Video Of The Day: How Record Low Oil Prices Could Impact Real Estate
As oil futures dropped to 12-year lows in the first two weeks of the new year, US equities produced their worst start to a calendar year in history. As oil—and stocks—drop, the real estate industry could suffer along with it.
Markets dominated by the energy industry, like Houston and North Dakota, could see dramatic slowdowns in construction and leasing. Meanwhile the near-trillion dollar value worth of REITs—and their $6.2B in daily trading volume—could take a hit as well.
In our Video Of The Day, Bloomberg breaks down why you should care about the oil slump—and the effect this could have on countries, corporations and consumers.
To learn more about how oil prices are affecting the market, check out Bisnow's Third Annual Impact of Oil and Gas Event in Houston.