Continually, the central Oklahoma real estate market is where to be -- We are happy to help you find a home in Oklahoma City all the way North to Edmond, Deer Creek, or Guthrie all the way South to Moore and Norman. Or even East to Choctaw, Del City/Midwest City or West to Yukon or Piedmont. When you see everything that is going on around the country, it is refreshing to see our market has remained stable.
Buyers still have an opportunity to make a purchase on a home with great interest rates. To start your own search today -- it's just a click away. Just touch OKHomeSearcher for quick access to ALL Oklahoma City Metro Area Listings. Or you can try something old fashioned like calling our toll free number 800-579-1992 or local 405-330-2777. Hope to hear from you soon.
The Local market continues to remain strong compared to other regions in the U.S.
This is from our lending partner Ted Clay at WR Starkey on January 27th, 2011:
Another mixed bag this week as the Gross Domestic Product came in at 2.8% which fell short of the wish-estimate of 3.2%. Drilling down into the numbers, 2% of the growth came from restocking inventories and 2% came from consumer spending, reflecting the good consumer sentiment numbers from the University of Michigan. But local governments continue to shrink and took away 4% giving us two steps forward, one step back.
There is simply too much uncertainty in our system with this kind of good/bad economic news each day. Add to this the uncertainty in Europe and it’s like we are floating down a river which has rapids. We have to just tread water so we can keep our head up to see what rock is coming at us. Once we get to some smooth water, we can feel comfortable putting our head down and swimming forward with out worrying about crashing into an economic rock that would knock us out.
Anyway…the good news is that because of this the Fed announced again that it will continue to keep rates low. Excellent! Remember what I said last week about buying power. Tell your clients that they have approximately 25% more buying power today than in 2007. What an opportunity!
This week Freddie Mac’s 30 year fixed rate ticked up a bit to 3.98% depending on program, credit and points.
- NUMBER1EXPERTS™ 
