Oklahoma tops the list of housing markets making a comeback

A recent Zillow Real Estate Market Report found nine housing markets throughout the United States have reported significant growth in year-over-year home values from October 2010 to October 2011. The success of these markets suggest the monthly depreciation of home equity might be nearing bottom, giving hope for the other markets.

Of the top nine housing markets in the country, Tulsa, Oklahoma, produced the highest year-over-year home price gain of 6.2 percent, with an average home value of $101,000 in the area. Behind Tulsa was Oklahoma City, Oklahoma, which saw its home prices increase by 3.1 percent. Of the top nine markets, half were in the Midwest, illustrating how that region of the United States felt the real estate boom and subsequent burst less than other parts of the country.

Further offering optism for an economic turnaround, Bankrate's December Financial Security Index reported an overall increase of 3.3 points to 95.8, the highest level seen since June's score of 97.8. The report showed American's feeling of financial security improved in all components measured by the index: job security, savings, debt, net worth and overall financial situation.

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