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Tag Archives: Midland

Home Market Soft in Midland in the Oil-Rich Permian Basin of Far West Texas

MIDLAND, Texas – Falling oil prices have walloped the single-family market in Midland, located the oil-rich Permian Basin of far West Texas. Residential foreclosures are up 40 percent over the last year and the inventory of homes for sale in Midland has more than doubled from 399 homes at the end of 2014 to 885 listings today, according to ProTeck ... Read More »

Residential Rental Rates Up 24 Percent in Oil-Rich Midland, Texas

MIDLAND, Texas – Residential rental rates have risen 24 percent in the last year in Midland, due to high demand generated by the energy industry, according to the RealtyTrac housing data company. Midland is in the heart of the Permian Basin, a large formation in West Texas that leads the nation in drilling activity. The No. 1 gainer in residential ... Read More »

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