Another hit for home buyers...or not?

By
Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

OPEC has supposedly come up with an agreement to lower production.

Gas on the wholesale market went up a  dime.

Once again it is a small group that has come up with the doom and gloom of this story.

Homeowners that live close to work will not e affected much at all.

People in my area will see the increase but still better than a few years ago.

 

My thought is why are we worried, we are almost self sufficient when it comes to energy.  This should have little bearing on the cost of oil

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Rainmaker
2,132,882
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I understand that we now export more oil than we import.  However, oil is sold on the global market, and prices follow accordingly.

Nov 30, 2016 04:55 PM #1
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

It is always some type of game William. So typical of American companies.

Nov 30, 2016 06:21 PM #2
Rainmaker
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Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

I agree William Feela , living so close to an oil field I can assure you that the oil workers are excited about the upcoming presidency believing we will be in TOTAL control of our energy situation.

Nov 30, 2016 06:35 PM #3
Rainmaker
2,406,391
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning William.  I don't worry about much of anything.  Just an undue stress at my age that I don't need

Dec 01, 2016 02:51 AM #4
Rainmaker
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Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Can't worry about what you can't change.

Dec 01, 2016 03:28 AM #5
Rainmaker
4,196,647
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning William.  I hope that OPEC implodes and goes away soon.

Dec 01, 2016 04:28 AM #6
Rainmaker
1,924,010
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I haven never really paid much attention to it, but it seems that gas prices have been around $2/gallon in my area for a while and I enjoy it.

Dec 01, 2016 07:23 AM #7
Rainmaker
563,212
Vern Eaton
Askov, MN
Realtor 651-674-7449

I undestand that oil may be low for the cost of drilling and pumping.  Just so it doesn't get into triple digets again

Dec 01, 2016 08:35 AM #8
Rainmaker
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning William. The only thing I know is things will be what they are.

Dec 01, 2016 09:35 AM #9
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

If gasoline prices will stay within where they are now...I'll be happy. 

Dec 02, 2016 01:40 PM #10
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

The main oil men paid a lot for this election, they do need to concentrate on recharging their wallets now.

Dec 05, 2016 11:29 PM #11
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Rainmaker
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William Feela

Realtor, Whispering Pines Realty 651-674-5999 No.
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