As oil goes, so goes housing, per the Mortgage Bankers Association

Oil's slippery slope is part physical, part mental, and probably only Yogi Berra could tell you which part will have a bigger impact on housing.

HousingWire staffer Brena Swanson looks at employment trends in "oil states," as a way to decipher how big the oil crisis' hit will be on the local housing economies in those areas. Swanson writes:

Both Colorado and Texas still saw positive employment growth of about 1% by November 2015. And while it did drop, Oklahoma and Louisiana employment only fell by less than 0.5%.
North Dakota posted the greatest decline, with total employment declining more than 3%.

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