HOUSTON - Expectedly, a dramatic downturn in oil, one that has run even faster and deeper than during 2008-2009, raised alarm about the stability of the Houston economy.
Nonetheless, with oil prices dipping below $30 a barrel reminding us of the bearish Houston economy of the mid-to-late ‘80s, today’s market conditions are vastly different.
Be sure to see CBRE's full This Ain't The '80s! comparison report here to see more information on interest rates, economic impacts, and capital development.
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