Oil & Real Estate
Looking just in tony River Oaks, almost every home there has been reduced, from a $14 million spread that was once asking $19 million, to a 2,100-square-foot starter ranch now at $699,000, down from $840,000. Reuters reports that folks are pulling together with oil prices at their lowest since, well gosh, the 1980s. They are…
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It’s the elephant in the room: could the energy downturn put the brakes on our Texas’ housing boom? Texas has enjoyed one of the strongest housing markets in the nation. We were barely nicked by the recession. Couple of reasons for that: 1. Our strong energy market kept the jobs going and… 2. Texas by…
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