Oklahoma City realty: a 10-foot-tall bridesmaid with a good aim

by Richard Mize Published: January 5, 2013
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Whatever advances we make from here on out, it will be by our own hand (which includes ability to entice outside investment). We are, indeed, self-rising.

The annual survey of movers and shakers in commercial real estate development, brokerage and finance ranked Oklahoma City No. 36 of 51 “markets to watch” (up one spot) for investment prospects, No. 31 for development prospects (up one) and No. 30 for homebuilding prospects (up three spots).

Minimal price movements in housing got noticed. But Oklahoma City's recession-long relative stability in home prices got no mention — and probably has gone virtually unnoticed nationally because of the late wailing and gnashing of teeth that got so much media attention in the rest of the country.

“Oklahoma City home prices remain stable” in any other market but Oklahoma City is about as notable or newsworthy as “House doesn't burn” or “Store not robbed.” Besides, with only one big, national publicly traded homebuilder here — D.R. Horton Inc., based in Fort Worth — frankly, there's not much reason for Oklahoma City housing to be on anybody else's radar.

Now, here's our story in “Emerging Trends in Real Estate”:

“‘We will see a push in one tertiary market — Oklahoma City,' and ‘we are seeing many companies moving from the West Coast to Oklahoma.' As an energy industry leader location, Oklahoma City (No. 32, overall) moved up four spots in the investment prospect ranks.”

Not bad, actually, for a 10-foot-tall bridesmaid with a good aim, tolerance for a little bull, a liking for well drinks — and a hand-tossed, self-rising push on in real estate investment. (You're welcome for the extra cheese).

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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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