Photo: Jeff Caldwell

Is the sun setting on Midland home price growth? Not according to Local Market Monitor’s forecast. (Photo: Jeff Caldwell)

Local Market Monitor‘s forecast for the Midland-Odessa areas show sustained optimism and growth for the next three years, with home prices growing 8 percent in both West Texas cities despite job losses in the area. The report, which covers statistics from Dec. 2014, states that both Midland and Odessa are considered “low risk” markets for investment, with prices expected to increase up to 10 percent year-over-year through 2018, increasing up to 30 percent in Midland and 26 percent in Odessa during that three-year period.

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