- Houston, Pittsburgh and Calgary are feeling the pain in their office markets, but Denver and Dallas are doing fine.
- Despite office market softness, Houston and Calgary’s other property types are in good shape and Houston is still anticipating positive overall job growth in 2016.
- Households are enjoying savings from lower gas prices that almost equal the rebates of the 2008 Economic Stimulus Act.
- Low oil prices help the economy more than low interest rates help homeowners.
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