U.S. home price appreciation catching back up to Oklahoma's

Federal Housing Finance Agency's quarterly home price report provides great gossip fodder in Oklahoma.
by Richard Mize Modified: August 23, 2013 at 9:23 pm •  Published: August 24, 2013

Here's some Facebook/Turner Turnpike/bar bet/gossip fence fodder: the latest home price estimates from the Federal Housing Finance Agency.

Oklahoma home values appreciated 5.72 percent from the second quarter of 2012 to the second quarter of this year, counting only purchase prices and not appraisals for refinancing.

Tulsa saw an increase of 4.42 percent over the same period.

Not real surprising, and not nearly as notable as the 7.2-percent increase for the country as whole. It was one of the strongest quarters since the boom in the middle of the last decade. It added fuel to the housing-is-in-recovery story most of the rest of the country has been talking about.

However haltingly the economy is recovering, however many (rising mortgage rates) question marks (rising mortgage rates) and pesky doubts (rising mortgage rates) haunt the housing recovery, the bust is way behind us.

We're used to it, or should be — pretty good news, I mean. What was a sucking chest wound everywhere else was a bad case of the hiccups — a pretty bad case of the hiccups, admittedly — in Oklahoma.

Here are some stats from other metro areas in this part of the country, also from the FHFA's purchase-only index. Generally, the higher the increase, the bigger the slowdown the city is shaking off.

•  Dallas-Plano-Irving: up 8.72 percent.

•  Denver: up 10.23 percent.

•  Fort Worth-Arlington, Texas: up 6.72 percent.

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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