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