Oil Biz Creating Jobs and Raising Home Values

A new report from the Federal Housing Finance Agency says that U.S. counties with a significant number of jobs in the energy sector have seen a rise in home prices that is unusual in this recession.

The study looked at changing home prices from 2006-2011 in energy-producing states. The Oklahoman says the way an "energy job" is defined is a bit problematic, in that the sizable number of white collar jobs in Tulsa created by the oil industry is overlooked (classified with "general management"):

"Home prices in counties with the higher energy employment outperformed the other counties in every state but Oklahoma. Here, high-energy counties saw home price gains of 4.8 percent while the other counties saw better gains of 5.3 percent."

Alaska, Louisiana, New Mexico, North Dakota, Texas, West Virginia and Wyoming are the other states the FHFA looked at, and they all saw a more significant increase in home prices in high-energy counties.

Full Story: Home price gains in Oklahoma's high-energy counties lag others in the oil patch


Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
Book cover of the Guide to Graduate Planning Programs 2012

Thinking about Grad School?

You need the essential resource for prospective planning students
Starting at $24.95