Oil truly does lubricate the Texas economy. But what is the impact of the job losses in the energy sector on the residential real estate market? Several realtors and a major homebuilder have strong opinions on the appeal of the market heading into 2016.
- The energy sector shed 260,000 jobs in 2015.
- With West Texas crude trading below $27 a barrel, experts are noting trends, but not panic, in the Houston housing market.
- The Houston economy is far more diverse than it was during the last economic bust.