Tulsa's Still Hanging Tough

Mortgage and Lending with Keller Wiliams Realty

Tulsa's Still Hanging Tough

With all the hype about the economy, it is no wonder people are afraid to buy or sell homes.  Although there is no doubt that everything happening on Wall Street affects the real estate market, it is NOT a make-it or break-it event.  Actually, we're still doing well here in Tulsa.  According to an article entitled "Rise in Home Prices Forecast" in the Tulsa World, "A study predicts Tulsa's housing market will see a 2.8 percent INCREASE over the next year" (Evatt, 2008).  This predicted increase makes Tulsa the "fifth-strongest market in the nation" (2008).  In that same article, Eric Fox said, "Lately, Tulsa's been performing well due to economic factors such as its low unemployment rate, its low interest rates and its favorable consumer price index" (2008).  Mike Cotrill, chief operating officer of the Greater Tulsa Association of Realtors, said, "We've had a consistent increase here" (2008).  So whereas other markets in the nation are suffering drastically, Tulsa is still hanging tough.  Be proud you live in Tulsa, don't believe everything you hear and see on the news, and go ahead and live out your dreams for a new home! 

Thank you for reading our post.  Please post your comments!  We'd love to hear what you have to say.  Remember, EllisTeam's goal is YOUR trust, YOUR dreams, YOUR way!



Davey and Tammi Ellis

Davey: 918-845-7503   Tammi: 918-346-5449  

Email:  ellisteam@kw.com     Website:  TheOwassoRealtors.com 

Keller Williams Realty


Evatt, R. (2008, October 30).  Rise in home prices forecast. Tulsa World, p. A3.

Comments (10)

Carol Swain
Keller Williams Real Estate - Langhorne, PA
Realtor, -www.swainsells.com- Bucks County, Pa

That is great to hear you are doing well.  It is nice to hear something positive out of the real estate community.  I have been slower, but I have been talking to a lot of prospects.  Of course everyone is using the classic, after the holidays line.

Dec 01, 2008 08:47 PM
Richard Shuman
The Only B.S. I Have is from the University of Massachusetts - Lake Mary, FL
Real Estate Broker - Orlando Area - Love Referrals

Things are great - low interest rates, plenty of inventory - BUY NOW, BUY 2 - It won't last and buyers have a chance to make a ton of money!

Dec 01, 2008 10:35 PM
Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL

Congrats on your first post - Welcome to ActiveRain!!


Dec 01, 2008 11:28 PM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Davey & Tammi, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash 

PS: FREE blog traffic strategy video...Hope this will help you... click here

Dec 01, 2008 11:52 PM
Jason Ellis
Coastal REO Solutions - Myrtle Beach Short Sales & REO's - Myrtle Beach, SC

great start to AR -- Be careful it can become addictive -- Let me know if I can help with anything -- JE in Myrtle Beach -- GREAT LAST NAME -- J. Ellis

Dec 02, 2008 12:05 AM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Dec 02, 2008 12:51 AM
Morris Childs
PEP source - Spartanburg, SC

Welcome to Active Rain. It just gets easier after your first blog. Just write about what interests you.

Dec 02, 2008 03:49 PM
Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

OK, OK, we give what is the secret to getting our prices going back up again. Clearly your market has figured it out and we just hope you are willing to share. Did you hide the media in a back room somewhere or maybe in your trunk? (14-2)

Welcome to the rain and I'm glad to hear that your market is doing so well!

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com


Dec 03, 2008 04:44 AM
Tim Epps
Fairway Independent Mortgage Corporation - Tulsa, OK

Great news about our market, Davey & Tammi! With all of the gloom and doom from the national news outlets, your local perspective is important for Oklahomans (and those who are soon to be) to hear.

Mortgage rates, while controlled by markets outside of our local area, are great right now. There is NO SHORTGAGE OF MONEY for most borrowers! This is a fact is also not presented properly in much of the news coverage of the real estate industry. In fact, for much of the area that you serve, there is still 100% financing available!

Good luck & keep bringing us good news.

Tim Epps

Dec 03, 2008 07:19 AM
Lorena Westervelt
Van West Realty - Greenville, SC

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

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