This blog is directed towards Real Estate in Oklahoma and other parts of the United States that are not affected by the so called Real Estate bubble bursting. One of the very first questions I am asked when people find out that I am a Realtor is "How is the market doing?" followed quickly before I can give a response "I hear it is not doing very well". People have the tendency to believe everything that the media reports on, whether it pertains to the part of the country they live in or not. Because Real Estate on the East and West coast started showing a decline in home values, the media reported on this and people here in Oklahoma started believing that the gloom and doom days are here. In Oklahoma 2007 will go down as the 5th highest year for home sales in history. One of the differences between 2007 and 2006 is that homes stayed on the market a little longer. Home values are still increasing and are selling close to the list price.This information is more positive than what the media reports and what they want us to believe. With mortgage rates historically low and dropping and new lending programs coming available, 2008 looks to be a very promising year for home sales.