Texas since the oil crash

[Michael Wolffs]

For a lot of years, Texas was a hot multifamily market. Much of that activity was driven by the oil boom. But a year or two ago, the Saudis popped that bubble. Oil prices have come back a little since then, but not nearly to where they were.

How has this effected the multifamily market?  Have prices come down at all?  It looked like an interesting market, but one that was at the top of the cycle, so not good to by into at the time.  Has that changed at all?