Although the OKC & Edmond real estate market stands out as one of the best-performing in the country, we’re not alone in what appears to be a gradual recovery of the real estate industry. We didn’t experience the bubble burst that many larger markets did and now there are signs that those larger markets may […]
OKC Home Buyers Update
July 16, 2009 by
I’ve been saying it for a while, and the proof’s in the pudding… June was a HUGE month in Oklahoma City metro real estate. Believe it or not, we closed more homes June of 2009 than we did in June of 2008, and the median home price is even with last year, in a time […]
Pending Home Sales Continue to Climb
July 9, 2009 by
Some of this info may be boring, and the speakers in the video could use some flair, but overall the gist is that, according to the NAR, pending home sales have recorded a gain for each of the past 4 months, which is a trend that hasn’t been recorded since 2004. Great news for our […]
OKC Among Top-10 Housing Markets
July 7, 2009 by
Am I beginning to sound like a broken record? Yet another report was just released, highlighting the Oklahoma City housing market as one of the best in the country with great opportunity for growth. These top markets, where home values are expected to remain level, are among those markets that did not have a big […]
Foreclosures on the Decline in Oklahoma
June 18, 2009 by
News 9 reported earlier this week that foreclosures are on the Decline in Oklahoma, and nationally. We’ve weathered that storm pretty well all along, as evidenced by this tidbit: In Oklahoma, one out of every 1,851 homes faces foreclosure in May, compared to the national rate of one in every 398 homes While the ‘experts’ […]
Mortgage Rates Reach 7-Month High – Are You Gambling With Your Buying Power?
June 16, 2009 by
About 2 months ago, we started warning our clients that rates were at an all-time low and wouldn’t stay that way much longer. From that advice, we got two very different types of reactions: Some buyers acted quickly on that advice and took advantage of rates in the mid 4% to lower 5% range. Other […]
Is The End Near?
June 12, 2009 by
…the end of the recession? According to “nearly 90% of economists,” it may be, but it’s not just the economists who’re taking on a more positive outlook: Americans seem to believe that things are getting better too. The Conference Board’s Consumer Confidence Index rose 14.1 points in May to 54.9, the second month in a […]
Home Sales on the Rise; Not Just Locally
June 4, 2009 by
It’s no secret that we’ve been more-than-busy the past few months but, while strength in the Edmond/OKC real estate market is great for us in OK, we can’t really begin to feel 100% confident that it will continue until we see consistent signs of a recovery on the national scene. The good news though, is […]
Home Affordability Hits 18-Year High
May 27, 2009 by
While ‘Affordability’ is a relative term, there is apparently an index that tracks home affordability and, according to that index, Home Affordability Just Hit an 18-Year High. Could this be the reason I see younger people buying their first home than I’ve ever seen before, or could it be the Home Buyer Tax Credit? My […]
When Economic Recovery Comes, Home Prices Will…
May 20, 2009 by
The question of when economic recovery will come can be debated all day long, and I may be more optimistic than others, as there are still credit struggles aplenty; and it’s not only the end consumer that’s facing tougher credit guidelines. However, I believe those same credit struggles that are making things tougher will make […]
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