The Oklahoma Market with Ted Jones, Chief Economist for Stewart Title

 

Yesterday Kim and I went to the Edmond Board of Realtors luncheon at Oak Tree and were honored to hear Ted Jones speak about the market especially in Oklahoma! Ted has his PhD As a Chief Economist and works for Stewart Title.  His talk was very interesting and educational! Here are just a few things that he shared with us:

There’s no place, but up…

  • Interest rates are very low
  • More jobs (+.26% in Oklahoma in last 12 months, OKC added almost 11,000 jobs this past year)
  • Retail boom is just starting
  • Residential owning vs. renting a home
  • Entry level home buyers are returning
  • Inflation potential
Other interesting facts from Ted Jones:
  • Average Home prices have risen at 6% the past year.
  • Oklahoma has the lowest unemployment rate than anyone else, except when oil goes down.
  • Did you know realtors are one of the best sources of knowledge around?
  • Global outlook in our market is strong!
***I can email you a pdf of Ted’s presentation if anyone is interested!
Read more from Ted on his blog at … Blog.stewart.com/Ted

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