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Neighboring states outpace Oklahoma home price appreciation

Considering the housing booms and busts in most big cities in the region, the first-quarter stats from the Federal Housing Finance Agency aren’t surprising.
by Richard Mize Modified: May 31, 2014 at 10:00 am •  Published: May 31, 2014
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Four of the six neighboring states bested Oklahoma in home price appreciation from the first quarter of 2013 to the first quarter of this year, according to the Federal Housing Finance Agency.

It sort of makes sense.

Colorado, up 9.34 percent: Denver and the Front Range took a big hit in the housing crash but have been in recovery.

Texas, up 8.19 percent: Texas, even the big cities, dodged the worst of the crash just like Oklahoma did, and now housing is rising on booming business and fast-growing population.

Kansas, up 6.59 percent: The Kansas City metro area dealt with a burst bubble and has been in recovery. Missouri, up 4.6 percent: St. Louis, same deal.

Oklahoma’s increase of 3.26 percent is in line with every other state statistic of housing the past decade: not too hot, not too cold.

We missed the bust, for the most part — although residential land development in the metro area did come to a standstill — so we had less to make up.

New Mexico, up 1.55 percent, and Arkansas, up 0.89 percent, brought up the rear in the region.

Nationally, prices increased 6.6 percent.

And there, dear readers, are the most interesting tidbits from the Federal Housing Finance Agency’s quarterly House Price Index, which tracks purchases only, not refinancings.

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by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
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