Oklahoma has received a vast amount of positive attention in the past year for its recession-proof atmosphere, strong economic climate, and low unemployment rates. Fortunately, the spotlight has yet to fade, with BusinessWeek naming Oklahoma City the third strongest US metro of the country's 40 top metros.
The article reports that the factor that unites America’s strongest economies is the fact that the home prices in the mentioned areas never got too high or too low.
The report accredits Oklahoma City’s success to steady home prices in addition to obtaining a number of successful oil and gas industries. The article cites companies such as Devon Energy Corp. and Chesapeake Energy Corp., as being accountable in large part for the booming oil and gas industry in Oklahoma.
Additionally, the report makes note of Oklahoma’s strong consumer spending, rising home prices, Gross metropolitan product, and unemployment rates.
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