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A crude oil drill rig stands in the distance of a single family home under construction in Williston, North Dakota, U.S., on Monday, Feb. 13, 2012. North Dakota will hold its Republican presidential caucus on March 6. Photographer: Daniel Acker/Bloomberg

Oil slump weighing on housing markets in Texas, North Dakota

Home sales are down sharply this year in North Dakota and the West Texas cities of Midland and Odessa. Home sales have also slowed in El Paso, and, more recently, in Houston.
Homes in The Lakes of Cypress Forest subdivision on Thursday, April 11, 2013, in Houston ( Smiley N. Pool / Houston Chronicle )

Report: Texas housing more resilient to oil prices

Texas’ real estate market should be able to weather lower oil prices better than it did in the 1980s, but if prices fall further, the results could be much more dire, a Texas A&M real estate economist says.
A man walks back to his temporary housing unit outside of Willisburg, N.D. With what many are calling the largest oil boom in recent North American history, temporary housing for the huge influx of workers, known as "man camps, " now dot the sparse North Dakota landscape. (AP Photo/Gregory Bull)

Oil bust threatens mortgage-backed securities in Wall Street-funded shale towns

Wall Street analysts are poring over commercial-mortgage backed securities for signs of distress as the oil crash weighs on demand for real estate in energy hubs.
SolarCity employees install photovoltaic panels on the roof of a house in San Leandro, Calif. on Dec. 9, 2013. (Thor Swift/The New York Times via Redux)

Rooftop solar leases scaring buyers when homeowners sell

For people who own rooftop power systems, solar adds value to the home. Leased systems are another story.
Eight Greenspoint Plaza 
(Photo courtesty Jones Lang LaSalle commercial real estate)

Exxon Mobil sells Houston building

Exxon Mobil has sold an eight-story office tower near the North Freeway and Beltway 8.
The average rent for a small apartment in Williston, North Dakota is higher than in New York or San Francisco, according to Apartment Guide, and the fast growth has resulted in a shortage of retail offerings in the city, Stropiq executives said. (Daniel Acker/Bloomberg)

Shale boom lures developer for $500M North Dakota project

A Swiss developer is planning to build a $500 million real estate project in Williston, North Dakota, where a surging energy industry is leading to a population boom and rising property demand.
Workers construct an apartment building in Williston, N.D. A national study from Apartment Guide shows that the North Dakota oil patch city of Williston has the highest average rent in the country. (AP Photo/James MacPherson)

Little oil town has nation’s highest rents

The nation’s highest rent costs can be found in a small oil boom town where the average cost for a month’s rent in a 700-square-foot, one-bedroom pad can run $2,400.
Marathon Oil Tower at 5555 San Felipe (Chronicle file)

Marathon Oil Tower sold to LA firm

The 41-story Marathon Oil Tower in the Galleria area has been sold to a real estate fund affiliated with Los Angeles-based CBRE Global Investors.

Energy trading firm to anchor new Houston development

International energy trading firm Vitol will anchor a new development planned in the Upper Kirby District, a developer announced Tuesday.
(AP file photo/Mead Gruver)

Mineral rights get top billing in land sales

Not long ago you could buy as much ranch land as you wanted in South Texas, with the mineral rights to boot. After the Eagle Ford? Not so much.