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Housing to Recover Quickest in OK...

By
Real Estate Agent with 405home @ ERA Courtyard 148333
There's a mantra that I regularly find myself reminding people of in our area, and it goes something like this; "Real Estate is local, local, local." The purpose is to remind people that our local real estate market is typically VERY different from the real estate market they're hearing about on TV. RISMEDIA's recent article outlining "5 States Where Housing Is Predicted to Recover the Quickest" reinforced this premise:
Housing will rebound moderately in 2011, economists at the International Building Show here are predicting, and should gain even more steam in 2012. But the recovery in home building and home sales will vary widely from one part of the country to another...
They went on to point out some of the things that got Oklahoma on this list:
  • Home prices in the Sooner State fell just 2.3% from peak to trough
  • mortgage delinquencies are 2.9%
  • Unemployment is 6.9%
So, remember to keep your head clear of the doom & gloom that the national media is reporting, and get the local numbers before making a decision in regard to your next move.


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**Originally posted on the ShowMeOKC Real Estate Blog, where you’ll find out more about Oklahoma City, Edmond, Moore, and beyond.

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Comments (1)

Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Ryan:  That is just great news.  I am so glad for you, and for all of the folks in Oklaloma.  When folks live in a nice, stable area... where the rise in property values is nice and gradual... there is no "bubble" to burst.  Stability is a good thing.  <smile>

Jan 22, 2011 07:24 AM