The association that represents all private mortgage insurers have just come out with their rankings for risk of depreciation. Oklahoma City is in the top five cities in the United States least likely to depreciate. I find these rankings to be significant because sometimes statistics can be a moveable feast based on what you are trying to assert. These people represent the companies that in the real estate market insure loans below 20% down. Therefore they judge a market by risk assessment and they better do their homework. In the 1980's when Oklahoma was experiencing the severe downturn brought on by the energy industry collapse, private mortgage insurers completely pulled out of Oklahoma due to excessive risk. I would think that some markets like Detroit will experience a pull out like we did. In is gratifying to know that twenty five years after the fall of Penn Square Bank, we have gone completely to the other end of the risk spectrum. With our positive cash flow for investors, and low risk of depreciation, I can say with certainty, this is one of the best places to invest in 2007 and 2008.