The Texas housing market had a record year in 2014, and much like its predecessor, 2015 is set to start off strong.
Jim Gaines of the Real Estate Center at Texas A&M University, said the drop in oil prices, however, could take a toll on the market.
“There is no doubt there will be an impact there, and it will be generally downward,” he said.
He did say there are some offsetting factors such as growth in healthcare and technology services.
Gaines also said College Station will be less vulnerable to the oil price impact because of the city’s connection with Texas A&M University.
Click below to hear Jim Gaines visit with WTAW’s Chelsea Reber