Jerry Giordano: Tulsa's GO TO GUY for Real Estate.
US News and World Report:
Tulsa's rate in 2010: 19.2 percent, up 2.2 percentage points from 2008). The oil and gas sector was an albatross in the 1980s, when Tulsa suffered from a severe energy bust. But in recent years energy (along with healthcare, aerospace, and government) has helped sustain Tulsa's economy. Employment and economic growth are much better than national averages, and unlike in other cities, most big construction projects have stayed on track. With new buildings coming online, the overall vacancy rate will stay high until the economy fully rebounds. But it will worsen only slightly in 2010 and probably start to improve by 2011.
It sounds to me like we are well on our way. But, since there was never a bubble to burst, it may take some time to get traction under our local housing market.
Either way, it's much better than most of the rest of the country!
