Posts Tagged ‘Housing’

(Part 4) High demand for housing and low demand results in steep prices

Saturday, January 24th, 2015

The boom in the oil industry has caused a shortage in housing in North Dakota. The result? In the last few years, home prices have surged. In 2013, homes in North Dakota sold for over $200,000, up from the average price of just over $160,000 in 2011.
It is not just the houses that have become more expensive; … Read More...

(Part 3) Oil Boom Leads to Housing Shortage

Friday, January 23rd, 2015

One of the areas of concern for people at the Bakken Region is the shortage of housing brought about by the sudden growth in the area’s population. The oil boom has attracted thousands of workers from out of state and the housing has failed to keep with the pace of the population growth.

Many of the workers have … Read More...