Items Tagged with 'oil and gas'


  • Minnesota man gets 10 years for housing fraud involving North Dakota fracking workers

    Told investors he planned to build indoor RV parks for oil workers
    A Minnesota man will spend the next 10 years in prison after being convicted of stealing more than $2.1 million from investors by promising them he planned to build and develop alternative housing for oil workers during the height of the shale drilling boom in North Dakota and Montana.
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  • Fitch: Texas homes overvalued by 10% to 15%

    Decline in oil prices amplifies rising home evaluation
    Rising home prices in Texas continue to grow at a more rapid rate than income growth, creating an overvaluation of 10% to 15%. After about several years of consecutive price increases, the market in Dallas became overvalued in 2014, and in Houston 2013.
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  • This new map shows where investors face greatest risk of fracking earthquakes

    USGS: 7 million live in areas with elevated risk of 'human-induced' earthquakes
    Fracking also presents a number of risks for lenders, servicers, investors and other mortgage market participants. One of those risks is an increase in earthquakes, and a new report from the USGS details the areas of the country that are the most at risk for "human-induced" earthquakes.
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  • The 8 states most at risk of a housing crisis

    Oil and gas producing states rank high in riskiest states for consumers, lenders
    The plummeting price of oil puts some states at a much higher risk of a housing crisis, a new report from Arch MI found. Arch MI’s report found that the eight states in the “Energy Patch,” which are states that produce coal, oil or gas, are the most at risk of seeing a price decline in the next two years.
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  • Is fracking about to bust housing in North Dakota?

    New residential units sit empty as gas production falls
    As shale production and oil prices fall, areas that once saw rapid development and explosive growth because they rested on top of shale formations, are now facing a new problem – a glut of empty houses and apartments. What will become of shale-boom housing?
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  • How badly will low oil prices impact home values?

    HouseCanary and Goldman Sachs weigh plummet in prices
    With oil prices trending down again, the impact of the oil’s new normal will soon be felt throughout the housing industry, especially in cities whose economy is dependent from oil and gas drilling. Where will the impact be felt the most?
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  • State of New York bans fracking

    Cuomo officially bans oil and gas extraction process for entire state
    Citing the potential for air and water pollution and "inestimable public-health risks," the state of New York has officially banned the oil and gas extraction process known as fracking. The move becomes that latest in an ongoing nationwide battle over fracking. Here's why it matters for housing.
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  • Should you lend in areas with fracking?

    Benefits to invest outweigh the negatives
    “This is not a short-term boom,” said Harry Weiss, of Ballard Spahr’s Environment and Natural Resources Group. "This is a many, many, many year process. Someday, somewhere, somehow you’re going to see it everywhere.”
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