The housing market continues to expand, and surprise.
photo © 2008 Jeff Turner | more info (via: Wylio) At lunch today the subject of short sales and foreclosures in Oklahoma City came up. The question was what percentage of our sales are short sale or foreclosure properties. So I ran the numbers. This year (through October), 853 sales out of 12,971 in the […]
Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide.
Remember, it wasn’t too long ago that most builders were flush with home inventory, unable to find willing buyers. To help move product at that time, builders dropped prices and offered incentives including free upgrades. If confidence continues to sag going forward, home purchase deals of that nature may return — especially as the foreclosure market gets larger.
U.S. new-home sales fall record 33% in May – Marketwatch By Rex Nutting WASHINGTON (MarketWatch) – Sales of new homes plunged a record 33% in May to a record-low level after a federal subsidy for home buyers expired, according to data released Wednesday by the Commerce Department. Sales dropped to a seasonally adjusted annual rate […]
Oklahoma City — Rent or Buy? I read a blog post from Lani Rosales of AgentGenius Magazine this morning titled “Trulia’s Top 10 Cities to Buy vs Rent and Rent vs Buy”. I was shocked to see Oklahoma City listed as number 6 on the list of best cities to rent versus buy a home. […]
Does anyone know where the real estate market is heading now? It turns out this can be a very confusing question. A recent post by Greg Cooper on AgentGenius was enlightening to me. So let me see if I understand correctly… Foreclosures are down slightly but by some accounts the numbers of loans that will […]
I sell primarily in what would be considered the Oklahoma City ‘active adult, 55+’ demographic. It’s been slow… What’s that mean? If you can buy now, there are some terrific deals to be had! This is apparently a national fact. The National Association of Homebuilders quarterly survey of its’ builder members reported. From RISMEDIA: RISMEDIA, […]
Reuters just reported this afternoon that Senate Democrats have reached a deal to extend the first-time homebuyer credit. Senate Banking Committee Chairman Chris Dodd reports the agreement reached. The leading Republican on the committee, Senator Johnny Isakson, only says “we’re close”. The popular tax credit, which has helped lift the housing market out of its […]
Oklahoma City’s mayor, Mick Cornett appeared on Bloomberg Television yesterday to showcase Oklahoma City’s local economy and how we’re handling the economic downturn. He also commented on our local real estate market, both residential and commercial, explaining that because our local home prices didn’t soar to the high levels seen in other markets, Oklahoma City […]