Oklahoma
is No. 1 in home value gains – at a time when homeowners in most of the country are wondering what hit them in their home equity.
The
Sooner
State
led the nation in appreciation, first among the 50 states, for the period ending June 30, the federal government said recently.
Values in
Oklahoma
rose 4.9 percent in the second quarter compared with the second quarter of 2007, according to the Office of Federal Housing Enterprise Oversight Home Price Index. This compares to a national decline of 1.7 percent during the same period. The purchase-only index fell 4.8 percent over the year, the agency reported.
Oklahoma’s increase was driven by the Oklahoma City and the
Tulsa
markets.
Tulsa
ranked 10th among metro areas, with an increase of 4.87 percent.
Oklahoma City
ranked 17th with an increase of 4.68 percent.
Quarter to quarter, Tulsa values increased 0.91 percent and
Oklahoma City
values increased 1.87 percent, the federal agency reported.
The federal agency’s main index tracks all transaction, purchases as well as refinances. The new numbers echoed second-quarter statistics from the National Association of Realtors.
The Realtors reported that Oklahoma City and
Tulsa
were among 35 metro areas that showed gains in median home prices in the second quarter. |
