“The sky is falling!! The sky is falling!!”
How many times have you heard that well known line? It is from a children’s book “Henny Penny.” As you read the story, was the statement a true rendition of the facts?
Well, the same thing could be said for Tulsa real estate. The Tulsa World headline was “Local home sales plunge.” The sub-head says “The 696 houses sold in July represent a 31 percent drop from June’s figures.”
Did you read the rest of the article? The median sales price for houses on the Tulsa Multiple Listing Service was up 6.7 percent. It seems that should be construed as good news. I believe it is a good time for home sellers to put their house on the market. But I have a caveat, make sure the house is in very good condition. I have a report which will help home sellers determine the steps to take to make their house more marketable. Contact me and ask for the report.
The article goes on with further good news for home buyers. Last week, Freddie Mac reported the interest rate to be 4.36 percent on the average 30-year mortgage, the lowest rates it has recorded since 1971!!
That information seems to present a question. If this is not a great time to buy a house, when would it be a good time. Interest rates are historically low now. Do interest rates need to go to 7%? 8%? 12%?
The economy seems to be telling home buyers it is time to act. Houses prices seem to be going up so hesitation could be a mistake especially while historically low interest rates are available.
If you are paying rent, this seems to represent an opportunity to own your home. I have a report for home buyers which could keep you from making some of potential mistakes. Just contact me an request the report. I would also discuss my HomeFinder Service with you. My clients love it.
You have choices… is the sky falling or is it time to take advantage of the current market?
Call Wayne at 918-645-1470
or by email.
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