From Forbes.com:  Trulia says that home prices do tend to follow oil prices in major cities, but with a significant lag — roughly two years, historically. In other areas of the country, falling oil prices tend to encourage home ownership, since the cost of driving, heating a home and other activities will fall. In short, the oil price drop shouldn’t have much of an immediate impact on major cities with oil industries, like Houston, Oklahoma City and Tulsa.

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