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Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust…
THROWBACK THURSDAY! Real Estate has been good to me over the years! In 2010, I rewarded myself and my wife, Bonnie, with a two-week trip to England. We spent seven days in London and the rest touring the country, including visits to Manchester, Chester, Stratford-upon-Avon, Stonehenge, Brighton, Salisbury, several villages in The Cotswolds, and many…
One of the first steps in your home-buying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much you may be approved…
Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based…
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Today, the…
I was excited to learn in today’s Tulsa World that the new VA hospital in downtown Tulsa has received an additional $31.2 million in funding for its construction, according to the nonprofit organization Veterans Hospital in Tulsa (VHiT), which is overseeing the project. TW subscribers can read the full article here: https://tinyurl.com/5n7ffux5 The funding,…
By the time you read this, a new CPOA board will be seated to govern Central Park in 2023, but it is not too early to be thinking ahead to 2024. Even with all of the progress that has been made recently there are still major challenges to be managed and an all-hands-on-deck approach will…
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. It is not clear at this point if we are likely to see one in the next 12 to 18 months. Economic conditions are determined by a broad range of factors, so rather…
In an article in today’s Tulsa World, the City of Tulsa announced that it will be moving its planning services back to City Hall. World subscribers can read the full article here: https://tinyurl.com/ynpaykxf or read my summary below: The move will mean that current employees of the Tulsa Planning Office will have to reapply for…
Throwback Thursday – Reminiscing about this home today that I sold back in 2004 while it was still under construction. The buyers were a family from the east coast moving to Tulsa as part of a corporate relocation. At a sales price of $812,294 it was my highest sale price to that date, and I was…
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent…
There’s no doubt today’s housing market in Tulsa is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities,…
