The Sky’s the (Loan) Limit
By Gary Thomas, 2012 President-Elect, National Association of REALTORS®
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Matt Rathbone
Greater Tulsa Metro REALTOR
Keller Williams Realty
(918) 645-4116
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Tulsa Real Estate, Condos, Homes for Sale
Jenks Real Estate, Condos, Homes for Sale
Broken Arrow Real Estate, Condos, Homes for Sale
Northeastern Oklahoma Real Estate, Condos, Homes for Sale
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# posted by
Matt Rathbone @ 10:46 PM
Greater Tulsa Real Estate Absorption Rate for September 2011
If you would like information on other statistics for the Tulsa Region send me a note and I will send you the information.
Are you looking for a great Realtor, I would like to apply for the job. Give me a call 918-645-4116.
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Matt Rathbone
Greater Tulsa Metro REALTOR
Keller Williams Realty
(918) 645-4116
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Tulsa Real Estate, Condos, Homes for Sale
Broken Arrow Real Estate, Condos, Homes for Sale
Northeastern Oklahoma Real Estate, Condos, Homes for Sale
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# posted by
Matt Rathbone @ 9:07 PM
If you are involved in anyway in a Real Estate transaction then you more than likely know about the current Buyers market are having. What determines that we are having a buyers market?
It's really very simple, it's a mathematical formula known as the Absorption Rate. It represents the relationship of supply and demand in the market. If you take the total amount of available homes and divide by the total amount of sold homes the previous month. Then you get a number that represents the number of months it would take, at the same pace, to sell the entire inventory of homes.
Normal Market = Absorption rate of 5-7 months
Sellers Market = Absorption rate of 1-4 months
Buyers Market = Absorption rate of 7 or more months.
Why is the absorption rate important?
This may be extremely important for you to know for instance, do you have to sell quickly for some reason. Are you building a new house or maybe relocating then you will want to know the number. If you know that we have a 12 month absorption rate then you will want to be sure you price your home right in order to be in front of those numbers. Buyers have an advantage in the market right now. Take a look at the latest numbers from the Tulsa MLS.
Example:
Add together the number of Active/Pending Listings 1,000
# of Sold Last Month 100 x 12 divided by 52 = 23.08
# Sold of Active divided by the number of sold 1,000/23.08 = 43.33 weeks
Absorption Rate = 10.08 months
# posted by
Matt Rathbone @ 8:25 PM
Art Deco
The 1925 Paris Exhibition Internationale des Arts Decoratifs launched the Art Deco style, which echoed the Machine Age with geometric decorative elements and a vertically oriented design. This distinctly urban style was never widely used in residential buildings; it was more widespread in public and commercial buildings of the period.
Towers and other projections above the roofline enhance the vertical emphasis of this style, which was popularized by Hollywood movies of the 1930s. Flat roofs, metal window casements, and smooth stucco walls with rectangular cut-outs mark the exteriors of Art Deco homes. Facades are typically flush with zigzags and other stylized floral, geometric, and "sunrise" motifs. By 1940 the Art Deco style had evolved into "Art Moderne," which features curved corners, rectangular glass-block windows, and a boat-like appearance. Popularized in the United States by Finnish architect Eliel Saarinen, the style enjoyed a revival in the 1980s.
Matt Rathbone
Greater Tulsa Metro REALTOR
Keller Williams Realty
(918) 645-4116
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Tulsa Real Estate, Condos, Homes for Sale
Broken Arrow Real Estate, Condos, Homes for Sale
Northeastern Oklahoma Real Estate, Condos, Homes for Sale
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# posted by
Matt Rathbone @ 3:41 PM
