Partners,
I am offering a new service. It is the Farm and Ranch Locator Service. If you are looking for a cattle ranch, horse ranch or recreational/hunting property in Oklahoma, I can help you. I have a partnership with a ranch real estate broker in every county in Oklahoma. If it is for sale, I can show it to you, in Oklahoma. Call me or e-mail me and tell me what you are looking for. Fees vary depending on the services you require. We have 4x4 vehicles, and airplanes to help with the showings. Let me know what you need.
Friday, August 31, 2007
Saturday, August 25, 2007
Housing market slowdown not severe here.
Housing slowdown apparent locally, but nothing severe By ROBERT EVATT World Staff Writer 8/26/2007
Tulsa's housing market has been largely insulated from the effects of the national crash -- sales and construction haven't dropped the way they have across the country. But will the national problems eventually drag down Tulsa? Bernard Markstein, senior economist and director of forecasting at the National Association of Home Builders, said Tulsa may have already been affected. "You've seen some slowdown because interest rates are a little higher and credit is a little tighter," he said. Sales in the area -- 6,649 homes through June -- are nearly 200 fewer than during the first half of last year, and construction through June stands at 2,266 housing starts, well below the 2,598 for the same time in 2006. Ron Sumner, president of the Greater Tulsa Association of Realtors, said the drop isn't necessarily a sign of a weakening market since the number of homes being offered for sale has dropped as well. "Our slight decrease in demand has been offset by a decrease in supply," he said. The mass collapse of subprime mortgages, which has lead to bankruptcy for some national lenders and the weakening of financial
markets, hasn't yet had much of an effect on Tulsa home-buying, said Glenn Shaw, president of the Home Builders Association of Greater Tulsa. "Oklahoma is so conservative, we never got into the fringe mortgage programs," he said. That's not to say it's had no effect. Vinson Reed, general manager of McGraw Davisson Stewart, said tightening mortgage standards have prevented a small number of potential buyers from getting loans. "We've lost some deals because of the subprime situation, but not too many," he said. Carter Maxey of Jane Maxey GMAC Real Estate said the lowest-price homes in Tulsa will likely feel the biggest impact, because mortgage companies have stopped issuing subprime mortgages almost entirely. "Jumbo" loans over $400,000 are also getting more restrictive. But he said the mortgage companies he works with haven't given any indications that loans between the two extremes will dry up. "The healthy center hasn't been affected," he said. Robert Cooke, marketing representative for R. Cooke Homes, said his company hasn't directly encountered any buyers having trouble finding loans, though he has heard from other builders who worry that may happen more often. In fact, fear itself might be the biggest drag on Tulsa home-buying. "Maybe the slowdown is just the perception people get from the media that the national market is slowing down, and then people decide it's not a good time" to buy, Cooke said. Shaw said he believes buyer fear is the biggest problem facing Tulsa. "We're hearing these bad stories, but the worst thing we're battling is the national press," he said. Sumner said Tulsa's economic environment remains favorable to home-buying, with affordable prices, low interest rates and low unemployment. Still, he's predicting Tulsa won't break any records this year. "Our market will probably slow down a little, but based on what we've got going on it probably won't be by a lot."
By ROBERT EVATT World Staff Writer
Tulsa's housing market has been largely insulated from the effects of the national crash -- sales and construction haven't dropped the way they have across the country. But will the national problems eventually drag down Tulsa? Bernard Markstein, senior economist and director of forecasting at the National Association of Home Builders, said Tulsa may have already been affected. "You've seen some slowdown because interest rates are a little higher and credit is a little tighter," he said. Sales in the area -- 6,649 homes through June -- are nearly 200 fewer than during the first half of last year, and construction through June stands at 2,266 housing starts, well below the 2,598 for the same time in 2006. Ron Sumner, president of the Greater Tulsa Association of Realtors, said the drop isn't necessarily a sign of a weakening market since the number of homes being offered for sale has dropped as well. "Our slight decrease in demand has been offset by a decrease in supply," he said. The mass collapse of subprime mortgages, which has lead to bankruptcy for some national lenders and the weakening of financial
markets, hasn't yet had much of an effect on Tulsa home-buying, said Glenn Shaw, president of the Home Builders Association of Greater Tulsa. "Oklahoma is so conservative, we never got into the fringe mortgage programs," he said. That's not to say it's had no effect. Vinson Reed, general manager of McGraw Davisson Stewart, said tightening mortgage standards have prevented a small number of potential buyers from getting loans. "We've lost some deals because of the subprime situation, but not too many," he said. Carter Maxey of Jane Maxey GMAC Real Estate said the lowest-price homes in Tulsa will likely feel the biggest impact, because mortgage companies have stopped issuing subprime mortgages almost entirely. "Jumbo" loans over $400,000 are also getting more restrictive. But he said the mortgage companies he works with haven't given any indications that loans between the two extremes will dry up. "The healthy center hasn't been affected," he said. Robert Cooke, marketing representative for R. Cooke Homes, said his company hasn't directly encountered any buyers having trouble finding loans, though he has heard from other builders who worry that may happen more often. In fact, fear itself might be the biggest drag on Tulsa home-buying. "Maybe the slowdown is just the perception people get from the media that the national market is slowing down, and then people decide it's not a good time" to buy, Cooke said. Shaw said he believes buyer fear is the biggest problem facing Tulsa. "We're hearing these bad stories, but the worst thing we're battling is the national press," he said. Sumner said Tulsa's economic environment remains favorable to home-buying, with affordable prices, low interest rates and low unemployment. Still, he's predicting Tulsa won't break any records this year. "Our market will probably slow down a little, but based on what we've got going on it probably won't be by a lot."
By ROBERT EVATT World Staff Writer
Friday, August 24, 2007
Mayberry Farms Lots Discounted
The Mayberry Farms Subdivisions is discounting the price of the lots for the months of August and September in the amount of $5,000 off of each lot. Prices will go up again in October. Now is the time to buy and get your new home built before Christmas. All builders are welcome.
Thursday, August 23, 2007
STILL A STRONG DEMAND FOR HOMES
Regardless of what you may have heard about the national economy recently, we in the Tulsa Metro Area are presently experiencing a good "Sellers Market" for local real estate. We are currently working with several qualified buyers in different price ranges in need of homes. If you have a desire to sell your property, would you please give us a call
Sincerely
Sam Rader
President/CEO
Coldwell Banker Radergroup, Realtors
Tulsa, Oklahoma
Sincerely
Sam Rader
President/CEO
Coldwell Banker Radergroup, Realtors
Tulsa, Oklahoma
Wednesday, August 22, 2007
Home prices up; Sales down
Home prices up; sales down By ROBERT EVATT World Staff Writer 8/8/2007
Home sales dropped slightly in June, but that didn't stop prices from making a hefty jump in metropolitan Tulsa. About 1,334 homes changed hands, compared with 1,359 in May and 1,456 in June 2006, the Greater Tulsa Association of Realtors reported Tuesday. The midyear total is 6,649 home sales, nearly 200 fewer than the number sold in the first half of 2006. Ron Sumner, president of GTAR, said the drop may stem from jitters over the national real estate market. Once-hot areas of the country such as California and Florida are experiencing plummeting sales and stagnant prices. "There's so much negative publicity on a national level as to how bad the real estate market is that it's affecting us, even though our market isn't bad," he said. Sumner said Tulsa never experienced a housing bubble, and the area's continued job growth and strengthening economy would normally keep sales high. The subprime lending sector, which is battered by record loan defaults and lender bankruptcies, may also be contributing to the lower sales as local and national lenders tighten their standards, Sumner said. "Some of the adjustable-rate mortgages just aren't available anymore," he said. Despite the lower sales in June, the average price for a home in the Tulsa area increased 8.9 percent to $163,521. Also, the median figure rose 5.7 percent. Sumner said the price increase was caused by market demand. Though sales dropped, so did the inventory of available homes. He also noted that prices increases are occurring in all price ranges. "The median measures the sales price for the home in the exact middle of the list, rather than the average," he said. "When the median goes up, it appears there's a general price increase."
Home sales dropped slightly in June, but that didn't stop prices from making a hefty jump in metropolitan Tulsa. About 1,334 homes changed hands, compared with 1,359 in May and 1,456 in June 2006, the Greater Tulsa Association of Realtors reported Tuesday. The midyear total is 6,649 home sales, nearly 200 fewer than the number sold in the first half of 2006. Ron Sumner, president of GTAR, said the drop may stem from jitters over the national real estate market. Once-hot areas of the country such as California and Florida are experiencing plummeting sales and stagnant prices. "There's so much negative publicity on a national level as to how bad the real estate market is that it's affecting us, even though our market isn't bad," he said. Sumner said Tulsa never experienced a housing bubble, and the area's continued job growth and strengthening economy would normally keep sales high. The subprime lending sector, which is battered by record loan defaults and lender bankruptcies, may also be contributing to the lower sales as local and national lenders tighten their standards, Sumner said. "Some of the adjustable-rate mortgages just aren't available anymore," he said. Despite the lower sales in June, the average price for a home in the Tulsa area increased 8.9 percent to $163,521. Also, the median figure rose 5.7 percent. Sumner said the price increase was caused by market demand. Though sales dropped, so did the inventory of available homes. He also noted that prices increases are occurring in all price ranges. "The median measures the sales price for the home in the exact middle of the list, rather than the average," he said. "When the median goes up, it appears there's a general price increase."
Sunday, August 12, 2007
More on the Tulsa area market.
Home prices up; sales down By ROBERT EVATT World Staff Writer 8/8/2007
Home sales dropped slightly in June, but that didn't stop prices from making a hefty jump in metropolitan Tulsa. About 1,334 homes changed hands, compared with 1,359 in May and 1,456 in June 2006, the Greater Tulsa Association of Realtors reported Tuesday. The midyear total is 6,649 home sales, nearly 200 fewer than the number sold in the first half of 2006. Ron Sumner, president of GTAR, said the drop may stem from jitters over the national real estate market. Once-hot areas of the country such as California and Florida are experiencing plummeting sales and stagnant prices. "There's so much negative publicity on a national level as to how bad the real estate market is that it's affecting us, even though our market isn't bad," he said. Sumner said Tulsa never experienced a housing bubble, and the area's continued job growth and strengthening economy would normally keep sales high. The subprime lending sector, which is battered by record loan defaults and lender bankruptcies, may also be contributing to the lower sales as local and national lenders tighten their standards, Sumner said. "Some of the adjustable-rate mortgages
just aren't available anymore," he said. Despite the lower sales in June, the average price for a home in the Tulsa area increased 8.9 percent to $163,521. Also, the median figure rose 5.7 percent. Sumner said the price increase was caused by market demand. Though sales dropped, so did the inventory of available homes. He also noted that prices increases are occurring in all price ranges. "The median measures the sales price for the home in the exact middle of the list, rather than the average," he said. "When the median goes up, it appears there's a general price increase." This according to the Tulsa World newspaper.
Home sales dropped slightly in June, but that didn't stop prices from making a hefty jump in metropolitan Tulsa. About 1,334 homes changed hands, compared with 1,359 in May and 1,456 in June 2006, the Greater Tulsa Association of Realtors reported Tuesday. The midyear total is 6,649 home sales, nearly 200 fewer than the number sold in the first half of 2006. Ron Sumner, president of GTAR, said the drop may stem from jitters over the national real estate market. Once-hot areas of the country such as California and Florida are experiencing plummeting sales and stagnant prices. "There's so much negative publicity on a national level as to how bad the real estate market is that it's affecting us, even though our market isn't bad," he said. Sumner said Tulsa never experienced a housing bubble, and the area's continued job growth and strengthening economy would normally keep sales high. The subprime lending sector, which is battered by record loan defaults and lender bankruptcies, may also be contributing to the lower sales as local and national lenders tighten their standards, Sumner said. "Some of the adjustable-rate mortgages
just aren't available anymore," he said. Despite the lower sales in June, the average price for a home in the Tulsa area increased 8.9 percent to $163,521. Also, the median figure rose 5.7 percent. Sumner said the price increase was caused by market demand. Though sales dropped, so did the inventory of available homes. He also noted that prices increases are occurring in all price ranges. "The median measures the sales price for the home in the exact middle of the list, rather than the average," he said. "When the median goes up, it appears there's a general price increase." This according to the Tulsa World newspaper.
Saturday, August 11, 2007
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