The Wall Street Journal just featured the Permian Basin as one of America’s hottest labor markets. This oil boom we are experiencing is like nothing seen before. Shale drilling/crude production has made the Permian Basin, including Odessa and Midland the nation’s hottest oilfield, the Journal reported. Workers are flooding in and this has created opportunities for service and other businesses. Last year, the Midland-Odessa job market was the hottest of all job markets in the country. We’ve seen the fastest job and labor-force growth. We’ve got nearly the lowest unemployment rates. Within three years, it’s expected that production in the Permian Basic will top five million barrels a day, which would exceed production even in Iraq.
The WSJ reported about a barber with a mobile barber shop. The barber parked in front of a local grocery store, hoping to catch oil field workers between shifts. That brilliance panned out. He ended up getting five barbers to cut hair all day long. When you include tips, these barbers made between $130,000 and $180,000 a year! Each barber ends up doing about 20 cuts a day!
Restaurants and bars see a constant surge of customers. There are so many new people coming in that some school districts are looking into building duplexes to rent out to teachers. Help is wanted all over. If you’ve considered selling your Midland home, now is the time.
Are You Buying a Home in Midland?
The Underwood Group is a team of top real estate professionals in Midland. We know Midland real estate, so if you’re thinking about buying with this kind of market, you’ll absolutely need our expertise. Call our team of Midland real estate agents at 432-698-0411 today.
If you’re looking for a new home, search by school district or search Midland real estate listings by price:
- Midland homes for sale between $150,000 and $200,000
- Midland homes for sale between $200,000 and $225,000
- Midland homes for sale between $225,000 and $300,000
- Midland homes for sale between $300,000 and $400,000
- Midland homes for sale between $400,000 and $500,000
- Midland homes for sale between $500,000 and $750,000
- Midland homes for sale between $750,000 and $1 million
- Midland homes for sale over $1 million
Hoping To Sell A Home In Midland?
It won’t be hard to sell your Midland home, but when you choose to list your house with us, our experience can help ensure that you get the highest return on your investment! Plus, Midland 1st Choice Real Estate offers a Free Market Analysis to clients. This free analysis provides our clients with the best comparative value by looking at similarly featured home recently listed and sold.
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