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Property Management Q&A – Property Managers and Fees

Timing the Bakken boom in North Dakota

For investors, North Dakota used to be known for its frigid temperatures and barren  landscapes, and also for the isolation many residents prized. Now an oil boom is quickly turning this into the hottest economy and real estate market in the US, and an international sensation. Local populations are doubling within just a few years, and are made up at least initially of migrant workers, mostly men, attracted by high-paying jobs. And while booms are known to eventually bust, the oil reserves in the Bakken region of the state are not expected to run out for a long time. Technology and agriculture are also major sectors contributing to the improving economy.

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