Oklahoma Mortgage Group - Mike David

In the ever-evolving economic landscape of 2023, the importance of making wise financial decisions has never been more critical. A striking statistic has surfaced, highlighting a significant disparity in net worth between homeowners and renters. In 2022, homeowners had an average net worth of $396,000 compared to a mere $10,400 for renters. This means that homeowners had over 40 times the net worth of those who rent. This gap underscores a crucial point: the power of owning a home, especially in vibrant communities like Tulsa, Oklahoma. Homeownership: A Step Towards Wealth Building Homeownership is not just about having a place to call your own; it's a vital investment in your financial future. Every mortgage payment made towards your Tulsa home is a step closer to enhancing your wealth. Unlike rent payments, which contribute to someone else's financial goals, mortgage payments build equity in your property, increasing your net worth over time. The Tulsa Advantage Tulsa, Oklaho...

  If you're keeping a keen eye on the Federal Funds Rate, you're in for some interesting developments in the coming years. Here's what's on the horizon: The Pause Button is On First things first, mark your calendars for Dec 13, 2023, Jan 31, 2024, and Mar 20, 2024. Why? Because the Federal Reserve is hitting the pause button on these dates. That's right, no rate hikes or cuts. It's a time to take a breather and see how the economic winds are blowing. Trimming Down on May 1, 2024 Fast forward to May 1, 2024, and there's a small but significant change coming. The Federal Reserve plans a slight trim of 0.25%, bringing the Federal Funds Rate to a comfortable range of 5.00-5.25%. This move signals a cautious but optimistic approach towards managing the economy. Looking Ahead to November 2025 Peering further into the future, by November 2025, there's an anticipation of further reductions. The Federal Funds Rate is expected to cool down to a chill 3.80%. It...

The Tulsa Area's Hidden Gem for Homebuyers and Investors As the leaves change color and the year winds down, the real estate market in Bixby, OK (74008), continues to show vibrant signs of growth and opportunity. For those considering a move to the Tulsa area, Bixby offers a compelling case for potential homeowners and investors alike. A Look at Forecasted Appreciation The numbers are in, and they're looking up! With a 4.07% annual increase in property values forecasted over the next five years , investing in a Bixby home could mean watching your property's worth grow by over $68,000 in value. It's a significant figure that speaks volumes about the area's economic vitality. Bixby Market At a Glance Median Home Price: $335,259 — demonstrating a competitive market that's within reach. Average Days on Market: 55 — suggesting a healthy turnover rate that benefits both buyers and sellers. Historical Growth Patterns In Bixby, homes have appreciated by 6.86% over t...