Tulsa Metro Housing Supply Continues to Rise

The Tulsa, OK metro area housing supply has continued to increase. This graph represents the increase in month's supply of inventory. Although recent reports have claimed the Tulsa, Oklahoma real estate market has hit bottom, the increase in supply indicates the bottom has not yet been reached. Tom Allen, a local appraiser, says "When the month's supply is over ten months, prices drop." Darryl Baskin of McGraw Realtors and host of the television and radio programs "The Future of Real Estate," says "This increase in inventory has less to do with the growing supply and more to do with a slowdown in sales. People just haven't felt confident about making a home purchase. Others have had financial changes which keep them from qualifying. Recent elections may help ease consumer's apprehension." However you view the real estate market, Tulsa area home buyers and sellers should know the facts before entering into a contract to sell or buy a home. For additional information, contact the Baskin Real Estate Specialists of McGraw Realotrs at 918-258-2600 or visit www.darrylbaskin.com.

Posted via email from The Baskin Report

New Luxury Home in South Tulsa!

New Construction in Gated Luxury Bixby, OK. Neighborhood!

12204 South 68th East Avenue
Woodmere Addition in Bixby, Oklahoma
$935,000

5 Bedrooms
4 Full 1 Half Baths
4 Car Garage

Gorgeous Master Retreat

Formal Dining with Exquisite Details!

Comfortable Kitchen and Family Room!

For more information on this Gorgeous Bixby, OK Luxury Home or for other Tulsa, OK real estate needs, contact Kelly Howard, McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com.

Could the Economy Sink Even Further?

A recent article posted in Realtor.org, Fed's Aggressive Policy Sparks Critics, discusses the decision announced Wednesday that the Federal Reserve would be buying $600 Billion in Treasure securities.

When the Federal Reserve announced Wednesday that it intended to buy $600 billion in Treasury securities through June, it also signaled that it could make more purchases after that if unemployment remained too high and inflation too low.

But after the announcement many deficit hawks who warned about inflation earlier this year repeated those warnings anew. The Cato Institute, citing a former vice president of the Dallas Fed, said the new program would “sink” the economy.

It’s always possible that the critics are correct and that, this time, inflation really is just around the corner. But there is still no good evidence of it. The better question may be whether the Fed is still behind the curve.

Some economists are optimistic that it has finally found the right balance. Manoj Pradhan, a global economist at Morgan Stanley, pointed out that bond purchase programs lifted growth in Europe and the United States last year—and a broadly similar approach also helped end the Great Depression.

“There are no guarantees,” Pradhan said, “but the historical precedents certainly suggest it will work.”

Others, though, wonder if the program is both too late and too little. “I’m a little disappointed,” said Joseph Gagnon, a former Fed economist who has strongly argued for more action.

The announced pace of bond purchases appears somewhat slower than Fed officials had recently been signaling, Gagnon added, which may explain why interest rates on 30-year bonds actually rose after the Fed announcement.

One thing seems undeniable: the Fed’s task is harder than it would have been six months ago. Businesses and consumers may now wonder if any new signs of recovery are another false start.

Source: The New York Times, Sewell Chan and David Leonhardt 11/03/2010

For your Tulsa, OK real estate needs, contact Kelly Howard, McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com.

How the Election Might Affect Tulsa Foreclosures

With the changes coming as a result of Tuesday's election, there remains a question about how these changes will affect the national and Tulsa real estate market. According to an article posted in the Wall Street Journal by Robbie Whelan, some of the initial results are:

1. Ten of the 12 state attorneys general on the executive committee heading the foreclosure probe lost their re-election bids and won’t be returning to office. However, Ohio’s Richard Cordray, one of the most outspoken AGs, says the change of watch won’t matter very much.

“The issue is still there. The elections don’t change that. It’s going to need to be addressed, from the industry’s standpoint,” he said. “The 50 state investigation will continue to go forward.”

2. In Florida, voters rejected a proposal to change the state’s constitution to allow voters to decide changes to local master plans. The proposal was rejected by two-thirds of voters.

Source: The Wall Street Journal, Robbie Whelan (11/03/2010)

Tulsa, OK foreclosure rate for September 2010 was 1 in every 467 housing units. For Oklahoma, 1 in every 174 housing units and nationally, 1 in every 371. Compared to national foreclosure rates Oklahoma is mid-range. For Oklahoma rates, Tulsa County has higher rates (Source: Realtytrac.com). Although there is no guarantee how these foreclosure rates will be affected by the election changes, only time will really tell if the changes help the economy and lower foreclosure rates.

Stop your Tulsa Foreclosure, contact Stan of The Baskin Real Estate Specialists at McGraw Realtors, 918-258-2600 or www.stopmytulsaforeclosure.com

To read the original article in the Wall Street Journal, click here.
To read the article in RealtorMag, click here.

Luxury Bixby, OK. Ranch for Sale

Gated and Secluded Luxury Estate in Bixby, OK

1724 East 151 Street
in Bixby, OK.

$2,675,000

5 Bedrooms
6.5 Bathrooms
4 Car Garage

Incomparable Gated & Secluded Estate! Luxurious Private Estate sits on 4 Acres w/up to 100 acres available including a 12-acre pond. Rare & unusual hand carvings & stone accents. Master separate from the 3 guest en suites. Gourmet Kitchen, Saloon & More!

For more information on this Luxury Bixby, OK Ranch for Sale or for all your Tulsa, OK real estate needs, contact Kelly Howard, McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com

First-Time Home Buyers Stoke Demand for Smaller, Less Expensive Homes

Hello, Valued Member! Top 5 in Real Estate Network® Members are dedicated to providing you with the most up-to-date, helpful real estate information. This monthly newsletter, "Real Estate Matters," offers articles on a range of topics that will inform you in your real estate pursuits. Having trouble seeing this email? Click to view it as a web page. Add newsletter@rismedia.com to your address book to ensure email delivery. Buying Selling Owning Financing Home Improvement My Website My Listings Darryl Baskin Broker Associate McGraw Realtors My Website Member, Top 5 in Real Estate Phone: 918-258-2600 Cell: 918-740-0077 Fax: 918-398-5110 Email Me This month’s newsletter provides a detailed look at first-time home buyers and the changing landscape of homes in demand. Real Estate Matters also explores strategic default and what you need to know,  advice for home sellers, remodeling update and more. Top 5 Members are uniquely qualified to not only help you get educated on these matters, but make them as effortless as possible. Only Top 5 Members can provide you with the kind of exclusive information found here in Real Estate Matters - a monthly look at what's really happening in the housing market. It's a privilege to provide you with this important information. Enjoy this monthly e-newsletter, and as always, your feedback is welcomed - call or email any time! This Month's Top Story First-Time Home Buyers Stoke Demand for Smaller, Less Expensive Homes RISMEDIA, November 1, 2010—A growing segment of the housing market—first-time home buyers—are contributing to an increase in demand for smaller and less expensive new homes, according to research from economists at the National Association of Home Builders (NAHB). Delving into data from the most recent biennial American Housing Survey, which was conducted by the Department of Housing and Urban Development and the Census Bureau in 2009, the study, “Characteristics of New and First-Time Home Buyers,” finds that 41% of the 8.4 million households who bought a home between 2007 and 2009 were first-time buyers. More Top Stories Strategic Default - What You Need to Know Before You Decide to Walk Away RISMEDIA, November 1, 2010—(MCT)—The moving truck pulled away from the curb, loaded with Wallace Farmer’s possessions. He locked the front door for the last time and left town—clutched by a long-simmering anger that finally gave way to relief. Farmer didn’t sell his Baltimore house, worth far less than the $180,000 he paid in 2006. And he didn’t lose it to foreclosure. He walked away from the rowhouse and the mortgage. It’s the bank’s problem now. Be Market-Smart: Dos and Don'ts for Home Sellers and Buyers RISMEDIA, November 1, 2010—It would be unrealistic to say that the real estate market is utterly rosy right now, but neither is it thorn-filled by any means. In fact, things are decidedly looking up: July got some good news, when the National Association of Realtors reported that pending home sales rose 5.2% from downwardly revised June levels, beating economists’ expectations. This is good news for both buyers and sellers. Home Remodeling Projects Stabilize in 2010 RISMEDIA, November 1, 2010—The fall 2010 U.S. Remodeling Sentiment Report shows that after a year of steady remodeling declines in 2009, the interest in remodeling stabilized in 2010. However, the size and scope of the remodeling projects are much smaller when compared to 2007/2008. Bedroom Design Ideas for Better Sleep and Comfort RISMEDIA, November 1, 2010—Creating a relaxing and comfortable bedroom environment is an important part of getting better sleep. Bay Area interior designer Lisa Staprans offers these interior design ideas for bedroom designs that enhance sleep and rejuvenation. Have You Heard About The Top 5 Real Estate Social Networking SystemSM? Sign up to receive my free, weekly e-Articles - brief, compelling, home-related informational articles that you or your family and friends will find helpful in pursuing your real estate goals! Here are some article samples recently sent out to my Real Estate Social Network: What the Dodd-Frank Act Means for You Top 5 Ways to Sell Your Home More Quickly How New FHA Changes Could Affect Home Buyers Top 10 Green Design Trends for Your Home Email me for more information. * This monthly newsletter is brought to you by your Top 5 in Real Estate Network® Member Agent and is intended as educational information only. RISMedia's Top 5 Real Estate Network® is a network created by, for, and of "leading real estate professionals" who are dedicated to providing "leading real estate information to consumers." The RISMedia Top 5 in Real Estate Network is backed by the commitment and resources of RISMedia. Top 5 was created to fill a profound void in how high-impact consumer relevant information was presented by leading real estate industry members to increasingly sophisticated, discerning, and demanding consumers, in order to both sustain and elevate the ongoing viability and appeal of the industry's leading professionals. For more information, visit www.top5inrealestate.com RISMedia, publisher of Real Estate magazine, is dedicated to providing real estate professionals with the most up-to-date news, information and business development resources in the industry. To submit questions, comments, suggestion, press releases or story ideas, please e-mail realestatemagazinefeedback@rismedia.com. RISMedia, Inc./Top 5 in Real Estate Network® 69 East Avenue, Norwalk, Connecticut 06851 P (203) 855-1234 F(203) 852-7208 www.top5inrealestate.com © 2010. RISMedia, Inc. All Rights Reserved. This email is intended for: post@posterous.com. If you wish to edit your subscription or unsubscribe from Real Estate Matters, please click here.

Posted via email from The Baskin Report

KNOW YOUR VOTING INFORMATION!

One of the biggest and most important United States and Oklahoma elections is tomorrow, November 2, 2010. For many of you, you have already researched the issues and candidates, know your polling place, and are ready to go. For others, however, knowing what you will be voting on is a daunting task and you may not know where to start. For those of you in the latter category, or for those who simply want a little bit more information, read on for some helpful steps to take before you vote and for some vital links to ballot information.

Steps to Take to Ensure a Smoother Voting Process:

1. Know Your Information! Before you go vote, make sure you know the following: your voting precinct, state Senate district, state House district, County Commission district. Knowing this information can ensure that you get all the proper ballots and the right candidates to choose from on your ballot. Follow this helpful link to the Oklahoma State Election Board. Simply click on find your polling place and enter your name, birthday, and zip code. Take this information with you when you vote.
2. Know Your Oklahoma State Questions and Candidates! There will be 11 State Questions on the Ballot tomorrow, as well as elections for 9 statewide partisan offices, and 6 statewide judicial offices. There will also be many district judges and special elections all over the state. Take some time to check out the following links to be an informed voter. Follow this link to Ballotpedia for links to information on each of the 11 state questions. Follow this link to politics1 for information on the statewide elections. This link to tulsacounty will give you a copy of your sample ballot. You will need the information you found in point 1 to get the proper ballot.
3. Go Vote! Make sure you take notes of which candidates, questions, and issues you are in agreement with. You could even print out the sample ballot and mark it for easier reference.

The important thing is to make our voices heard. No matter which candidate or side of the issue you stand on, be informed and go vote.

For all your Tulsa, OK area real estate needs, contact Darryl Baskin, McGraw Realtors, 918-258-2600 or www.darrylbaskin.com