Real Estate is Looking Up Nationally/It Has Been A Good Year in OklahomaWednesday, August 13th, 2008
The National Association of Realtors just released the following statement regarding national real estate trends. Please read their statement.
Pending Home Sales Rise, Wider Gains Expected Some improvement is projected for existing-home sales in the months ahead, with broader gains seen by the fourth quarter as buyers take advantage of new provisions provided through the recently passed housing stimulus bill, NAR says.The association’s forward-looking pending home sales index in June rose 5.3 percent to 89.0 from a downwardly revised reading of 84.5 in May, but remains 12.3 percent below June 2007 when it stood at 101.4. "The rise in pending home sales was broad-based with all four regions showing gains," says NAR Chief Economist Lawrence Yun. "This is welcome news because a rise in contract activity is necessary for an overall housing recovery.
Now back to my comments, Oklahoma real estate is off the record pace of the past three years but sales prices are steady and volume of sales is not off very much. Aaron Hughes and Joe Neill of the Grand Lake Team at RE/MAX Grand Lake in Grove, Oklahoma have just came off a great July, 2008 sales pace. We continue to stay very busy helping buyers and sellers with lakefront homes, golf course homes, businesses, ranches, and neighborhood homes around Grove and the entire Grand Lake area.
Now might be the time for you to buy the home you want for retirement, second home, or family home in our area. Call Aaron at 918 801-5645 or Joe at 918 640-3300 for information or showings on Grand Lake real estate. Visit www.grandlakeokhomes.com to view listing around Grand Lake and Northeast Oklahoma.