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One of the biggest concern for the economy is growing debts...
http://www.profitconfidential.com/economic-analysis/u-s-economic-outlook-2016/
Now, we are seeing the impact in the Houston Housing market
You are just now figuring out the houston housing market follows oil prices. Where have you been the last 75 years?
You are just now figuring out the houston housing market follows oil prices.
We all know that oil states get impacted by the WTI collapse in price, we see that in the national state data too
It's just with housing it has a lagging factor in it, as oil started to fall more than a year ago but now in late 2015, we see the impact per the housing data in a more clear fashion.
#Housing
#Economics
Typically in the last 50 years when industrial production falls 1% YoY we see a recession, it's not happening in America now. However, we see the impact in oil and mining states.
Now, we are seeing the impact in the Houston Housing market
http://www.calculatedriskblog.com/2015/12/lawler-yes-houston-will-have-problem.html