Texas has consistently been ahead of the curve when it comes to the ability to maintain steady employment. The only time in the last 40 years when Texas’ economy declined faster than the nation’s was during the mid-'80s, when the oil market fell flatter than it has ever been since.
Currently, as oil prices have plummeted from $102.59 a barrel in March 2014 to $45.36 in August 2015, the market for Texas apartments in certain areas throughout the state have been hit hard, even though the state’s job market continues to grow, according to Axiometrics’ apartment market research.
Read more...Oil Prices Make a Difference in Performance of Texas Apartments
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