NAR statistics have just been released and home sales are down the largest percentage in 16 years. They reported an overall 8.7% drop. How has Oklahoma City fared through this "bursting of the bubble"? We have set records for January, February, and March in volume, units sold, and average price per home. This is even with enduring the worst winter in over 30 years! This has been accomplished in with a rapidly growing economy, low cost of living, and affordable housing that most people use regular financing for on a 30 year fixed mortgage. Quite a contrast to the overheated markets that required people to go to the sub prime lenders that now threaten the housing industry with record foreclosures. Oklahoma City is just on the average in this category. For once, steady and boring are good housing traits. All we do is appreciate on a gradual basis. So for the serious long term investor who is not a get rich quick and take a big risk person, this is the answer for the boom and bust cycle.