Marcus Hiles On Why Houston Will Have Record-Shattering 2017

Within two months of the Organization of the Petroleum Exporting Countries’ (OPEC) historic agreement to stabilize the market by cutting crude oil production for the first time in the past eight years, Marcus Hiles notes that per-barrel cost has nearly doubled after slipping to a low of $26 in February of the previous year. In Greater Houston, the center of U.S. oil production, the deal has boosted the industry’s recovery from a two-year downturn and spurred regional marekts. Texas real estate expert and CEO of Western Rim Property Services Marcus Hiles, the state’s largest affordable upmarket property developer, expects that as Houston’s energy companies continue to hire and grow throughout 2017, areas throughout the metro region will see higher employment rates and corresponding wage increases.

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