Amenity-laden Le Mirage Apartments in Midland demands more than $1,100 for a one-bedroom unit. (Photo: Weidner Apartment Homes)

Amenity-laden Le Mirage Apartments in Midland demands more than $1,100 for a one-bedroom unit. (Photo: Weidner Apartment Homes)

New affordable housing is hard to find in Midland-Odessa, as a recent study from RentCafe shows that 100 percent of the new apartments completed in 2015 were high-end units. Nationally, 75 percent of all apartments that came on the market last year were priced at luxury levels.

Considering how much the new construction in the single-family market is lagging, the limited number of new affordable rentals could be eroding would-be homeowners’ future buying power.

Read the whole story behind the numbers on MidlandDirt.com.

odessa luxury homes

Odessa houses in the half-million-dollar range offer a range of high-end amenities, from new Venetian plaster walls to acreage with horse stalls. We’ve picked out four listings to give you an idea of what $500K buys in Odessa now.

Read the whole story over on MidlandDirt.com!

 

Will the shrinking Midland-Odessa job market mean panic for real estate professionals?

Will the shrinking Midland-Odessa job market mean panic for real estate professionals?

The shrinking job market in Midland-Odessa has some people in panic mode, with rumors of multifamily developments poised for certain collapse should renters renege on their leases and abandon their apartments. Should we worry about Midland Real Estate?

Not so fast, says this story by WFAA. Sure, part of the oil and gas industry’s workforce is slipping, but oil-and-gas-related lawsuits could bring an entirely different tenant to town. Home builders are still building, but at a gradual pace, that’s for sure. The big question remains, though: Will there be a burst bubble in the near future?

Read what economist Jim Gaines at the Real Estate Center at Texas A&M University thinks on the blog.

Midland's real estate market is projected to grow quite a bit over the next few years.

Midland’s real estate market is projected to grow quite a bit over the next few years.

The dip in oil prices doesn’t appear to affect the housing market, at least according to the lastest report on Midland and Odessa from Local Market monitor. Both West Texas cities will see year-over-year growth, and the economic analysts studying the investment situation in the area consider these two markets as “low risk”

Read a more detailed report on MidlandDirt.com.