Texas oil country sees the downturn coming
January 21, 2009 - 1:36 p.m. In the West Texas oil patch, they can see the downturn coming at them from miles away like a pickup truck kicking up a dust cloud on the horizon.
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#1 Jan 24, 2009
Your article says the population of Midland is 98,000, and that is incorrect. The population of Midland was over 100,000 just before the oil boom began, and is probably well over 110,000 now.
Your article mentions a downturn in sales of homes, but doesn't say how many new homes have been constructed yearly since the oil boom began compared to before the boom.
#2 Jan 26, 2009
The downturn in home sales has finally put some negotiating options into the hands of buyers and those of us looking to lease. It's also finally put some inventory into a market that was lacking of homes to choose from. The foreclosure rate has not started climbing in this area, and believe me, there are still plenty of jobs here. Maybe they aren't $2,000/week jobs, but i guarantee you there are jobs here.
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