COLLEGE STATION (Real Estate Center) – News outlets yesterday reported that crude oil prices dropped below $50 per barrel for the first time in more than five years.
As Real Estate Center Research Economist Dr. Jim Gaines said last month on the Real Estate Red Zone podcast, oil prices are the number one issue facing the Texas housing market in 2015.
To hear Gaines' projections about how the Texas economy could be impacted this year by falling oil prices, check out podcast episode 239.
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