REAL ESTATE & Appraisal Management
Tulsa, Oklahoma has been a relatively stable market over the years, and is economically driven by agriculture, oil, and gas, with economic benefits stemming from the healthcare and aerospace industries. According to the US Department of Housing and Urban Development, these two industries accounted for 111,000 jobs and an annual economic impact in 2016 of $14 billion. Though the oil and gas industries driving this market have fluctuated in recent years, the agriculture, healthcare, and aerospace industries have provided stability in the economy, which in return has led to increased stability in the housing market as well. According to the Greater Tulsa Association of Realtors, housing inventory rose 2.49% since February 2016, the average sales price rose 8.19%, and the average number of days homes spent on the market dropped 4.42%.
Expert Opinion of Matt McCormick
Matthew McCormick has been an appraiser for the past 15 years, and was first introduced to the business in college. Matt attended the University of Oklahoma, graduating with a degree in Petroleum Land Management. After graduation, Matt began working for a company in Tulsa, Oklahoma where he performed title work, title opinions, negotiations, and acquisitions. After having his home appraised and discussing the profession with the appraiser, Matt knew this was a business he wanted to be a part of. Over the years Matt has worked in many different avenues of appraising, including pre-foreclosures, probate, REO, direct lender work, AMC work, and market value work for realtors and private parties. Matt primarily works in Tulsa, OK and the surrounding counties, and enjoys the complexities the market brings. From custom properties in rural areas to waterfront homes on the Corps of Engineer lakes, assignments can become complex very quickly. As a result, the most important component of being an appraiser according to Matt is constant education of the market and what it has to offer.