Sparked by top grades in income growth, Oklahoma City was highly regarded in Forbes magazine's list of Best Places for Business.
Overall, Oklahoma City ranked No. 13 and Tulsa was listed at No. 43 in the magazine feature.
Both cities performed particularly well in the income growth and cost of doing business categories.
Oklahoma City ranked No. 1 in income growth and Tulsa was right behind at No. 2.
Oklahoma City was No. 4 and Tulsa No. 5 in the cost of doing business category, which is an index based on the costs of labor, energy, taxes and office space.
Monday, June 30, 2008
Monday, April 21, 2008
NBA Owners Approve Supersonics to OKLAHOMA CITY!
The Sonics could begin playing in owner Clay Bennett's hometown as early as next season if they can get out of the remaining two years of their lease at KeyArena.
Owners voted 28-2 in favor of the move, with Dallas and Portland voting against. Mavericks owner Mark Cuban has previously expressed concerns about the market size, and commissioner David Stern said the Trail Blazers, owned by Seattle software billionaire Paul Allen, didn't say why they voted the way they did.
"The vote further confirms that Oklahoma is in the big leagues and can compete with anyone," Oklahoma Gov. Brad Henry said in a statement.
Monday, March 24, 2008
March Listing of the Month
$274,900.00
8101 Bridgeport Lane
OPEN HOUSE March 30, 2008 2:00-4:00
8101 Bridgeport Lane
OPEN HOUSE March 30, 2008 2:00-4:00
Large family home in Brownsville of Bethany, Oklahoma. This home features a large living room with vaulted ceiling and beautiful wood flooring. The formal dining room has built in display case for China or other collectibles. Remodeled open kitchen with island, breakfast bar and fireplace. Second living has fireplace, flat panel television and French doors. Master bedroom is downstairs and there is a full master suite upstairs that has kitchen area, walk in closets and full bath. See photos or call Wyatt for your own private showing.
VIEW OBEO VIRTUAL TOUR AT: www.Obeo.com/451817
Wyatt Poindexter
Keller Williams Realty
Oklahoma City
www.WyattPoindexter.com
Thursday, March 6, 2008
New Loan Limits for FHA and Freddie Mac
The new loan limits for FHA and Fannie Mae and Freddie Mac are now calculated at 125 percent of the HUD published median prices, with a floor of $271,050 and $417,000, respectively, not to exceed $729,750.
We expect the impact of these loan limit increases on the housing market to be significant because of the infusion of capital into the mortgage market, which should result in lower interest rates across the board. In addition, there will be a direct impact on high-cost areas that previously required borrowers to take out costlier jumbo mortgages.
As NAR research points out, increasing FHA loan limits will help an additional 138,000 Americans achieve the dream of home ownership and will allow nearly 200,000 homeowners to refinance and potentially keep their home. In addition, NAR believes that increasing the loan limits for Fannie Mae and Freddie Mac will bolster the housing finance market, which continues to be severely stressed, by providing an immediate infusion of much needed liquidity to the nation’s mortgage market.
An economic impact study conducted by NAR in January 2008 estimated that increasing the GSEs’ conforming loan limits would result in as many as 500,000 refinanced loans and could help reduce foreclosures by as much as 210,000. In addition, over 300,000 additional home sales could be generated, housing inventory would be reduced and home prices would be strengthened by two to three percentage points.
HUD was mandated in the Economic Stimulus Act to publish new loan limits within 30 days of the bill's signing by President Bush on February 13. NAR strongly supported this economic stimulus package because of the relief we felt it would bring our members.
We expect the impact of these loan limit increases on the housing market to be significant because of the infusion of capital into the mortgage market, which should result in lower interest rates across the board. In addition, there will be a direct impact on high-cost areas that previously required borrowers to take out costlier jumbo mortgages.
As NAR research points out, increasing FHA loan limits will help an additional 138,000 Americans achieve the dream of home ownership and will allow nearly 200,000 homeowners to refinance and potentially keep their home. In addition, NAR believes that increasing the loan limits for Fannie Mae and Freddie Mac will bolster the housing finance market, which continues to be severely stressed, by providing an immediate infusion of much needed liquidity to the nation’s mortgage market.
An economic impact study conducted by NAR in January 2008 estimated that increasing the GSEs’ conforming loan limits would result in as many as 500,000 refinanced loans and could help reduce foreclosures by as much as 210,000. In addition, over 300,000 additional home sales could be generated, housing inventory would be reduced and home prices would be strengthened by two to three percentage points.
HUD was mandated in the Economic Stimulus Act to publish new loan limits within 30 days of the bill's signing by President Bush on February 13. NAR strongly supported this economic stimulus package because of the relief we felt it would bring our members.
Friday, February 29, 2008
Oklahoma Sooners Sports Memorabilia & Custom Framing
For Sports Memorabilia & Custom Framing Visit:
Signature Framing
6716 NW 39th Expressway
Bethany, Oklahoma 73008
405-470-5834
OR
www.SignatureFraming.net
Wednesday, February 27, 2008
Great News for Oklahoma Real Estate!!!!
The 291-city report finds widespread declines, but the worst pain is found in California, where homes on average lost 6.7% of their value over the year; Florida, where homes prices declined 4.7%; and the desert Southwest, where overbuilt Arizona and Nevada continue to writhe.
Despite the drama in those places, though, prices in most of the rest of the country held up relatively well, losing less than 2% or even, in a few places, growing. The stability is found in the middle of the country, which never saw the stunning boom-year price increases that now are unraveling in former boom markets like Florida, California, Arizona and Nevada.
In eight states, house prices rose year over year: Utah, 9.3%; Wyoming, 8.3%; North Dakota, 7.8%; Montana, 6.9%; Texas, 6.2%; New Mexico, 5.4%; Washington, 5.4%; and Oklahoma, 5.1%.
Courtesy of: MSN.com and www.WyattPoindexter.com
Wyatt Poindexter
Keller Williams Realty
405-417-5466
wyatt@wyattpoindexter.com
Despite the drama in those places, though, prices in most of the rest of the country held up relatively well, losing less than 2% or even, in a few places, growing. The stability is found in the middle of the country, which never saw the stunning boom-year price increases that now are unraveling in former boom markets like Florida, California, Arizona and Nevada.
In eight states, house prices rose year over year: Utah, 9.3%; Wyoming, 8.3%; North Dakota, 7.8%; Montana, 6.9%; Texas, 6.2%; New Mexico, 5.4%; Washington, 5.4%; and Oklahoma, 5.1%.
Courtesy of: MSN.com and www.WyattPoindexter.com
Wyatt Poindexter
Keller Williams Realty
405-417-5466
wyatt@wyattpoindexter.com
Wednesday, February 20, 2008
Obeo Partners with Zillow.com
Obeo, the largest provider of full-service residential real estate online marketing products in North America, today announced a partnership with real estate Web site Zillow. Zillow's newly launched free Listings Feed program allows brokerages and Web vendors across the country to automatically bulk feed their for-sale listings to Zillow.com, which reaches 4 million people each month.
Through Listings Feed, Zillow will also offer a virtual Sold Sign program in the coming months. Virtual Sign Sold allows a broker's branding and contact information to become permanently embedded in a sold home's Zillow page.
"An enhanced Obeo listing that offers a high-quality virtual tour and interactive tools such as SpaceDesigner, a drag-and-drop furniture layout planner; and StyleDesigner, a virtual home-remodeling tool, help our customers better market properties," said Glade Jones, Obeo's president and CEO. "Combine those features with the expanded reach Zillow's Listings Feed program provides and you've got an Obeo customer positioned to greatly improve their numbers - in any market."
Having that dynamic visual content and interactive research tools is critically important but only one component, according to Brent Gray, Obeo's chief operating officer. "An agent has to have the means to deliver that content to buyers," he said. "Establishing a relationship with a forward-looking industry giant like Zillow will help us give our customers the competitive edge they seek."
"At Obeo, our mission has always been to bring the best online marketing solutions to real estate professionals across North America, and to align ourselves with others doing the same thing," Jones said. "We are elated Zillow.com has joined our elite group of marketing partners that includes Google Base, Trulia, Realtor.com, Yahoo! Real Estate and Homes.com."
www.OBEO.com
Through Listings Feed, Zillow will also offer a virtual Sold Sign program in the coming months. Virtual Sign Sold allows a broker's branding and contact information to become permanently embedded in a sold home's Zillow page.
"An enhanced Obeo listing that offers a high-quality virtual tour and interactive tools such as SpaceDesigner, a drag-and-drop furniture layout planner; and StyleDesigner, a virtual home-remodeling tool, help our customers better market properties," said Glade Jones, Obeo's president and CEO. "Combine those features with the expanded reach Zillow's Listings Feed program provides and you've got an Obeo customer positioned to greatly improve their numbers - in any market."
Having that dynamic visual content and interactive research tools is critically important but only one component, according to Brent Gray, Obeo's chief operating officer. "An agent has to have the means to deliver that content to buyers," he said. "Establishing a relationship with a forward-looking industry giant like Zillow will help us give our customers the competitive edge they seek."
"At Obeo, our mission has always been to bring the best online marketing solutions to real estate professionals across North America, and to align ourselves with others doing the same thing," Jones said. "We are elated Zillow.com has joined our elite group of marketing partners that includes Google Base, Trulia, Realtor.com, Yahoo! Real Estate and Homes.com."
www.OBEO.com
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