Blog Archives

Do low oil prices hurt home prices?

If you’re worried about lower oil prices and the effect on the state’s economy, there’s research that could put your mind at ease. While there is some relationship between the two, Jim Gaines, Ph.D., a research economist with the Real Estate Center at Texas A&M University, says historical data shows that this relationship is only Read More

Odessa’s economic growth reliant on oil price

ODESSA – Odessa’s economy continued to grow through third quarter 2014, but that could come to a halt if oil prices remain in the $70 range for a few months, according to the most recent Odessa Economic Index by economist Karr Ingham. The study gauges multiple factors measuring the overall local economy such as building Read More

Odessa, Midland post strong growth, but watch crude oil

ODESSA, MIDLAND – The September 2014 Midland-Odessa Regional Economic Index was up 6.9 percent from September 2013, according to economist Karr Ingham. Amidst stunning growth, however, a more compelling story of impending change exists. The average price of crude, which peaked at $107 a barrel in summer 2014, averaged $89.57 in September 2014, down 13.3 percent Read More

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