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Federal Reserve Bank of Dallas
Annual Report
Will Oil Decline Lead to a House Price Bust?
John V. Duca

The correlation between house prices and oil booms raises concerns because oil prices have fallen nearly as much from their 2014 peak (about 66 percent) as they did during the mid-1980s oil collapse (70 percent). That 1980s collapse preceded a long housing bust.

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John V. Duca, "Will Oil Decline Lead to a House Price Bust?" , Federal Reserve Bank of Dallas, Annual Report, pages 15-18, number 00012, 2015.
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