Obeo Virtual Tours launches new Facebook Fan page

Obeo Virtual Tours has just launched a new fan page on Facebook.com!

Facebook has over 150 million members worldwide and is one of the top ten most visited websites on the Internet. Facebook allows people and businesses to connect and interact with each other in a common platform. We have created this page on Facebook to allow our clients, employees, photographers and fans of Obeo to interact more with each other and get the latest information about Obeo.

On the Obeo Facebook page, you will find:

• Brief information about Obeo.
• Recent Obeo News/Updates.
• Special promotions on a regular basis.
• Great photography examples from our Obeographer network.
• Comments and discussions about Obeo.
• A list of Facebook members who are fans of Obeo.

The Obeo fan page is located at:

http://www.facebook.com/pages/Obeo/52258170123

About Obeo
Since its inception in 1999 and its evolution from 360 House to Obeo in 2004, the Salt Lake City, Utah-based company has become the largest preferred supplier of full-service residential real estate online marketing products in the United States and Canada. The Latin word for “to go to” or “to encompass,” Obeo provides REALTORS®, homebuilders, land developers and property managers with customized online marketing solutions and offline sales tools. To find out more, go to www.Obeo.com.

Free Video Upgrades for Obeo Virtual Tours

Obeo Virtual Tours is very excited to introduce several new video options for you to enjoy!
This free service takes the still photos and panoramas from your listings and turns them into an interactive video presentation. Any past and future Obeo Tour can now be exported to a high-quality video and can be viewed on sites like YouTube.

www.Obeo.com

Wyatt Poindexter
Keller Williams Realty
405-417-5466
www.WyattPoindexter.com

Mortgage Rates Today Feb. 23, 2009

Good Morning everyone. I hope all is well with each of you. I hate to sound repetitive, but in some ways it is good to know that rates haven't changed much.

Overall, not much of a change from last week and rates just seem to be steady (or stagnant if you want to look at it that way).

With the passage of the new 1st Time Homebuyer Tax Credit of $8000, there has never been a better time for new time buyers. An $8000 Tax Credit, Low Interest Rates AND an Inventory to choose from.

Wyatt Poindexter
Keller Williams Realty
www.WyattPoindexter.com

Edmond Oklahoma Real Estate Overview

Average price per square foot for Edmond OK was $99, an increase of 4.2% compared to the same period last year. The median sales price for homes in Edmond OK for Nov 08 to Jan 09 was $165,000 based on 220 home sales. Compared to the same period one year ago, the median home sales price increased 0%, or $0, and the number of home sales decreased 32.7%.

There are currently 1,478 resale and new homes in Edmond on Trulia, including 34 open houses, as well as 3 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Edmond OK was $335,643 for the week ending Feb 11, which represents a decrease of 1%, or $3,477, compared to the prior week.

www.WyattPoindexter.com

Nichols Hills, Oklahoma Overview 2009

Nichols Hills housing prices continues to increase!

Average price per square foot for Nichols Hills OK was $185, an increase of 18.6% compared to the same period last year. The median sales price for homes in Nichols Hills OK for Nov 08 to Jan 09 was $360,000 based on 7 home sales. Compared to the same period one year ago, the median home sales price increased 2.6%, or $9,000, and the number of home sales decreased 12.5%.

There are currently 21 resale and new homes in Nichols Hills on Trulia. The average listing price for homes for sale in Nichols Hills OK was $509,349 for the week ending Feb 11, which represents a decrease of 6.9%, or $37,464, compared to the prior week.

www.Nichols-Hills.com

Great News for Home Buyers!!!

This is the greatest opportunity we have had in a long, long, time!!! Please remember: a Tax Credit is not a tax deduction. It is a dollar for dollar savings in the total income tax paid.

This provision is a direct subsidy to home buyers. Just think what this means and the opportunities it opens to us.

How big is the first time home buyers' market: about 40% of the buyers nationally!!!! What a golden opportunity for us in Oklahoma with a median house price that is low. This credit is essentially a 10% price reduction on a $80,000 house and a 5% reduction on $160,000 house.

Combine that with the lowest mortgage rates in our lifetime and the opportunity is just mind boggling.

Oklahoma Real Estate 2009 Overview and Statistics

Average Listing Price is $183,395.00
Medium Sales Price is $86,500.00
Average Price Per Square Foot is $67.00

Average price per square foot for Oklahoma City OK was $67, a decrease of 1.5% compared to the same period last year. The median sales price for homes in Oklahoma City OK for Nov 08 to Jan 09 was $86,500 based on 616 home sales. Compared to the same period one year ago, the median home sales price decreased 4.9%, or $4,500, and the number of home sales decreased 45.5%.

There are currently 2,286 resale and new homes in Oklahoma City on Trulia, including 12 open houses, as well as 58 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Oklahoma City OK was $183,395 for the week ending Feb 11, which represents an increase of 0.6%, or $1,136, compared to the prior week. Courtesy of Trulia.

Oklahoma City the most recession proof city in the US

Forbes magazine recently highlighted America's most recession proof cities and listed OKLAHOMA CITY as the most recession proof city in the U.S.

Forbes cites three keys to Oklahoma City's strength:

1. strong housing market
2. falling unemployment
3. strong growth in agriculture, energy and manufacturing

Oklahoma City is a great place to live!

Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly--or even contract--in the first half of the year.

But Oklahoma City is doing just fine. With falling unemployment, one of the country's strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis.

www.WyattPoindexter.com

First Time Home Buyer Tax Credit

President Obama just signed the stimulus package. We thought you may want to know how it could benefit you.
This tax credit will apply to First Time Home Buyers and those who have not owned a home in the past 3 years. This tax credit, unlike the previous one, does not have to be repaid. The tax credit is equal to 10% of the homes purchase price up to a maximum of $8,000. It applies to First Time Home Buyers who purchase a home between Jan. 1, 2009 and December 31, 2009. For Single taxpayers with income up to $75,000 and Married taxpayers up to $150,000.
Because the tax credit is "refundable," qualified buyers can take advantage of it even if they don't have much tax liability.
Buyers have to own the home for at least three years in order to capitalize on the credit. If they sell the home before then, they will have to return the credit to the government. (Exceptions will be made in certain cases, such as death or divorce.)
Combined with the low interest rates this may be a great time for you to buy!

Wyatt Poindexter
Keller Williams Realty
405-417-5466
www.WyattPoindexter.com