An Economic Primer and Forecast from Professor Mike Walden
NC State SCRC
OCTOBER 26, 2016
Prices went up again until 2014, and then dropped again due to hydraulic fracturing technology, which allowed drillers to find oil in new places that were unattainable previously. Housing prices also had a boom, which ran its course, and a dramatic drop-off on housing prices, which dropped by one third after doubling between 2006-2010.
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