Great Country Property! Sits on Half an Acre. They Don't make Em like this anymore! Beautiful Covered Front Porch! Spacious Home in Great Condition! This Home Features over 3400 square feet! 4 bedrooms, 2 & 1.5 baths, 2 living areas, Plus a HUGE Game Room! Tons of Storage! Great Walk in Closets! Big Back Yard. Property is Fenced & Cross Fenced with Plenty of Room to Store a Boat or RV. Extra Long Driveway leads to a HUGE SHOP! The Shop has 1647 square feet & will Hold 5 to 6 Cars Easily!
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 correlation, not causation.
“They do tend to have some relationship to each other, but there’s nothing that says just because the price of oil goes from X to Y that the monthly home sales are going from A to B,” Gaines told Texas REALTOR® magazine.
“Historically, the state has had substantial and strong home-sale activity even without extremely high oil prices,” he says. At the same time, there are cutbacks in the oil industry, which means job losses for some Texans. However, Gaines says there are other influences on the housing market, including employment growth in non-energy sectors, population growth, and low mortgage-interest rates.
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