The question was specifically asking about the market in NW Oklahoma City. Not the entire market. Although, the greater Oklahoma City market is percieved as "recession proof" and beyond the influence of the current down-trend in the national market, I think the relatively new NW Oklahoma City market does have some specific characteristics which still make it a safe bet to buy there.
- Some of the housing neighborhoods are in the Edmond school system and therefore will be desired property.
- The new expansion of businesses and the "new model" for American shopping of large chain store surrounded a central mall area will continue for at least the next decade to be an area of growth and there will be no real marked decline in this area for the coming future. Personally, I think another model of "downtown shopping and business" is coming back and if Oklahoma City planners have thier way, the downtown area housing values will drastically increase over the next two decades.
- The new housing developments (particularly golf course living) are not cutting corners and the new developments continue to be well designed, planned, and executed place to live.
- Where I do foresee negative growth are areas between downtown areas and new surbuban-countryside development. In other words, the late 70-80's neighboorhoods which have no proximity to either new business and shopping, planned revitalization areas, or downtown (within 10 min walk)