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Oklahoma City Real Estate - Homes for Sale

Realtor Alice Dahlgren markets homes throughout greater N.W. Oklahoma City, Edmond and surrounding areas. Alice's training, experience and dedication to client needs — for more than two decades — result in sales performance that earns the highest client satisfaction and professional recognition.

• Experienced negotiator
• Full-time, licensed personal staff
• Outstanding, broad-based marketing program
• Services for buyers and sellers of existing homes, new construction, acreage and lots
• Credentialed ABR, CRP, CRS, GRI

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Area Weather

Oklahoma City, Will Rogers World Airport, OK
Conditions: Mostly Cloudy and Breezy
Temperature: 100.0 F (37.8 C)
Wind: from the South at 20.7 gusting to 25.3 MPH (18 gusting to 22 KT)

Interest Rate Watch: CURRENT MORTGAGE RATES

U.S. daily averages as of May 7, 2009:

30 yr fixed:	4.84%
15 yr fixed:	4.51%
1 yr adj:	4.78%

By comparison the May, 2008 rate for 30 yr. fixed was 6.37%.                         

• ALICE'S MAY NEWSLETTER
• ALICE'S APRIL NEWSLETTER
• FUN HOUSEHOLD HINTS
• MORE TIPS - SEE THE LIBRARY
• READ DAILY REAL ESTATE NEWS
• 10 REASONS WHY OKC THRIVES
• VIDEO: OKLAHOMA CITY-A BETTER LIVING, A BETTER LIFE
• CNN MONEY: OKC HOME VALUES UP 4%
• ARTICLE IN USA TODAY: CLOSE TO HOME: OKC'S HOME SALES ARE HOLDING UP 
  

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A lot of people are nervous about what they are reading in the newspaper and hearing on TV. But how can you blame them?

The media is bombarding people with reports about the housing decline and the sub-prime mortgage mess.

However, Chief Economist for the National Mortgage Bankers Association, Doug Duncan decided to set the record straight. In a private conversation, Doug said that people have nothing to worry about in Oklahoma .

Some of his defenses were:

• The foreclosure problem in this country is really a story about 7 states.
• The biggest foreclosure problem is in Michigan Ohio, and Indiana. These are predominantly manufacturing states.  Since 2001, Michigan has lost 300,000+ jobs.
• The other 4 states are California, Florida, Arizona, and Nevada. In each of these states there has been significant overbuilding. 25% of the foreclosures in these states are on properties that are held by investors who were speculating.
• California and Florida have been hit very hard. 95% of the homes in the do not have a mortgage.   
• 98% of the mortgages in the are performing.
• Only 9% of all mortgages are sub-prime. 
• 75% of all sub prime mortgages are performing
• In the other 43 states, foreclosures have fallen in 2007 from 2006.
  

Right now, our local inventory levels are half the national average and well-priced homes are selling fast.

Information provided by: David Lee, President Aduddell Mortgage Group

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