Let's say in 2020, you could afford a monthly mortgage payment of $1,343. At an interest rate of 3.5%, you can afford a mortgage of $300,000. Down payment and closing costs are separate.Today, with the average mortgage rate at 6.7%(FRED), the same $1,343 monthly mortgage payment will be the payment for a mortgage of $210,000.So, one can see that extended higher interest rates put a lot of pressure on home prices. Time will tell if this is a new normal or rates will eventually drift down. So far, the Fed rate cuts have not had the intended results as far as home affordability.After all the Fed Funds rate is a very short term rate that the Fed sets a target rate for banks to borrow from each other over night, so it has a very indirect effect on mortgage rates.In 2024, the stock market and... 12/20/2024

So in looking at how Tulsa real estate did in 2024, I came across the following:According to Google Generative AI, which quoted Capital Homes, the median home price is $289,000 which is a year over year increase of 5.1%.According to Realtor.com, in November 2024 the average home in Tulsa is $260,000, a decrease of 6.8%.Zillow says the median home price in Tulsa is a mere $200,029 (a very precise number) up 4.7%.Redfin says the average home in Tulsa is $225,000 a 2.8% decrease as of Oct 24th.I have quite a selection of statistics to pick from depending on what tale I want to tell!Nowadays with AI and narratives, it's very important to look behind the curtain to see how the data is derived. For instance does the average include the ten million dollar Southern Hills or Wenmoor home? Or was... 12/16/2024

The idea of Yin & Yang is that opposing forces create balance/harmony. Pain and pleasure, night and day, sickness and health, good and evil, the moon waxes and wanes and so forth... The Chinese sage Lao Tse advocates the "middle way" avoiding extremes of one way or another.The two concepts I would like to explore as it pertains to real estate investing are cashflow and equity.There is a saying, "Cashflow is king, you can't eat Equity." It definitely starts with cashflow, calculating how much downpayment is required to have adequate cashflow for expenses. An unexpected expense that can't be covered by existing cashflow can cause a business to liquidate assets. Good examples are occasionally REITS and mutual funds that have to liquidate funds to cover redemptions. Although equity is a for... 09/13/2024

If you watch certain financial influencers, they will specifically say, "Don't buy a house" or "a house is not a good investment. These include Ramit Sethi, Morgan Housel, and Robert Kiyosaki who famously says, "A house is not an asset," despite owning according to him around 16,000 units. He also completely ignores the accounting equation of Asset=Liabilities + Equity, or he just creates his own definition of what an asset is.The value for the average household in the US (US Census 2021) of their real estate holdings, equity in their own home, rentals plus other is around 36% of their net worth. The census excludes wealthiest 1% as it tends to skew the results. So, is it responsible for an influencer to make such blanket statements of an asset class that represents a substantial portio... 01/17/2024

Ethan and Brittany recently bought a home in Tulsa, Oklahoma for $160,000. They are the youngest home buyers I've ever worked with, the previous was a tennis pro Olivia who was 23 and Alex, a nurse, she was also 23. Ethan is 22 and Brittany is 19!The average age of a first time home buyer in the US according to HUD is 33. So when I witness an outlier event like this, I like to review exactly what happened and ask some questions in order to motivate other people and show the steps to do something similar.Ethan did live with his parents for two years, he is a chef at a country club. Brittany says about him, "He doesn't spend money, he works and saves." He managed to save over $20,000, the down payment and closing costs for their home was a little over $12,000.Starting at a younger age giv... 09/13/2022

Well-Appointed Luxurious Home 6044 S Lakewood Ave Tulsa OK For Sale Very Inviting and well appointed brick home at 6044 S Lakewood Ave, Tulsa, OK, has recently been beautifully and completely renovated.        Ceiling to floors, wall to wall, from the large details to the smallest ones, each detail displays the thought that was given to function and style.  6044 S Lakewood Ave, Tulsa, OK  has been revamped and made new!      You'll enjoy the easy to maintain waterproof plank flooring throughout most of the home. Open well designed floorplan at 6044 S Lakewood Ave, Tulsa, OK.  Large Master Bedroom with huge Walk-in Closet and Ensuite Master Bath with extra large Custom Shower and two vanities.   Three very spacious bedrooms and two bathrooms.  Home has 2 living area and a dining room ope... 12/18/2021

Frederick Libby was born in Sterling, Colorado back in 1891.  Not much is known about his early childhood, but he was roping pronghorn at the age of ten.  In 1904, he moved to the Indian Territory to work as a horse broker.  In 1910, he moved to Phoenix, Arizona working as a cowboy. He was living in Canada when WWI started working as a chauffeur.  He enlisted in the Canadian Army in 1915, assigned to the motor transport division for the Canadian Expeditionary Force.  he served in France before he volunteered to join the Royal Flying Corps, becoming an observer with the 23rd Squadron.  On his first day of training it was machine gun practice in the morning, and flight status that afternoon.  On his very first combat mission which was on his birthday he scored his first victory.  Back the... 05/30/2021

Dorothy Elizabeth Blackman was born in California back in 1903.  She attended the Bennett School for Girls in Millbrook, New York, a school in Lausanne, Switzerland and at the Sorbonne.  She was an actress and had a role in Green Grow the Lilacs.  She also performed in several Charlie Chan films.In 1937, she moved to Paris with her future husband Jacques Leyton.  In France she produced and interviewed people on programs for Radio Mondial.  She also was the Voice of America denouncing the Nazi regime.  In 1942, she was arrested by the Nazis, but with the help of French doctors she escaped.  Later that she joined the resistance movement helping 42 downed Allied airmen escape to freedom and hiding others in her home until the war ended.She died in Corona del Mar, California in 1997, she wa... 05/27/2021

Casey Legler was born in Fréjus Var, France in 1977.  She attended school in France and American.  She began competitive swimming at the age of 13.  She competed in the 1996 Summer Olympics at the age of 19.  Her team broke the world record in practice the day before, they came in 29th in the women’s 50 meters freestyle event, they came in 10th in the women’s 4x100 meters freestyle relay event.She gave up swimming about two years later and studied architecture, she obtained a scholarship for law school and began medical school.  She graduated cum laude from Smith College before moving to New York to begin a focus on an artistic career.What you may not know about Casey is that she is an author, her first book Godspeed: A Memoir was released in 2019 published by Simon & Schuster.  However... 05/15/2021

Here is a look at the housing market as of April 25, 2021 for farms and ranches, single-family houses on 20 or more acres within a 60-mile radius of Tulsa, Oklahoma, (within commuting distance of Tulsa, OK). These are real estate market statistics for single-family houses on 5 to 20 acres within commuting distance of Tulsa, OK (farms and ranches within a 60-mile radius an hour around Tulsa).At every price point it is still a sellers’ market for farms and ranches within commuting distance of Tulsa, Oklahoma.The following graph shows the change in the 3-month absorption rate over the past twelve months for farms and ranches, single-family homes (i.e., houses) on 20 plus acres within a 60-mile radius of Tulsa, Oklahoma, (within commuting distance of Tulsa, OK).This article is a real estate... 05/09/2021

Here is a look at the housing market as of April 25, 2021 for hobby farms, single-family houses on 5 to 20 acres within a 60-mile radius of Tulsa, Oklahoma, (within commuting distance of Tulsa, OK). These are real estate market statistics for single-family houses on 5 to 20 acres within commuting distance of Tulsa, OK (hobby farms within a 60-mile radius an hour around Tulsa).It is definitely a sellers’ market for hobby farms within commuting distance of Tulsa, Oklahoma. This month, the entire market is skewed in favor of sellers, since a six-month supply of homes is considered a balanced market for existing single-family homes.The following graph shows the change in the 3-month absorption rate over the past twelve months for hobby farms, homes (i.e., single-family houses) on 5 to 20 ac... 05/07/2021

Here is a look at the housing market as of April 25, 2021 for country estates, houses on 2 to 5 acres within a 60-mile radius of Tulsa, Oklahoma, (within commuting distance of Tulsa, OK).   These are real estate market statistics for single-family houses on 2 to 5 acres within commuting distance of Tulsa, OK (country estates within a 60-mile radius an hour around Tulsa).The following graph shows the change in the 3-month absorption rate over the past twelve months for country estates, single-family homes (i.e., houses) on 2 to 5 acres within a 60-mile radius of Tulsa, Oklahoma, (within commuting distance of Tulsa, OK). This article is a real estate market analysis for country estates, single-family homes, within commuting distance of Tulsa for the period from December 25, 2020 through M... 05/05/2021

Here is a look at the Jenks, OK housing market as of April 25, 2021.The following graph shows the change in the 3-month absorption rate over the past twelve months for single-family homes (i.e., houses) in Jenks, OK.This article is a real estate market analysis for single-family homes in Jenks, Oklahoma for the period from January 25, 2021 through April 25, 2021. It is an analysis of trends and shifts in the real estate market for houses in the City of Jenks together with the Jenks Public School District since the previous month (March 2021).This post is a study of the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-family homes) to show: the hotness index for houses, calculating the ratio between pending a... 05/03/2021

Earnest Orlando Lawrence was born in Canton, South Carolina back in 1901 to Carl and Gunda.  He attended schools at Canton and Pierre, after graduation he enrolled at the University of South Dakota in Vermillion.  He received his bachelor’s degree in chemistry in 1922.  He then enrolled at the University of Minnesota receiving his Master of Arts degree in physics in 1923.He moved to New Haven, Connecticut where he completed his Doctor of Philosophy degree in physics in 1925.  With Jesse Beams from the University of Virginia he continued his research in the photoelectric field.  He was hired as an associate professor of physics and the University of California in 1928, two years later he became a full professor.  After the outbreak of World War II, he was drawn into military projects.  W... 05/01/2021

Here is a look at the Owasso, OK housing market as of April 25, 2021.    This is an analysis of real estate market trends for single-family houses in Owasso, OK.The following graph shows the change in the 3-month absorption rate over the past twelve months for single-family homes (i.e., houses) in Owasso, OK.This article is an analysis of the market for single-family homes in Owasso, Oklahoma for the period from January 2021 through April 25, 2021. It is an analysis of trends and shifts in the real estate market for houses in the City of Owasso together with the Owasso Public School District since the previous month (March 2021).This post is a study of the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-fam... 04/29/2021

Here is a look at the Broken Arrow, OK housing market as of April 25, 2021.The following graph shows the change in the 3-month absorption rate over the past twelve months for single-family homes (i.e., houses) in Broken Arrow, OK.This article is a real estate market analysis for single-family homes in Broken Arrow, Oklahoma for the period from January 25, 20201 through April 25, 2021. It is an analysis of trends and shifts in the real estate market for houses in the City of Broken Arrow together with the Broken Arrow Public School District since the previous month (March 2021).This post is a study of the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-family homes) to show: the hotness index for houses, cal... 04/28/2021

Here is a look at the midtown Tulsa, OK housing market as of April 25, 2021.The following graph shows the change in the 3-month absorption rate over the past twelve months for single-family homes (i.e., houses) in midtown Tulsa, OK. This article is an analysis of the market for single-family homes in midtown Tulsa, Oklahoma for the period from January 2021 through April 25, 2021. It analyzes the trends and shifts in the real estate market for houses in midtown Tulsa since the previous month (March 2021).This post is a study of the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-family homes) to show: the hotness index for houses, calculating the ratio between pending and active MLS listings; the velocity of... 04/28/2021

Here is a look at the Jenks, OK housing market as of March 25, 2021.The following graph shows the change in the 3-month absorption rate over the past twelve months for single-family homes (i.e., houses) in Jenks, OK.This article is a real estate market analysis for single-family homes in Jenks, Oklahoma for the period from December 25, 2020 through March 25, 2021. It is an analysis of trends and shifts in the real estate market for houses in the City of Jenks together with the Jenks Public School District since the previous month (February 2021).This post is a study of the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-family homes) to show:      the hotness index for houses, calculating the ratio between ... 04/01/2021

Here is a look at the Owasso, OK housing market as of March 25, 2021.The following graph shows the change in the 3-month absorption rate over the past twelve months for single-family homes (i.e., houses) in Owasso, OK.This article is an analysis of the market for single-family homes in Owasso, Oklahoma for the period from December 2020 through March 25, 2021. It is an analysis of trends and shifts in the real estate market for houses in the City of Owasso together with the Owasso Public School District since the previous month (February 2021).This post is a study of the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-family homes) to show: the hotness index for houses, calculating the ratio between pending ... 03/30/2021

Here is a look at the Broken Arrow, OK housing market as of March 25, 2021.The following graph shows the change in the 3-month absorption rate over the past twelve months for single-family homes (i.e., houses) in Broken Arrow, OK.This article is a real estate market analysis for single-family homes in Broken Arrow, Oklahoma for the period from December 25, 2020 through March 25, 2021. It is an analysis of trends and shifts in the real estate market for houses in the City of Broken Arrow together with the Broken Arrow Public School District since the previous month (February 2021).This post is a study of the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-family homes) to show:      the hotness index for hou... 03/29/2021