Oklahoma City, Tulsa added to federal house price index

The Federal Housing Finance Agency expanded its quarterly purchase-only house price index to include the 75 largest metro areas in the country, providing another way to compare changes in Oklahoma's two largest cities with others.
by Richard Mize Published: June 15, 2013
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Here's a little inside baseball for home price stat followers.

The Federal Housing Finance Agency has added 50 large metro areas, including Oklahoma City and Tulsa, to its quarterly purchase-only house price index.

This index includes purchase prices only — not appraisals for refinancing — and now, with the expansion, it provides another way to compare Oklahoma's two largest metro areas with others in the top 75.

Here's the lowdown, from the first quarter:

Oklahoma City home prices were up 0.74 percent over the quarter, up 5.35 percent year over year, up 8.27 percent over the past five years, and up 111.98 percent since the first quarter of 1991.

Tulsa home prices were up 1.37 percent over the first quarter, up 3.18 percent year over year, up 3.65 percent over the past five years, and up 94.11 percent since the first quarter of 1991.

Those five-year figures stand out to me: Home prices up in Oklahoma City 8.27 percent, and up in Tulsa 3.65 percent. What housing slump?

For Twitter, Facebook, backyard fence and other gossip purposes, here are changes for the same times in other metro areas in this part of the country, plus one or two others:

•  Austin, Texas: up 1.09 over the quarter, up 6.94 percent over the year, up 10.66 percent over five years, and up 196.83 percent since 1991.

•  Charlotte, N.C.: up 4.07 percent over the quarter, up 8.09 percent over the year, down 8.13 percent over five years, and up 79.42 percent since 1991.

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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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