Home Creations News

Another great reason to live in Oklahoma

Heard on the radio this morning that Governor Brad Henry has declared today “Paul McCartney Day” in honor of the former Beatles’ performance tonight at the BOK Center in Tulsa. Next to having an awesome real estate market in our state, this is just one more great reason to live in Sooner Territory! To Sir McCartney, if you ever decide to retire to Oklahoma City or Tulsa, we can hook you up with some great news homes all over the state!  

Oklahoma City home values increasing

According to the July issue of Shopping Centers Today, Zillow.com, a real estate research website, reported that the average Oklahoma City home value increased 5.1 percent in the 1st quarter of 2009. To learn more encouraging news about Oklahoma City’s bustling economy, visit OKC Chamber.  

New home sizes shrinking

Robin Meade of Morning Express with CNN reported this morning that the median new home size is getting smaller . It’s now 2,065 square feet. Our average home sold this year is roughly 1,550 square feet, 3 bed, 2 bath, 2 car garage brick structure for around $147,000. Guess the McMansions of yesterday are no longer in style.    Edit: To clarify the new smaller home size – the new median size of 2,065 square feet is for new construction. Sorry for the confusion.

Will home buyer tax credit be extended?

The National Association of Home Builders is urging members to contact Congress for a one-year extension of the $8,000 home buyer tax credit.  In addition, the NAHB also wants Congress to offer the $8,000 to any home buyer purchasing a primary residence. The way the program works now, only first-time buyers or those who have not owned a home in three years are eligible. This article from NBN News says that extending the program would mean 350,000 new jobs and an additional 383,000 home sales.  

What will you do with your $8,000 tax credit?

If you are one of the recipients of the $8,000 home buyer tax credit, tell us what you’ll do with the money. Will you be financially savvy and invest / save it? Will you spend it on furniture or a vacation? Also, did the $8,000 seal the deal on your decision to buy a home this year, or would you have bought without a financial incentive? Let us hear from you.