U.S. housing markets to watch in 2014

Texas and California led recovery of the market in 2013. What are the next hot spots to watch for? Here are five cities to keep an eye on.

Oklahoma City

2013 housing oklahoma city ok

Home prices didn't bubble as much as in other markets, and so prices didn't crash as hard, making this university town a place to watch in the year ahead, according to Trulia. The housing market in Oklahoma City peaked in 2009 and has lost only 1% of its value since then. And thanks to local employers such as Chesapeake Energy (CHK, Fortune 500), Dell, and the Federal Aviation Administration, Oklahoma City's jobs picture looks bright. At about 5.3% as of November, the unemployment rate is relatively low compared with the national average of 7%. Even though home prices have risen steadily, they're still affordable for most buyers. According to Trulia, about 75% of homes for sale are within reach of middle-income Americans.

  @FortuneMagazine - Last updated December 30 2013 11:39 AM ET
Join the Conversation
More from Fortune
11 biggest business scandals of 2013

From the NSA leaks to the horse meat in Ikea meatballs, 2013 was an eventful one on the scandal front.

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.