Texas is known to have one of the most consistently successful economies in the country. But, cities in Texas that depend on oil prices have had difficulty recently. Axiometrics reports how 23,000 jobs related to oil have been lost in cities like Houston and Odessa. This leads to a loss in renters. While these cities are suffering, metropolitan areas such as Dallas, which don’t depend on oil for income, are feeling little effect. Dallas had an average 4.0% job growth in the past year, whereas Odessa dealt with a 4.4% growth in unemployment.
Read the full story on Axiometrics.com.
From:: Property Management