Tulsa-Area 'Parade Of Homes' Benefits From Improved Housing Market
TULSA, Oklahoma - The local housing market is turning around. One need only look to this year's Parade of Homes for proof.
Construction of new homes is up 27 percent from last year and more homes than ever are on the tour.
With low mortgage rates, affordable prices and a variety of choices, the Home Builders Association of Greater Tulsa says the market hasn't been this good since 2008.
Adam Curran built a million-dollar home near 81st and Highway 75. It's one of 156 homes in 12 different cities on the tour.
The Home Builders Association thinks its members will be closing on more homes this year.
"The market here has improved dramatically," said Parade of Homes Chairman Allen Jenkins.
Jenkins said the market is rebounding with years of pent up demand, so now is a great time to buy a new home.
"The interest rates are still at a record low. Tulsa has one of the highest appreciation rates of homes in the country, as well as some of the most affordable homes in the country," he said.
Jenkins said Tulsa was in a slump, but luckily never hit rock bottom.
"Tulsa never really did get completely as bad as some of those east-to-west coast states," Jenkins said. "We just kind of remained neutral, but we are definitely improving."
Curran and 57 other builders are participating in the tour this year. If you're looking to buy a home, he said it's a great chance to ask questions, meet builders, find out about different communities and see what's right for you and your family.
The Parade of Homes is free and it's June 15-23. Homes range from $120,000 to $1 million, and they're open daily from 1-7 p.m.
You can pick up a guide for 50 cents at local Quik Trip locations.