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Updated over 9 years ago on . Most recent reply

Hersh M.'s profile image
Hersh M.'s profile image
Hersh M.
  • Engineer
  • from Carlsbad/San Diego
  • Member since Nov 22, 2014
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Hersh M.'s profile image
Hersh M.'s profile image
Hersh M.
  • Engineer
  • from Carlsbad/San Diego
  • Member since Nov 22, 2014
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Hersh M.
  • Engineer
  • Carlsbad/San Diego
97
Votes |
285
Posts
Buying & Selling Real Estate

Impact of crude oil prices on Texas RE

Hersh M.
  • Engineer
  • Carlsbad/San Diego
Posted

Hi,

Just curious. Is there any connection between Texas house prices/ rents and the crude oil markets? Are they correlated?

Thanks. 

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Lance Wakefield's profile image
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Lance Wakefield
  • Flipper/Rehabber
  • from McKinney, TX
  • Member since Jun 30, 2015
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Lance Wakefield's profile image
Lance Wakefield's profile image
Lance Wakefield
  • Flipper/Rehabber
  • from McKinney, TX
  • Member since Jun 30, 2015
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Lance Wakefield
  • Flipper/Rehabber
  • McKinney, TX
72
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381
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Lance Wakefield
  • Flipper/Rehabber
  • McKinney, TX
Replied

The short answer is no. As oil prices have been dropping over the last year or so home prices in Texas have been climbing. Texas has a very diverse economy now because of that oil no longer has the effect it once had on the economy here. 

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