Home values in the Tulsa Metro area have increased 20% since March 2010. So, if you purchased a $200,000 home in 2009 or 2010, that means your home today may possible be worth between $235,000 and $240,000. This trend is very likely to continue.
Interest rates in the spring of 2010 averaged 5.1%. Today an average interest rate is 3.5%. This is a savings of $198 per month on a $200,000 loan.
In 2013, 2.09% of the sales are foreclosures; in 2010, over 4% of all sales were foreclosures. In some cases foreclosures are still affecting the value of certain neighborhoods, but having half the number of foreclosures on the market is a great thing for our local economy.