State dependency on oil may increase risk of home-price drops

Home prices are well above historic norms in oil-dependent markets, but that trend may shift in the opposite direction.
  • Major Texas metros may have hit their peak in terms of home prices.
  • The states most at risk for price declines are some of the least populated states in the nation.
  • Volatility within the energy industry will affect the homes sales markets for the next two years.

Five Texas metros and three states that are oil-dependent remain at a higher risk for home price declines over the next two years.