As I type this, the price of oil is right at the $40 mark. In November of 2014 I recall being told by people who have lived through more than one boom that it will be back over $80.00 by Summer. Well, the Summer is quickly coming to an end and it’s sinking lower. What does this mean for Western North Dakota? This year saw quite a few job losses in the oil sector, that’s true. In fact according to state employment data released by the Labor Department in June, North Dakota saw the worst monthly percentage drop in employment in May, 1.1%, of any state. [Read more…] about Are Lower Oil Prices Leading to Lower Rent Prices in North Dakota?