Monday, February 4, 2008

KNOW THE LOCAL REAL ESTATE MARKET

According to an article in the Tulsa World on January 29, 2008, Oklahoma was one of only six states to show a decrease in foreclosures in 2007 when compared to 2006. Nationally, 2.20 million foreclosures were filed, up 75% over 2006. During the same period, foreclosures fell 12.8% in Oklahoma. Additionally, less one percent (0.52%) households in Oklahoma faced foreclosure. These facts are just another example to support the reality that our market is much different than what is being reported in the national media.

For more information contact me at slaunchbaugh@cbtulsa.com