Dropping Oil Prices Hit Houston | WBEZ
Skip to main content

Here and Now

Dropping Oil Prices Hit Houston's Housing Market

Oil is currently hovering at around $29 a barrel, down 70 percent from a year and a half ago. The repercussions of the drop are being felt across the oil industry in the U.S., yet other industries are also being affected.

In Houston, tumbling oil prices are hurting what had previously been a very hot housing market. Single-family home prices are down nearly 8 percent since the summer.


Copyright 2016 NPR. To see more, visit NPR.

Get the WBEZ App

Download the best live and on-demand public radio experience. Find out more.