Oklahoma’s real estate rebirth

Oklahoma’s real estate rebirth“, written by Steve Bergsman, was syndicated by Lowe’s and Inman News to a national audience of real estate professionals on September 21.

What great publicity (and encouragement) for our local real estate market.

Here are some quotes from the article:

  • personal income growth at 8 percent is the fifth best in the country
  • unemployment is well below the national average
  • all sectors are showing job growth including construction, and the housing market is very healthy
  • [Oklahoma City and Tulsa] were in the top five in median price growth at the start of the year.
  • The Oklahoma City median housing prices jumped 6 percent, while Tulsa sported a healthy leap of 5.6 percent.
  • More than 50 of Oklahoma’s 77 counties grew in the last decade as overall population expanded by 8.7 percent to 3.75 million, according to Census Bureau data.
  • State revenues were up 15.5 percent over last year.
  • Construction job growth near the top in the country
  • Statewide residential building permits doubled since the start of the year.
  • “We didn’t have any evidence of a housing bubble, so we had no aftermath,” said Dan Rickman, a professor of economics at Oklahoma State University.
  • Although Tulsa, the state’s second-largest city, lost a bit of population during the past decade, down 0.3 percent to 391,906 from 2000 to 2010, the city added 2,943 jobs since the first of 2010, mostly led by the manufacturing sector.
  • Judging from the economy, it really looks like Oklahoma is OK, if not better.

What a great collection of real stats to remind us of how blessed we are to be in Tulsa, Oklahoma!

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