Trade organization includes more than 8,300 members

Joe Pryor, president of Oklahoma Association of Realtors, explains how his group predicts strong housing growth in most parts of the state.
by Paula Burkes Published: April 9, 2013
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Q: How is the real estate market in Oklahoma faring?

A: Overall, well. In 2008, we held the line on property values and had a market correction instead of the snowball effect of subprime mortgages taking down prime mortgages along with them in a price collapse. Our economy, which has become more diversified, has, along with the traditional Oklahoma industries of energy and agriculture, not only weathered the recession, but also come back strongly. Expectations for strong housing growth are not only in the two largest cities but also many median population areas that are under-inventoried for demand. We should expect robust new construction throughout the state, driven by our strong economy and the low interest rates available. Some pockets of the state, especially in the southeast portion, still have issues with higher unemployment and a longer road to recovery, but hopefully this can be addressed in the near future.

PAULA BURKES, BUSINESS WRITER


by Paula Burkes
Reporter
A 1981 journalism graduate of Oklahoma State University, Paula Burkes has more than 30 years experience writing and editing award-winning material for newspapers and healthcare, educational and telecommunications institutions in Tulsa, Oklahoma...
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