Oil Price Decline May Impact #Texas #RealEstate!

We would imagine that most consumers are ecstatic about oil prices falling over the past year! It’s most notable at the gas pump. We are saving 33% off our monthly expenses to gas up our cars. However, Wall Street doesn’t appear to be too happy about the decline in oil prices. We believe it’s because the stock prices of the big oil companies have decreased too. Another possible impact of the oil price decline could be real estate, particularly in regions with jobs that support the oil industry. If oil prices stay at depressed levels, it could affect employment, which affects real estate values. To learn more about the impact on the Texas real estate market, click here. For beginner real estate investors, it is very important to minimize risk! Investing outside of your local region increases risk. Therefore, do your research and proceed carefully! How to start? Click here.

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The opinions expressed herein are solely those of the Author/WebMaster. Before taking any action, please consult your real estate, financial, and legal advisors.


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