Thursday, January 27, 2005

A Record New Housing Boom In The Tulsa Area

KOTV

The Homebuilders Association of Greater Tulsa says more than 4,200 homes were built in the Tulsa area in 2004.

The biggest boom was in Broken Arrow, where 686 new homes went up. Owasso saw 538 new homes and 527 new houses were built in Tulsa.

News on 6 anchor Terry Hood says while the rest of the economy is finding its feet again, the Tulsa area housing market has never been stronger, thanks to historic low interest rates.

Anna Hollinger has sold over $40-million worth of property in the past two years. She says most of the houses she sells are custom built, by folks who want to stay in the area, and know exactly what they want in a home.

And while luxury homes are going fast in midtown and south Tulsa, smaller homes in the suburbs are selling well too. Brad Emmons and his family have already moved into a new house near Owasso, even though construction crews are still putting on the finishing touches. He's lived in Tulsa for years, but said his new home is just what he was looking for to accommodate his growing family. "We still plan on growing our family, 2, 3, 4, 6, and 10. We haven't decided, but we'll have more than enough home for how many we want to go with."

Brad says the time has never been better to buy a house, and contractors and realtors agree. They don’t see an end to the boom anytime soon.