South Tulsa Luxury Homes For Sale...

Jenks, OK Luxury Home for Sale

720 W. 108th St. in Jenks
Aberdeen Falls Addition

$1,695,000

5 Bedrooms
5 Full 1 Half Bathrooms
4 Car Garage

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New Construction in Bixby, OK!

12204 South 68th East Avenue
Woodmere Addition in Bixby, Oklahoma
$899,900

5 Bedrooms
4 Full 1 Half Baths
4 Car Garage
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Magnificent Gated Estate in Jenks, OK!

777 West 106th Street
The Estates at Stone Bluff in Jenks, Oklahoma
$2,999,000

5 Bedrooms
7 Full 1 Half Bathrooms
3 Car Garage


For more information on any of these South Tulsa, Oklahoma area luxury homes or to buy or sell your luxury home in the Tulsa, Oklahoma area, contact Kelly Howard of the Tulsa Luxury Property Group at McGraw Realtors at 918-230-6341 or www.kellyhowardhomes.com

The Wealthy Are Buying Real Estate Now Despite...

According to a recent blog post, If Prices Are Falling, Why Are the Rich Buying?, by the KCM Crew, real estate prices are predicted to continue to drop, however, the rich are buying homes now! The KCM crew says that "DataQuick Information Systems reported last week that sales on homes $1 million or more rose 18.6% last year after four consecutive years of decline. This is at the same time that sales outside of this price point actually fell 2.8%." So, why are the rich buying now, instead of waiting? The KCM crew say that "They realize that the COST of real estate is a much more important than its PRICE. With the government attempting to make massive changes to the residential lending business, the wealthy know financing a home may never be better. They realize it is time to buy. They can purchase a million dollar+ home for a rate lower than at almost any time in history."

Although some may still say that they would wait for lower real estate prices in the Tulsa, OK area, that can be a gamble. We know that rates will not remain at these historically low rates forever. Higher rates can mean that you pay more for the interest in a lower priced home than you might for a higher priced home with today's low rates. Once you add all that extra interest up, you could actually end up paying more for your Tulsa, OK. area real estate.

For more information on Tulsa, OK luxury real estate prices or to buy or sell Tulsa, OK luxury real estate, contact Kelly Howard of the Tulsa Luxury Property Group at McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com.

Check out the following link to read the entire blog post from the KCM Crew, "If Prices Are Falling, Why Are the Rich Buying?"

Bixby, OK. Luxury Horse Ranch For Sale...

Bixby, OK. Horse Ranch Front View

Bixby, OK. Horse Ranch Aerial View

3511 East 181 Street
Bixby, OK. Horse Ranch

$1,906,000

4 Bedrooms
5 Full, 1 Half Bathrooms
4 Car Garage
RV Barn
4 Stall Horse Barn

For more information on this exquisite horse ranch in the South Tulsa area or to buy or sell Tulsa, OK. luxury real estate contact Kelly Howard, the Tulsa Luxury Property Group at McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com.


Bixby, OK. Horse Ranch Kitchen

Bixby, OK. Horse Ranch Living Room

Americans Wealth Has Increased!

According to a recent article posted on Realtormag.com, "Americans Feel a Little More Rich", Americans are making more money. In the last quarter of 2010, Americans wealth increased by 3.8%. In addition, household net worth increased the last quarter of 2010, even though real estate holding dropped by 1.6%. Interested in reading more? Read the article, "Americans Feel a Little More Rich" here.

To buy or sell your Tulsa, OK luxury real estate, contact Kelly Howard, the Tulsa Luxury Property Group at McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com.

Tulsa, OK. Luxury Homes Are More Affordable Than Ever!

According to an article in RealtorMag, 30 Year Mortgage Rates Hold Steady This Week, homes are more affordable than ever! Rates are under 5% this week and are even lower than the same time last year. Read the article below, 30 Year Mortgage Rates Hold Steady This Week, for more information.

Mortgage rates continued to hold steady below 5 percent this week, according to Freddie Mac’s weekly mortgage market survey.

"Interest rates for 30-year fixed-rate mortgages have averaged at or below 5 percent in every week but one this year, contributing to record home affordability,” says Frank Nothaft, Freddie Mac’s chief economist.

Here are how rates fared for the week:

- 30-year fixed-rate mortgages: averaged 4.88 percent, up just slightly from last week’s 4.87 percent. Last year at this time, the 30-year mortgage rate averaged 4.95 percent.

- 15-year fixed-rate mortgages: averaged 4.15 percent, holding at the same as last week’s average. Last year at this time, the 15-year fixed-rate mortgage stood at 4.32 percent.

- 5-year adjustable-rate mortgages: averaged 3.73 percent this week, up slightly from last week’s 3.72 percent. A year ago at this time, the 5-year adjustable-rate mortgage averaged 4.05 percent.

"Mortgage rates held steady amid a strong employment report,” Nothaft says. The private sector added 222,000 jobs in February--the most since March 2006. The unemployment rate also fell to its lowest share since April 2009 at 8.9 percent.

For all your Tulsa, OK luxury real estate needs, contact Kelly Howard, the Tulsa Luxury Property Group at McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com.

South Tulsa Luxury Homes For Sale...

Exquisite Custom Luxury Home in Bixby, OK.

15080 S. Columbia Ave.
The Estates of Posey Creek Farms in Bixby, OK.

$1,250,000

4 Bedrooms
3 Full 2 Half Bathrooms
4 Living Areas
3 Car Garage
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Gorgeous Horse Ranch for Sale in Mounds, OK!

19983 S. Sheridan Rd
Mounds, OK. with 80 Acres

$2,699,000

4 Bedrooms
3 Full, 2 Half Bathrooms
5 Living Areas
3 Car Garage
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For more information on any of these Tulsa, OK area luxury homes for sale or to buy or sell luxury real estate in the Tulsa, OK area, contact Kelly Howard of McGraw Realtors at 918-230-6341 or www.kellyhowardhomes.com.

Luxuary property group