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Oil slowdown hits Texas and North Dakota housing market
A sharp drop in oil prices since 2014 hurt drilling, prompting layoffs and cooler home sales in North Dakota and West Texas cities Odessa and Midland, with El Paso and Houston feeling slowdowns. Analysts warn further declines unless oil rebounds, while the energy sector shed over 122 thousand jobs this year.
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Texas
N. Dakota
U.S
North Dakota
West Texas
Midland
Odessa
el Paso
Houston
Jim Gaines
Texas A&m University
Wall Street
Labor Department