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Oil prices dropping - Could it stop the Exxon hysteria in the Woodlands
Posted on 12/19/14 at 11:38 am
Posted on 12/19/14 at 11:38 am
Homes prices skyrocketing but something tells me the party is over....
This post was edited on 12/19/14 at 11:40 am
5
Posted on 12/19/14 at 11:44 am to CharlesLSU
Yeah.... Exxon isn't going anywhere.
Posted on 12/19/14 at 11:48 am to Big Saint
But I suspect new hires (particularly oil service companies hitched to Exxon ) will be halted......
Posted on 12/19/14 at 11:50 am to CharlesLSU
Much will depend on HOW LONG prices remain low.
Anyone hearing about lay offs in Texas and Louisiana yet?
Anyone hearing about lay offs in Texas and Louisiana yet?
Posted on 12/19/14 at 12:00 pm to Blakely Bimbo
I know smaller companies in Laff have already started letting guys go. I know Hal and SLB have frozen all hiring and will be reevaluated at 2ndQ.
Posted on 12/19/14 at 12:04 pm to Blakely Bimbo
quote:
Much will depend on HOW LONG prices remain low.
this is the key and whatever anyone says nobody really knows at this point
Posted on 12/19/14 at 1:07 pm to CharlesLSU
The size of that complex, and the amount of people being moved there, is massive.
I could see new hiring freeze... but the pure number of current employees they are moving there is enough to affect the market.
I could see new hiring freeze... but the pure number of current employees they are moving there is enough to affect the market.
Posted on 12/19/14 at 3:19 pm to LSUFanHouston
Yea....but made a few layoffs and spooking some folks may keep them in Katy/Kingwood/etc. Besides, I think last year was the huge push. Least I hope.
Posted on 12/19/14 at 5:32 pm to CharlesLSU
Most of the home buying from the exxon move should be done or winding up.
Posted on 12/19/14 at 8:04 pm to HurricaneDunc
If the price of oil stays low for 18 months then watch out. Highly doubt that happens.
Regarding home prices in the area there is still a shortage of homes for new buyers. Prices will level/deflate 6 months from now, but this ain't no bubble that is scheduled to pop.
Its also not just Exxon but other companies putting roots down in TWL. Hughes landing has a ton of office space scheduled to open soon.
If you want to be in the area I suggest you wait Til the grand parkway opens to 59. That will take a lot of pressure off 45. Traffic will become reasonable.
Regarding home prices in the area there is still a shortage of homes for new buyers. Prices will level/deflate 6 months from now, but this ain't no bubble that is scheduled to pop.
Its also not just Exxon but other companies putting roots down in TWL. Hughes landing has a ton of office space scheduled to open soon.
If you want to be in the area I suggest you wait Til the grand parkway opens to 59. That will take a lot of pressure off 45. Traffic will become reasonable.
Posted on 12/19/14 at 8:24 pm to cjared036
quote:
Hughes landing has a ton of office space scheduled to open soon.
Repsol just bought Talisman, pretty sure they are both in that area
Posted on 12/19/14 at 8:46 pm to CharlesLSU
Prices have been stable for over a year. Certainly aren't skyrocketting. Can still buy for less than you buy per sqft in BR.
Posted on 12/20/14 at 10:25 pm to CharlesLSU
The housing market will slow, just like in Katy. I suspect that the pricing will slow but not take a dip. More holding steady but longer in the market. Exxon folks will still be moving up there as they continue to move people into those offices from other areas.
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