Tulsa-Oklahoma City Home Values Rated Strong

Wednesday, January 21st 2009, 9:40 am
By: News On 6

Associated Press

OKLAHOMA CITY (AP) -- The web site Forbes.com rates Oklahoma City and Tulsa's housing markets among the Top 25 in the nation.

The business news web site says no metropolitan area in the nation is expected to see home prices increase before the end of this year and says the strongest markets will be flat at best.

But Forbes used information from Moody's Economy.com and says home values in Tulsa will fall by just 1.1 percent this year and by 2.8 percent in Oklahoma City.

Read Forbes story: America's 25 Strongest Housing Markets 

Moody's looked at metro areas with populations over 500,000 to find those closest to recovering from the housing slump.

The forecast calls for the Tulsa housing market to bottom out late this year and the Oklahoma City market in late 2010.