Becoming a homeowner in Midland, Texas, may get easier as more homes are at lower prices.

That may be because of the oil industry in the area.

“Oil price decline may impact Texas real estate,” @handsonreinvesting, a real estate investor, wrote on Twitter.

The Midland area has made efforts for affordable housing.

“When you think about what it takes for people to thrive, housing is such a vital component to allow individuals to really thrive,” Sharon Mortensen, president and CEO of the Midland Area Community Foundation, said on Second Wave Media.

Midland’s real estate market is cyclical to the extreme. The whole Permian Basin region is susceptible to boom-bust cycles thanks to its historic link to the oil industry. When the price per barrel is high, the price for a home often follows the same pattern. When oil prices dip, the price reductions start.

Midland has seen 28% of home listings with price cuts, with the median list in July being $330,050.

Realtor.com analyzed its July data, whose 45 cities across the top 300 largest showed an increase in the number of homes with price cuts.

“Housing is part of an ecosystem, and [there are] different players within that ecosystem,” said Grant Murschel, director of planning and community development for the City of Midland, on Second Wave Media. “Balancing that whole ecosystem is very challenging.”