta. 
 
At that time, I did some research on Atlanta and Texas.

Atlanta has lots of similarity to Texas. I dug out the real reason why Texas’ price didn’t enjoy the growth as other regions. I remember the reason is not really because of lack of growth or too abundance of land supply. The real reason is that Texas’ local planning and development office are very pro-business, granting easy permits for zoning to encourage residential home building industries. The research report by Texas AM University pointed out that this easy government policy created abundant supplies of new land and new development that always meet the supplies of new demand, therefore, even if the demand has been growing over the years due to population growth, it never have been translated into high home price. Atlanta has similar issues.

A lot of people contribute price to supply and demand, but they didn’t go deeper. The deeper reason is government planning policy. DC region has much stricter planning policy, and it’s getting more and more stricter as we progress into the future. California effect has already shown in recent years. Therefore, DC region is very investment worthy for the next couple decades.