Bust? What housing bust? - Jun. 26, 2007 (http://money.cnn.com/2007/06/22/real_estate/bust_what_bust/index.htm?postversion=2007062711)

Just wondering what some opinions are on this article. How long can OKC maintain this upward trend while the coastal cities seem to be in decline?

OKC's economy has always been somewhat counter-cyclical to the rest of the country. When oil & gas do well, OK benefits and everyone else suffers.

Also, OKC (and all of OK) really trailed the other markets in appreciate during the last 15 years and when I left there in '89, things were incredibly low. It's still one of the cheapest areas to buy a home in the country, despite the increases.

12% only looks good because the rest of the country is correcting after record run-ups. I can tell you that even with things getting soft in California, my house has doubled in price in the last 5 years... And it had gone up significantly for the few years before I bought it.