Great news for the real estate market

Author: Terra  //  Category: Real Estate

Today is the last day for first time home buyers and move up buyers to get under contract for the tax credit. It is definitely chaos out in the real estate field today! I look forward to hearing other Realtor stories of how hard they worked for their buyers to get their clients under contract for the tax credit. This tax credit has pushed all buyers and made new home sales jump. The U.S. Commerce Department announced Friday that new homes sales rose 27% in March compared to February. Isn’t that wonderful for our sellers, builders and buyers?  The U.S. Commerce Department said that is the greatest rise in sales since April of 1963. On top of that, the National Association of Realtors reported last week that previously owned home sales rose 6.8%. This is all excellent news for the real estate market! If you are needing to buy or sell, this is the time, plenty of market options with rates as low as 5%.

Our encounter with Randy Couture

Author: Terra  //  Category: Real Estate

Kiley, Randy Couture, and Terra

A couple weeks ago, Kiley, Brad(my husband), and I got the chance to meet Randy Couture, a fighter for the UFC.  Randy was at the Chain Ranch in Canton, Oklahoma hunting with a good friend of Brad’s named Jesse Moorehead. At first, we did not think we were going to be able to meet him, but it worked out at the last minute that Kiley and I were definitely invited. Mason Banta, my cousin, helps run Chain Ranch and he guided Randy on his wild pig hunts that week. The night we visited, they all took a break and we went to eat a Mexican dinner. Brad had met and hung out with Randy before, but Kiley and I were sooooo nervous.  We should not have been though because Randy was so down to earth, not like most stars. He was so humble! He talked about his family, fighters, fans, and friends. He also asked us lots of questions and “acted” like he was interested in our lives. haha  I just wanted to share the experience with you all and next time you hear Randy will be fighting, be sure to cheer him on.

Oklahoma Heart Walk! Giving Where we live!

Author: Terra  //  Category: Real Estate

Keller Williams Realty teamed up with The American Heart Association to raise money for those in need of heart care assistance and for more heart/stroke research in Oklahoma. The American Heart Association is a national voluntary health agency whose mission is: “Building healthier lives, free of cardiovascular diseases and stroke.”  Starting in March 2010, Kim, Kiley and I started raising money for the walk on April 17, 2010.  We are continuing to raise money for the Heart Association until June of 2010. Contact us if you might be interested in donating. We have had a great time raising money while talking to past clients, family and friends! And on top of that, the walk was a a blast(even though it rained the whole time)! Plus, Kristin Heath and Laci Notley, friends of the family, joined Keller Williams in the walk specifically wanting to support Laci’s niece, who is a one year old and has had three surgeries in the past year with more in the future.  Almost every one of our clients has a family member or friend who has suffered or died from this disease. What a wonderful way we can give back to our community. Giving where you live!

Here are a few pictures from the walk.

Laci, Kristin, Kiley, Terra and Rumble waiting to start the Heart Walk!

Kim, Terra, and Kiley fixin to take off walking!

The FINISH LINE! (It rained the WHOLE walk!)


Weekly Mortgage Update

Author: Terra  //  Category: Real Estate

In a week with very little domestic economic news we see the “Flight To Safety Effect” on mortgages as the markets react to fears based on different news items.  When people are trying NOT to loose money elsewhere, they buy the US bond market as a safe haven.  When it’s safe to go back out, they sell.  Remember Fannie, Freddie and HUD/FHA/VA are all part of this bond market.   The effect is a see-saw of interest rates as investors move in and out of the bond market.   Late last week the SEC charges against Goldman Sachs scared investors, now it’s calmed down.  The potential default by Greece on their debt scared investors and now that is calming down.  The net effect on mortgages is that rates remained in a narrow range depending on the ‘fear of the day’.

A couple of good news items, both existing housing and new home sales came in very positive as result of the government incentives for buyers.  Yes, that will end this month, but it has had the net effect of cleaning up a LOT of existing housing inventory.  Finally, if you look at the numbers for durable goods orders (big ticket items that business buy), you’ll see that after you take out purchases of airplanes and those made by Uncle Sam, business are investing again, and that is more evidence that we continue to recover.

Oklahoma State Bond Money is coming out with a new issue on the 27th with a rate of 5.65% and 3.5% down payment assistance.

This week rates ranged between 5.0 and  5.25%, depending on program, credit and points.

Ted Clay
Sr. Loan Consultant

Office: 405-341-8644
Cell: 405-826-1320

tclay@wrstarkey.com

www.TedClay.com

New Listing in West Edmond!

Author: kileyspencer  //  Category: Real Estate

501 Pleasant Oaks Circle Edmond, Ok 73034     $219,777

Wooded acreage! Kitchen with island, bar seating, and walk in pantry.

Oversized living with builtins, gas/wood fireplace, and wet bar.

Master suite with two closets, tub, shower, two sinks, hidden storage and more.

 

Newer wood deck overlooking trees and green grass. Fenced in yard for horses and shed/barn.

Neighborhood pond for fishing and recreation.

Call Kim or Terra to see it today!!

Celebrating Earth Day!

Author: Terra  //  Category: Real Estate

Here are a couple pointers for you to think about on EARTH DAY:

  • plant a tree, shrub or some flowers (it will make you feel good)
  • recycle, reuse, and re purpose
  • use refillable water bottles and a filter for your water
  • turn off lights and use power strips for computers and electronics (it saves you money and time by being able to quickly turn them off)
  • try using reusable shopping bags when you go to the store
  • turn off water while brushing your teeth or while grooming
  • when saving food, put them in reusable containers
  • pay bills online (you will save an envelope, stamp, and the check)
  • use natural cleaning products – search online for homemade cleaning products made from baking soda, lemon and vinegar

Start thinking about trying to be a more GREEN! It will not only positively affect your neighbors and your family, but it will also positively affect you! Plus it will save your wallet. Hope you have a great EARTH DAY!

Mortgage update by Ted Clay

Author: Terra  //  Category: Real Estate

This is Ted Clay with your weekly update.

Mixed earnings results from corporations (UPS was up, Alcoa was down) show that the economic engine is sputtering as it starts back up.   However, according to a survey from the National Federation of Independent Businesses, small business owners are still NOT confident enough to start hiring and they are a BIG piece of the employment picture.  With unemployment high there is no purchasing power and so inflation stays low.  This is backed up by the CPI numbers this week which came in basically flat last month.   Remember, low inflation = low rates.

Another inflation factor is foreclosures.  Nationally, 1st quarter foreclosures came in 35% over last year as banks work through their non-performing mortgages.  This helps to keep the inflation factor OUT of housing which, as I mentioned last week, is a BIG reason the CPI numbers are so tame.  Again, this is good for rates.

Finally, in March we saw a 1.6% increase in home starts and a 20% increase over this time last year.  What this tells us is that, even with foreclosures, there is enough demand for builders to increase production….and that is good news for Realtors and Builders alike.

This week rates battled back against their recent rise due to the CPI numbers and ranged between 4.875% and 5.125%, depending on program, credit and points.

Ted Clay
Sr. Loan Consultant

Office: 405-341-8644
Cell: 405-826-1320

tclay@wrstarkey.com

www.TedClay.com

Recap of 2009 at Keller Williams Realty

Author: Terra  //  Category: Real Estate

This announcement comes on the heels of a year of positive growth for Keller Williams Realty throughout the U.S. and Canada. The company outpaced the downward trend in the real estate market and grew in every category – opening 30 new franchises, ending the year with a 16 percent year-over-year increase in the number of contracts closed per agent and more than 76,879 associates across North America (up three percent). In addition, the company gave back more than $32.2 million in profit share to its agents.

In addition to recently becoming the 3rd largest real estate company in the U.S., surpassing Re/Max, according to Steve Murray at REAL Trends, Keller Williams Realty received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms from J.D. Power and Associates for the second year in a row, and was ranked as the No. 1 real estate franchise on the 31st Annual Franchise 500 list by Entrepreneur magazine.

Excerpt from “Top Ranked Franchisee Joins Keller Williams Realty”

Keller Williams Realty International

April 12, 2010

Top 10 Home Improvement Projects

Author: kileyspencer  //  Category: Real Estate

Spring is a great time to improve your home. With beautiful weather, why not make your home more beautiful! Here are a couple ways to improve your home. These can instantly increase the value of your home and actually help your home sell faster. We know this because this is what our buyers ask for everyday!

-New Countertops- Granite

-Interior Paint/ Remove all paper

-Exterior Paint

-New Tile

-New Carpet

-Light Fixtures

-Plumbing Fixtures

-Hardware

-Appliances

-New Window Treatments