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Wed September 12, 2007

How the home price boom became unsustainable

Related Information
In Oklahoma
• The number of owner-occupied homes in Oklahoma grew by 3.5 percent between 2000 and 2006, new census figures show. About 950,000 housing units were occupied by the owner in 2006. That number is up from about 918,000 in 2000. The 2006 numbers mean about 69 percent of all Oklahoma housing units are owned, rather than rented.

• Median home values increased significantly in every state before the housing market started to slump last year. The median home values for Oklahoma in 1990 was $47,600 and in 2006, $94,500.

From Staff and Wire Reports

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