Thread regarding Murphy Oil Corp. layoffs

Houses in Houston

With all these layoffs and firings in the energy sector, how is the housing market in Houston? I remember the pain of the 1980's bust and things were pretty bad there and in Dallas.

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Post ID: @OP+GIkALEx

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250-400K homes are selling

600-1,000K+ are slow to sell.........

all imho.......... ind results may vary

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Post ID: @ryxo+GIkALEx

As far as the housing is going it's not as bad as the 80's. That is because Houston is alot more diversified than they were in the 80's. I see alot of houses for rent, that tells me people have found jobs elsewhere, but they plan to be back someday. I've been out of work for several months, but I have some money saved up so I'm just going to work odd jobs until things pick up.

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Post ID: @1yeg+GIkALEx

the housing market is slowing. In 2013 and 2014, it was booming more than I had ever seen it. Sellers were getting more than their asking price. Now I see a lot of foreclosures on the market. That being said, it really depends on the uniqueness of the house being sold, how easily it will sell.

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Post ID: @xck+GIkALEx

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