I found an independent source that confirms my thoughts on investing in Tulsa real estate. Is it time for you to call me?
Tulsa and Oklahoma City named top two markets nationally for real estate investors
By Darren Currin
Columnist Darren Currin writes the blog “Oklahoma per Square Foot.” See his and all our blogs at journalrecord.com/blog-hub.
Posted: 01:50 PM Wednesday, October 6, 2010
Oklahoma’s real estate markets are once again in the national spotlight. This time Local Market Monitor, Inc. has listed Tulsa and Oklahoma City as the top two markets for conservative residential real estate investors. Tulsa was ranked as the number one market and Oklahoma City was ranked number two.
According to the Wall Street Journal, the Cary, North Carolina-based firm analyzes trends for lenders, builders and investors and is known for using “equilibrium” home prices, which are what home prices should be in relation to population, job growth and income. Additionally, the list excludes towns with less than 200,000 residents and focuses more on price-appreciation rather than rental income.
The top markets on the list such as Oklahoma City and Tulsa are considered by Local Market Monitor, Inc. to be places where there is a positive three-year forecast, employment is stable and only a small number of jobs reside in highly volatile industries. As a result, these markets are ideal for conservative investors seeking price stabilization.
Here is the full list of top 10 conservative metro areas:
- Tulsa, Oklahoma
- Oklahoma City, Oklahoma
- San Diego-Carlsbad-San Marcos, California
- Albany-Schenectady-Troy, New York
- Indianapolis-Carmel, Indiana
- El Paso, Texas
- Winston-Salem, North Carolina
- Cincinnati-Middletown, Ohio-Kentucky-Indiana
- Worcester, Massachusetts
- Louisville-Jefferson County, Kentucky.-Indiana
Here is their list of the top 10 most dangerous metro areas:
- Ocala, Florida
- Lakeland-Winter Haven, Florida
- Reno-Sparks, Nevada
- Orlando-Kissimmee, Florida
- Deltona-Daytona Beach-Ormond Beach, Florida
- Port St. Lucie, Florida
- Las Vegas-Paradise, Nevada
- Boise City-Nampa, Idaho
- Prescott, Arizona
- Cape Coral-Fort Myers, Florida
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Here is the story as written by the Tulsa World.