In parts of the country, home values have fallen as much as 57%. Yes, the bubble has burst, but Oklahoma boasts a stable economy with some of the lowest unemployment rates in the US which are reflected in a minor loss in home values. The proof is in the numbers.
Currently, the bulk of the Buyers in the Oklahoma City and surrounding areas are the "2nd-time Homebuyers" or those upgrading from the sale of their previous home to those first-time Homebuyers that sought the tax credit incentives that ended in April. Now is the time to sell if you have a home in the value range of $150,000 - $300,000. Those experienced buyers are savvy enough to know the interest rates combined with home prices are the only incentive they need to buy.
Keep up the good work Oklahoma!
Natalie Flaming
Realtor - Broker Associate
The VIP Team
Metro First Realty
www.TheVIPofOKC.com
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