It is football season, but these rankings are for gains in housing values, not football. According to the Office of Federal Housing’s Enterprise Oversight Home Price Index, the State of Oklahoma led the nation in home appreciation for the period ending June 30, 2008.
Home prices in Oklahoma rose 4.9% in the second quarter compared with the second quarter of 2007. Nationally, values fell 1.7% during the same period.
Oklahoma’s home prices increased primarily because of the two strong markets in Tulsa and Oklahoma City. In fact, Tulsa ranked 10th in the U.S. among metro areas, with an increase of 4.87%. Oklahoma City ranked 17th, with an increase of 4.68%.
“Oklahoma is very fortunate. This is the eighth straight year we are seeing steady increases in home appreciation,” said Sam Rader, chairman of the board of Tulsa-based Coldwell Banker Select. “We have continued to see slight but steady growth during these uncertain times for other markets.”
For more information contact me at slaunchbaugh@cbtulsa.com
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