OKC on the list of cities with fewest underwater homeowners

[bandnerd]

From MSNBC

"8. Oklahoma City, Okla.
Percentage of homes underwater: 5.71
12-Month home price change: +0.83 percent
Unemployment: 5 percent
Homes built since 2000: 15.8 percent
Oklahoma City was rated by Forbes as the fourth best city to buy a home, citing the region’s good conditions for employment. Among the 372 Metropolitan Statistical Areas in the U.S., Oklahoma City has the 11th lowest unemployment rate, at just 5 percent. According to NewsOK, despite the relatively good condition of the local housing market, regional officials are still thankful for the changes to the Affordable Refinance Program."

Read entire article here:

[ljbab728]

That's not a big surprise given that OKC hasn't experienced the boom and bust cycle so evident in other parts of the country.

[Maynard]

Interesting that many folks' property taxes went down this year in Oklahoma County (as did their home value).

[windowphobe]

Mine went up about twenty bucks, despite a $900 (trivial, really) decrease in assessed value; the tax rate in my particular district rose by three mills. (The Cap Gap ceased to exist, for me anyway, last year.)