|Has the housing market finally run out of steam?
Buyers found the lack of available homes too much in April with all major regions failing to show any activity gains.
The Pending Home Sales Index from the National Association of Realtors was down 1.3% to a reading of 106.4, following two monthly increases including an upwardly revised 107.8 reading in March.
The index has fallen year-over-year for four straight months and was down 2.1% in April compared to a year earlier.
The dip in pending home sales meant the third-lowest level in the past year.
“Pending sales slipped in April and continued to stay within the same narrow range with little signs of breaking out,” said NAR chief economist Lawrence Yun
The PHSI in the Northeast remained at 90.6, 2.1% below a year ago. In the Midwest it was down 3.2% to 98.5, 5.1% lower than April 2017. In the South it declined 1.05 to 127.3, 2.7% higher than last April. In the West it slipped 0.4% to 94.4, 4.6% below a year ago.
Mortgage rates, gas prices may dampen demand.
Yun added that the underlying sales data and feedback from Realtors show that buyers demand remains strong and the competitive market means listings are typically going under contract in under a month with increasing incidences of multiple offers.
However, rising mortgage rates and higher gas prices could dampen that demand if the trend continues while supply remains desperately restrained.
“The combination of paying extra at the pump, while also needing to save more for a down payment because of higher rates and home prices, may weigh on the psyche of those looking to buy,” he said.
Yun’s forecast for existing home sales for the whole of 2018 is 5.54 million, up 0.5% from last year. Median prices are expected to rise 5.1%.
1300 Echo Dr.
Edmond, OK 73034
4 bedrooms – 2.1 bathrooms – 3360 SF mol – Edmond Schools
8404 Aspen Hills Dr.
OKC, OK 73132
3 bedrooms – 2 bathrooms – 1,476 SF mol – Putnam Schools
Fabulous home with awesome updates! Updates include: all new heat and air in 2013, granite in 2014, a stainless steel dishwasher in 2017, a hot water tank in 2015 and a garage door opener in 2015. The living room is open to the dining room. It has tall ceilings, a fireplace, natural light, two inch, white faux blinds and plenty of room to set up your furniture. Seller offering $2500.00 in flooring allowance/update allowance/buyers closing costs. All bedrooms are on one side of the home. Hall bath between secondary bedrooms. Master bedroom has a tray ceiling and is at the end of the hallway. The master bath has two sinks, a tub, shower and two walk in closets with builtins. Great patio with room to garden or relax! Easy to show and ready for YOU to make it your own home!
Click here for a virtual tour!
Though this really warm weather may cast doubt, it actually is still Spring and not yet Summer. It’s coming, though! Which means if you haven’t started Spring cleaning you’re running out of time until it becomes Summer cleaning. It’s an understandably daunting task which is why so many people put it off as long as possible. To help you get this looming task off your back here are some of our favorite tips, tricks, and how to’s for Spring cleaning 101!
- Clockwork Cleaning
This tip will definitely help you in eating the elephant (one bite at a time… hopefully everyone is familiar with this saying). Break down tasks into timed sections. It’s overwhelming to consider everything you have to do but if you set an allotted amount of time and find the most efficient tasks to fill that time it will help you get a lot done and not end up burned out in the end! For example, only have ten minutes to fill? Try a quick dusting session, wipe down those ceiling fan blades, and polish up any doors and switch plates that have collected smudges and finger prints. Presto! Check those of your list and move on to another ten minute session or a longer session for bigger tasks.
- Start Where You Live
One way to get things done is when you’re feeling encouraged and inspired. The easiest way to galvanize yourself to that kind of work is to be able to see the progress you’ve made. Take the time to start cleaning where you and your family spend the most time in the house. Clean up the kitchen or living room quickly and you’ll get to see the result of your hard work all day long while you work on the following project!
- Clean Routine
If you’ve got a busy schedule and don’t have time to clean until the weekends but the messiness is getting to you in the meantime, here’s a tip, clean as you go. This may seem obvious but take it further and make it a part of your daily habits! We recommend in the morning beginning your day by making the bed and when you’ve accomplished some personal tasks empty the dishwasher or start a load of laundry. This will make it much easier for yourself in the evening to come home to work on and will help you keep on top of everything!
- Slow & Steady Wins The Race
Although there’s nothing wrong with busting out all your cleaning in one to two sittings there’s also nothing wrong with doing it gradually. You know yourself better than anyone else does so clean according to your schedule! It’s much less pressure on yourself to dedicate some time over a period of time to accomplishing all your spring cleaning. It also ensures that what you clean will be really really clean compared to if you had done it more quickly to get more done at a time. If you’re spread thin and running on fumes you won’t get much done anyways so relax and take a quick break if you need to!
1001 Fox Lake Ln
Edmond, OK 73034
4 Beds – 3.1 Bath – 3,431 SQFT mol – Edmond Schools
This beautiful home is located in a desirable SE Edmond neighborhood! Stunning entry way welcomes you into the home! Nice flow throughout with open formal dining & living. Gourmet kitchen has double ovens, island, granite, stainless steel app, and pantry. Main living room has soaring ceilings and cozy fireplace. Master bedroom has tray ceiling, bay window and amazing and updated master closet. Master bath has a jetted tub, shower and double sinks. Study comes with built-ins and wood floors. There is a game room upstairs plus three bedrooms and two bathrooms. Beautiful wood floors, light and bright with tons of windows. Gorgeous landscaping, soaring trees and a corner lot. Neighborhood lake and pool! Easy access to I-35, shopping and restaurants. Immaculate condition and ready for YOU to make it your own! Don’t miss out on this breathtaking home!
Click here for a virtual tour!
2829 Cambridge Ct
OKC, OK 73116
3 Beds – 1 Bath – 1,250 SQFT mol – OKC Schools
Absolutely adorable home! Enter into the beautiful spacious living room complete with a large window and abundant natural light. The open living and formal dining room both equipped with beautiful wood floors. The kitchen has been updated and has classic black and white flooring. Two, charming lovely bedrooms are conveniently located close by the bathroom. The third bedroom is off of the dining room and comes with a NEW sliding barn door (could be used as second living). Over-sized deck is perfect for cookouts and parties! The deck has been re-stained, as well. This charming home has been updated with a NEW garage door, NEW kitchen sink, and NEW garbage disposal in 2018. You’ll also love the neutral colors and designer touches throughout! It’s comfortable and current yet a classic! In a great location off of NW Expressway! This home is ultimately a great place to call HOME!
For a virtual tour click here!
April showers bring May flowers and kids with cabin fever from being stuck inside! You don’t want to loose them to the rain and run the risk of them getting sick but they’re about to lose their minds if they have to stay inside any longer and you’re about to do the same! For everyone’s sanity on a day like today we’ve rounded up a couple of fun activities and places to go in the area to keep the kiddos occupied!
- Paint pottery at Unpluggist Paint & Play
If you’re kiddo loves crafts then this might be a great option for you! Here you’re able to choose a piece you want to paint, make your creation, and take it home! If you’ve also got a couple of kiddos with ants in their pants half way through painting, that’s fine too! There’s a play place here and it’s a totally kid friendly location so let them run wild!
- Skating at Skate Galaxy OKC
This is a terrific plan for parents who just need a breather from entertaining their little ones for a moment. Take them here, rent a couple of skates at an affordable price and then let them skate their hearts out until they’re tired! There are sure to be plenty of other kids for them to make friends with a play around with. If your kiddo doesn’t want to skate the whole time there are also arcade games there to play!
- Head to Story Time at the Library
You could read books at home and we of course know that no one tells stories to your kids better than you but sometimes it’s just a change of location they need. These readings are usually free and happen frequently! Just check out the times offered at your local library!
- Try Out a Board Game Cafe
There are a number of board game cafes in the area and there seem to be more and more popping up over time! Edmond Unplugged is a great example! Located in downtown Edmond, take the kids and sit down and pick out some games to try! Enjoy a refreshment while you play too!
3608 Jim Robison Dr.
Edmond, OK 73013
4 Beds – 2.1 Bath – 2,111 SQFT mol – Edmond Schools
Location! Location! Location! Located in the sought after Chisholm elementary this home is both gorgeous and in a great location! Great floor plan for entertaining with two living areas and two dining areas. The kitchen has double ovens, granite, bar seating, built in desk/hutch, a walk in pantry plus it is open to the living and dinette. There’s also a lovely little half bath off of kitchen for guests. The updated master bathroom comes with new tile, counter top and shower area. The spacious master bedroom is tucked away at the end of the hallway and it has two walk in closets. Three, secondary bedrooms are the perfect size and share the hall bath. Over-sized backyard with plenty of room to run and play. Seller offering $3000.00 flooring allowance to replace carpet or make updates. Storm shelter in garage floor. Close to Oklahoma Christian University, walking trails, and the park! You don’t want to miss out on this fantastic buy!
For a virtual tour of this listing click here!
Okay, so this isn’t the sexiest topic but maintenance is so critical to well… maintaining the integrity of your property! Some things are more important than others but it can be hard to differentiate what you really need to keep on top of and what you can get away with doing once a year. When something slips through the cracks (maybe literally) year after year there are potential pitfalls lying in wait that could cost you dearly. Let us remind you to not forget about these particular maintenance tasks and hopefully you’ll get to save your hard earned money in the end!
- Roof and gutter maintenance
Oh, leaves in my gutter? How cute! Fall! Then BOOM, you’ve got overflowing gutters, foundation damage, and drainage issues. Don’t indulge your sentimental side here, leaves in the gutter can cost you a lot of money in the damage they can do! It’s easy to forget to do this since you probably don’t check out your roof very much. Be sure to to check out your roof too! You can have minor cracks that you probably won’t notice if you’re not looking for them. They can allow water to slowly enter into your home and cause damage to ceilings and walls which will also rack up the bill! Be sure to spend some quality time with your roof and gutters, your wallet will thank you!
- Creepy Crawler Critter Maintenance
Unless you’re really alright with raccoons as roommates you might want to listen up. You’re careful… it’s not like you leave all your doors and windows open all the time and leave out bowls of cat food everywhere (to the people who identify with everything I just said… you might have raccoons). But even not doing those things can set you up with critters if you’re not being diligent about safeguarding the rest of your house. It’s easy to disregard those venty looking things sticking just slightly off your house but that’s exactly where your friendly family of squirrels will climb up in the winter time. Place mesh over vent faces and cover up any access points leading to underneath the house. Save yourself from waking up in the middle of the night to a mouse trying to make a nest in your hair and save yourself from hiring a pest control guy!
- Chimney Maintenance
I doubt that chimney cleaners look like Dick Van Dyke in Mary Poppins anymore but nonetheless be sure to step in time and be sure to inspect your chimney and have it cleaned regularly (how about that Mary Poppins reference, huh?)! It’ll make it easier for you to spot cracks should the ever appear! If you do happen to find cracks in the bricks of the flue or there are gaps in the mortar on the outside of the chimney between the bricks, your home could be in trouble. This sort of damage could ultimately bring the chimney down on your roof if you’re not careful! That’s why regular maintenance and inspection is so important!