Tulsa Real Estate For Sale and Information Updates : Tulsa real estate, homes for sale

New Homes Fill Demand for 2 1/2 Baths

Janet & Graham Ford — Sun, 21 Apr 2013 06:03:00 GMT

New Homes Fill Demand for 2 1/2 Baths

Roughly one-third of home buyers are looking for a home with two full
bathrooms, and roughly one-third of both new and existing homes have exactly
two full bathrooms. But over half of buyers want a home with more than two full
baths, and that's where new homes do a much better job of matching current
preferences.

According to NAHB's recent What Home Buyers Really Want survey, 43 percent
of recent and prospective buyers want a home with either two and a half or
three full baths. That matches exactly the percentage of new homes built in
2011 with two and a half or three full baths. On the other hand, relatively few
existing homes, and even fewer existing homes on the market for sale, have that
many bathrooms.

According to the official definitions, a full bathroom has hot & cold
running water, a sink, a toilet, and a shower or bathtub. A half bathroom has
hot & cold running water and either a toilet or shower/bathtub.

The distributions of buyer preferences for number of bathrooms and actual
number of bathrooms in new and existing homes are shown in the table below.
From the table it's easy to see that new homes matches what buyers say they
want quite closely, with the new-home distribution skewed only slightly toward
the high end (more than three full bathrooms).

In contrast, the distribution of bathrooms in existing home is skewed strongly
toward the low end. About a third of existing homes-and 40 percent of existing
homes that on the market for sale-have fewer than two full bathrooms, something
relatively few home buyers say they want.

In the table above, data on new homes comes from the Survey of Construction public use file, and is
based on single-family homes started in 2011. Data on existing homes comes from
the 2011 American Housing Survey and is based on
homes that are classified either owner-occupied or vacant for sale. Both
surveys are funded by the Department of Housing and Urban Development's Office
of Policy Development & Research, and conducted by the U.S. Census Bureau.

View this original article on the NAHB blog, Eye on Housing.

Reprinted with permission from RISMedia.
©2013. All rights reserved.

Janet & Graham Ford
Phone: (918) 798-4428
4105 S. Rockford Ave
Tulsa, OK 74105
www.janetford.com
info@janetford.com

To Buy A Dream Home, or the Dream Location, That Is The Question

Janet & Graham Ford — Wed, 20 Mar 2013 07:21:00 GMT

To Buy A Dream Home, or the Dream Location, That Is The Question

“Love looks not with the eyes, but with the mind” - William Shakespeare

Is this the same for a home buyer and a buyers motivation?

Unfortunately for many buyers, houses finally end up being more important than neighborhoods. Now, think of a neighborhood in your community that you would never consider living in. Now, suppose that your ‘dream home’ was suddenly available within that neighborhood. Would you buy it? Some would think likely not, due to whatever negative associations that neighborhood holds for you, but unfortunately many buyers switch their focus to the house and forget about their neighborhood. Now, think of that neighborhood where you would love to live. How many concessions would you be willing to make to find a home within that lovely neighborhood? For most people, there are quite a few. That big whirlpool tub is not a necessity; the additional bedroom that is not really needed; appliances can always be swapped out; a separate office is not mandatory, use that additional bedroom for it. However, when all is said and done, many buyers will revert back to the dream home and not the dream neighborhood.

Buyers can tend to lose focus and concentrate on the benefits of the home to them, i.e., it already has updated kitchen and baths, has an office or game room, is new construction etc. “I can get more bang for my buck with this home,” so they believe. Of course there is a reason for that – poor location when compared to others previously chosen. They can then pass over the home that does not appeal so much that is better located in their chosen neighborhood. It should be remembered, home updates, building an addition, removing a wall, changing paint color etc., can be done to any home in any neighborhood. The crux of the matter is you can change the home so it has all that you desire, but you cannot change its location.

When it comes to price a buyer needs to remember that identical houses in different neighborhoods, do not equal the same $ price. Adjustments must be made for location, location, location.

If you are a home buyer, stick with your chosen neighborhoods and purchase a home within one of them. The home may not give you all that you originally set out for. Change the home and live the dream in that location. You will certainly be happier with that decision. You can have the “house of your dreams,” but if it is badly located, it will not remain your dream home for too long.

Janet & Graham Ford
Phone: (918) 798-4428
4105 S. Rockford Ave
Tulsa, OK 74105
www.janetford.com
info@janetford.com

Home Prices in 2012: Best Year-on-Year Gain in Six Years

Janet & Graham Ford — Sat, 09 Feb 2013 13:04:00 GMT

Home Prices in 2012: Best Year-on-Year Gain in Six Years

CoreLogic®, a leading residential property information, analytics and services provider, recently released its December CoreLogic HPI® report. Home prices nationwide, including distressed sales, increased on a year-over-year basis by 8.3 percent in December 2012 compared to December 2011. This change represents the biggest increase since May 2006 and the 10th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.4 percent in December 2012 compared to November 2012. The HPI analysis shows that all but four states are experiencing year-over-year price gains.

Excluding distressed sales, home prices increased on a year-over-year basis by 7.5 percent in December 2012 compared to December 2011. On a month-over-month basis, excluding distressed sales, home prices increased 0.9 percent in December 2012 compared to November 2012. Distressed sales include short sales and real estate owned (REO) transactions.

The CoreLogic Pending HPI indicates that January 2013 home prices, including distressed sales, are expected to rise by 7.9 percent on a year-over-year basis from January 2012 and fall by 1 percent on a month-over-month basis from December 2012, reflecting a seasonal winter slowdown. Excluding distressed sales, January 2013 house prices are poised to rise 8.6 percent year over year from January 2012 and by 0.7 percent month over month from December 2012. The CoreLogic Pending HPI is a proprietary and exclusive metric that provides the most current indication of trends in home prices. It is based on Multiple Listing Service (MLS) data that measure price changes for the most recent month.

“December marked 10 consecutive months of year-over-year home price improvements, and the strongest growth since the height of the last housing boom more than six years ago,” says Mark Fleming, chief economist for CoreLogic. “We expect price growth to continue in January as our Pending HPI shows strong year-over-year appreciation.”

“We are heading into 2013 with home prices on the rebound,” said Anand Nallathambi, president and CEO of CoreLogic. “The upward trend in home prices in 2012 was broad based with 46 of 50 states registering gains for the year. All signals point to a continued improvement in the fundamentals underpinning the U.S. housing market recovery.”

Highlights as of December 2012:

• Including distressed sales, the five states with the highest home price appreciation were: Arizona (+20.2 percent), Nevada (+15.3 percent), Idaho (+14.6 percent), California (+12.6 percent) and Hawaii (+12.5 percent).
• Including distressed sales, this month only four states posted home price depreciation: Delaware (-3.4 percent), Illinois (-2.7 percent), New Jersey (-0.9 percent) and Pennsylvania (-0.5 percent).
• Excluding distressed sales, the five states with the highest home price appreciation were: Arizona (+16.4 percent), Nevada (+14.7 percent), California (+12.8 percent), Hawaii (+11.7 percent) and North Dakota (+10.8 percent).
• Excluding distressed sales, this month only three states posted home price depreciation: Delaware (-1.9 percent), Alabama (-1.0 percent) and New Jersey (-0.5 percent).
• Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to December 2012) was -26.9 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -20.8 percent.
• The five states with the largest peak-to-current declines, including distressed transactions, were Nevada (-52.4 percent), Florida (-43.5 percent), Arizona (-39.8 percent), Michigan (-36.5 percent) and California (-35.4 percent).
• Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, only 16 are showing year-over-year declines in November, two fewer than in November.

For more information, visit www.corelogic.com

Janet & Graham Ford

Phone: (918) 798-4428

4105 S. Rockford Ave

Tulsa, OK 74105

www.janetford.com

info@janetford.com

Price Reduced on 9407 S.Jamestown Ave in Tanglewood

Janet & Graham Ford — Sat, 29 Dec 2012 11:19:00 GMT

Tanglewood, Tulsa - Announcing a price reduction on 9407 S.Jamestown Ave, a 4,120 sq. ft., 4 bath, 4 bdrm 1 1/2 story. Now MLS® $525,000 - New Price, was originally $612k.

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