Tag Archives: oil-producing states

The average risk of home price declines over the next two years rests at the low level of 6 percent, except for states that are highly dependent on oil production.

As gas prices continue to decline, oil-producing states remain at high-risk for home price decreases, according to Fannie Mae's recent edition of Housing Insights.

HVF research on the impact of lower oil prices on home values found that in areas where the industries are diversified beyond oil and gas, home prices have remained stable. Authors of this research analyzed Houston’s home prices versus crude oil prices over the last forty years and found with the exception of the 1980s, Houston home prices have been steadily increasing due to diversity in the region.