Let's say in 2020, you could afford a monthly mortgage payment of $1,343. At an interest rate of 3.5%, you can afford a mortgage of $300,000. Down payment and closing costs are separate.Today, with the average mortgage rate at 6.7%(FRED), the same $1,343 monthly mortgage payment will be the payment for a mortgage of $210,000.So, one can see that extended higher interest rates put a lot of pressure on home prices. Time will tell if this is a new normal or rates will eventually drift down. So far, the Fed rate cuts have not had the intended results as far as home affordability.After all the Fed Funds rate is a very short term rate that the Fed sets a target rate for banks to borrow from each other over night, so it has a very indirect effect on mortgage rates.In 2024, the stock market and... 12/20/2024

So in looking at how Tulsa real estate did in 2024, I came across the following:According to Google Generative AI, which quoted Capital Homes, the median home price is $289,000 which is a year over year increase of 5.1%.According to Realtor.com, in November 2024 the average home in Tulsa is $260,000, a decrease of 6.8%.Zillow says the median home price in Tulsa is a mere $200,029 (a very precise number) up 4.7%.Redfin says the average home in Tulsa is $225,000 a 2.8% decrease as of Oct 24th.I have quite a selection of statistics to pick from depending on what tale I want to tell!Nowadays with AI and narratives, it's very important to look behind the curtain to see how the data is derived. For instance does the average include the ten million dollar Southern Hills or Wenmoor home? Or was... 12/16/2024

31 1/2  Acres For Sale - McCurtain County Idabel, OKThis is the first time this land in McCurtain County Idabel, OK has been offered for sale in many years. Great homestead site on Marble Valley Rd,  in the Denison Elementary School District. McCurtain County Oklahoma Paved road Municipal water - Idabel  Septic System Established Driveway Fenced and cross-fenced Electricity on property - Choctaw Electric Co-op Some open pasture/hay meadow Some Plantation Pine Pond Quiet neighborhood - Brown Addition A rare offering indeed in this area of McCurtain County.  A great place to build a home. It's only 3 or 4 miles to restaurants, shopping, schools, and medical clinics or the hospital.  Haworth school, Idabel School and Denison Elementary have school buses that come by property.For sale by o... 11/17/2024

The idea of Yin & Yang is that opposing forces create balance/harmony. Pain and pleasure, night and day, sickness and health, good and evil, the moon waxes and wanes and so forth... The Chinese sage Lao Tse advocates the "middle way" avoiding extremes of one way or another.The two concepts I would like to explore as it pertains to real estate investing are cashflow and equity.There is a saying, "Cashflow is king, you can't eat Equity." It definitely starts with cashflow, calculating how much downpayment is required to have adequate cashflow for expenses. An unexpected expense that can't be covered by existing cashflow can cause a business to liquidate assets. Good examples are occasionally REITS and mutual funds that have to liquidate funds to cover redemptions. Although equity is a for... 09/13/2024

If you watch certain financial influencers, they will specifically say, "Don't buy a house" or "a house is not a good investment. These include Ramit Sethi, Morgan Housel, and Robert Kiyosaki who famously says, "A house is not an asset," despite owning according to him around 16,000 units. He also completely ignores the accounting equation of Asset=Liabilities + Equity, or he just creates his own definition of what an asset is.The value for the average household in the US (US Census 2021) of their real estate holdings, equity in their own home, rentals plus other is around 36% of their net worth. The census excludes wealthiest 1% as it tends to skew the results. So, is it responsible for an influencer to make such blanket statements of an asset class that represents a substantial portio... 01/17/2024

 Types of VA Loans in Oklahoma and FAQOklahoma has the same va loan options as all other states. For example, you can build a home with a va loan, buy a home with a va loan, and renovate a home with a va rehab loan.VA loans in Oklahoma typically require 0 down and don't have private mortgage insurance. The VA funding fee applies to Veterans who aren't 10% or more disabled.Oklahoma VA loans aren't done by the Department of Veterans Affairs, they are done by VA lenders and with a loan officer. A borrower's credit score and debt-to-income ratio are looked at in the va loan approval process. In 2023, many Veterans are comparing if it's cheaper to buy or build. Often times Veterans choose the VA construction loan because it's possible to buy land and build in one transaction. It's also known... 08/31/2023

In today's fast-paced world, maintaining a good credit score is essential for financial well-being. Your credit score influences your ability to secure loans, rent an apartment, get better insurance rates, and even land a job. For residents of Oklahoma City who are struggling with credit issues, finding the right credit repair company is crucial. Optimum Credit Solutions is here to help. In this blog, we will explore how Optimum Credit Solutions can assist you in repairing your credit and achieving financial freedom.Understanding Credit RepairBefore we delve into the specifics of Optimum Credit Solutions, let's first understand what credit repair is all about. Credit repair Oklahoma City is the process of improving your creditworthiness by addressing inaccuracies, errors, and negative i... 08/04/2023

Welcome to Mustang Oklahoma City with a VisionWelcome to Mustang in Canadian County, Oklahoma! This city has a rich history dating back to the Oklahoma Land Run of 1889 and has grown significantly since its establishment in 1901, particularly after the Oklahoma City and Western Railroad passed through the area. Despite this growth, Mustang, Oklahoma - City with a Vision has maintained its small-town charm, making it an ideal location for those seeking a tight-knit community.Fun fact: Mustang was named after a nearby creek to the north. Mustang is well-suited to families looking for a great place to raise kids, with numerous family-friendly activities and events available. The city also offers the convenience of a big city while maintaining its close-knit feel. We hope you enjoy explorin... 06/14/2023

Welcome to Hunters Hill Addition Mustang OK"You will love this neighborhood! Great location away from the city but still close to everything you need! Friendly neighbors and a great place to raise a family!"      says Jennifer, Hunters Hill residentLike us on FacebookLooking for a calm and peaceful neighborhood with easy accessibility to major city amenities?Look no further than Hunters Hill Addition Mustang OK! This welcoming community has been designed to provide suburban living at its finest, with spacious homes set on sizable lots, offering ample room for families to enjoy some much-needed relaxation and spread out, surrounded by the nature of a nearby pond. The area was developed by  Leonhardt Enterprises in 2004. Now, the final phase is breaking ground on the south side. Don't mis... 06/14/2023

Bravo, you got the courage to write an offer on a home, now what?! Well, fortunately nothing is set in stone yet because your agent should have allotted a specific amount of days (in Oklahoma, typically 10) of "due diligence." This is your window of time to collect home inspections, termite inspections, and even structural investigations if deemed necessary by the home inspector. Did you know that you can actually back out of a contract scot-free (minus the home inspection fee) if you find something wrong with the home that makes you too uncomfortable to move forward? This is why picking the right person is so important. A home inspector can make or break a contract.Now I am sure you're thinking, "I need to find the most thorough inspector out there!", which is correct, but it is equall... 06/14/2023

Oklahoma was hit with some major storms yesterday evening. Tornadoes, Softball size hail, and homes & cars completely destroyed. Many people are needing resources they can trust such as roofers, electricians, etc. There are MANY service providers in our state, especially roofers. I want to make sure my clients and other Oklahoman's get the right professional. There was recently a thread posted by a not so well known roofer in Oklahoma that made false claims about Realtors taking "kick backs" for referring roofers. THIS IS A RED FLAG. It is illegal for Real Estate Agents in Oklahoma to make any profit from a referral as such. We take pride in connecting people with professional service providers for the sake of helping one another. What takes the cake about the unknown roofer making thes... 04/20/2023

Lindsay Greene is a well-known Real Estate Agent in Oklahoma City.  She was recently voted #1 Agent by Oklahoma Reader's Choice Awards. While she helps many buyers and sellers in the Oklahoma City area, she also loves working the countryside. Lindsay studies her markets within a 50 mile radius of Nichols Hills in order to better serve her luxury clientele and equestrian clientele. Lindsay is also a divorce listing specialist. With her background in Family Counseling, she can help mediate while selling your home. She recently finished writing, "House Selling Options During A Divorce", grab a free copy of her real estate book.If you would like to book a consult with Lindsay, you can see her calendar here. 04/18/2023

Ethan and Brittany recently bought a home in Tulsa, Oklahoma for $160,000. They are the youngest home buyers I've ever worked with, the previous was a tennis pro Olivia who was 23 and Alex, a nurse, she was also 23. Ethan is 22 and Brittany is 19!The average age of a first time home buyer in the US according to HUD is 33. So when I witness an outlier event like this, I like to review exactly what happened and ask some questions in order to motivate other people and show the steps to do something similar.Ethan did live with his parents for two years, he is a chef at a country club. Brittany says about him, "He doesn't spend money, he works and saves." He managed to save over $20,000, the down payment and closing costs for their home was a little over $12,000.Starting at a younger age giv... 09/13/2022

We’re honored and proud to service Oklahoma! McCann’s Roofing & Construction is a premier contractor in the OKC, Edmond, and Norman areas. We are a licensed and insured premier contractor registered with the Oklahoma Construction Industries Board. We are committed to providing quality construction services and superior customer service as a core value.Former customers say, “We highly recommend McCann’s as they have nothing but the highest quality work. We had all of the sidings of our home replaced as well as the gutters and roof. The before and after are astonishing in comparison. Their team is professional and timely.“McCann’s Roofing & Construction offers top-quality roofing, construction, and remodeling projects at an affordable price. Services include roofing, skylights and sun tun... 09/05/2022

Your roof is the first line of defense and resistance for your house when it comes to safeguarding it from the weather, the wind, and other situations; yet, the question remains as to how durable and safe it is.If an impact resistant roof shields your home, you can confidently say your home is strong and safe. Impact-resistant roofs are built to withstand hail, wind, and water. The strength of an impact-resistant roof relates to the products used during installation. One of the most common items is impact-resistant shingles (hail-resistant shingles). These durable shingles come in many styles and can be made with asphalt or metal supplies.Mimicking the look of wood, slate, and traditional shingles, impact-resistant shingles are combined with cement, plastic, resin, polymer, and rubber. ... 09/05/2022

Yes!  You Can Buy a Home in Idabel OK with In-Ground Pool Huge Sunroom Custom Self Pampering Master Bath Ham Radio Room Bay Windows Corner Lot Cul-de-Sac at an affordable price. No kidding with the current cost of new construction running around $150 per square foot, finding an established 2282 sq home that has been well maintained, updated in recent years and has an in-ground pool, plus the other great features at $275,00 is a real bargain!The description from our Integrity Real Estate Services Website:Rock home in Southern Oaks Addition. A must-see if you're looking for a 3  or 4 bedroom, 2 bath home in Idabel.  Home is on a large corner lot in a cul-de-sac with vacant land behind it so there's only one other home that adjoins the property.Floors are easy care vinyl that looks like ha... 05/06/2022

Want to be looked at as as the Best of the Best in Oklahoma?Be a part of our list - Oklahoma REALTORS Preferred List - Best Realtors in Oklahoma by City 01/10/2022

Studio B Creative Workshops ~ Bringing out the Creative Artist in You!If you've ever seen a piece of handmade silver or clay jewelry and admired it, thinking how talented the creator was...Brenda Johnson at Studio B, 114 SE Ave N, Idabel, OK,  is the lady that you want to get in touch with.        Brenda holds wonderful fun workshops in: Silver Metal Clay Jewelry, Stained Glass, Fused Glass Jewelry Basic Jewelry Making, Mosaics, Mixed Media Painting, Soul Collage, and "more".   You can easily check out some of the "more" on Brenda's Studio B Facebook page!   In fact, you'll want to visit the Studio B Facebook page often to get the "scoop" on upcoming workshops!  Studio B is located in Avenue N Business Center, at 114 SE Ave N, Idabel.    01/02/2022

Well-Appointed Luxurious Home 6044 S Lakewood Ave Tulsa OK For Sale Very Inviting and well appointed brick home at 6044 S Lakewood Ave, Tulsa, OK, has recently been beautifully and completely renovated.        Ceiling to floors, wall to wall, from the large details to the smallest ones, each detail displays the thought that was given to function and style.  6044 S Lakewood Ave, Tulsa, OK  has been revamped and made new!      You'll enjoy the easy to maintain waterproof plank flooring throughout most of the home. Open well designed floorplan at 6044 S Lakewood Ave, Tulsa, OK.  Large Master Bedroom with huge Walk-in Closet and Ensuite Master Bath with extra large Custom Shower and two vanities.   Three very spacious bedrooms and two bathrooms.  Home has 2 living area and a dining room ope... 12/18/2021

Welcome to Mustang Oklahoma City with a VisionWelcome to Mustang in Canadian County, Oklahoma! This city has a rich history dating back to the Oklahoma Land Run of 1889 and has grown significantly since its establishment in 1901, particularly after the Oklahoma City and Western Railroad passed through the area. Despite this growth, Mustang, Oklahoma - City with a Vision has maintained its small-town charm, making it an ideal location for those seeking a tight-knit community.Fun fact: Mustang was named after a nearby creek to the north. Mustang is well-suited to families looking for a great place to raise kids, with numerous family-friendly activities and events available. The city also offers the convenience of a big city while maintaining its close-knit feel. We hope you enjoy explorin... 12/08/2021