Cheaper Fuel Can Hurt Housing Markets in Oil-Producing States

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January 12, 2016

For states that have their economies based on energy, lower gas, oil, and coal prices could set off a chain reaction that will hurt housing values, CNN Money reports.

Lower prices could bring layoffs, which would mean less spending and eventually less demand for housing. While home prices are expected to rise 3.5 percent this year, some states could face smaller gains or declines.

North Dakota, Wyoming, West Virginia, and Alaska are among the states that could see housing price declines with lower oil prices.

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