Home prices go up in May
Oklahoma City home prices, including distressed sales, increased 4.6 percent in May compared with May 2012, according to Irvine, Calif.-based CoreLogic, a leading residential property information, analytics and services provider. On a month-over-month basis, prices increased 1.4 percent in May compared with April. Excluding distressed sales, prices increased by 4.8 percent in May compared with May 2012 and increased 1.5 percent month to month, CoreLogic reported. Home prices nationwide, including distressed sales, increased 12.2 percent on a year-over-year basis, biggest year-over-year increase since February 2006 and the 15th consecutive monthly increase. On a month-over-month basis, including distressed sales, home prices increased 2.6 percent. Excluding distressed sales, prices increased year over year by 11.6 percent and increased 2.3 percent month to month, CoreLogic said.
Regular features relocated
The Oklahoman's stand-alone Saturday Real Estate section now includes regular features that previously ran in the Life section: a gardening column by Rodd Moesel, who serves on the Oklahoma Horticulture Industrial Council and the Oklahoma State University agriculture dean's advisory committee and who is a former president of Oklahoma Greenhouse Growers; a gardening column by Ray Ridlen, agriculture/horticulture educator for the Oklahoma County Extension Service; and “The Healthy Home” by syndicated columnist and speaker Marni Jameson, the author of “House of Havoc” and “The House Always Wins” (Da Capo Press).
RCB closes on 3 branch locations
EDMOND — Claremore-based RCB Bank has closed on its purchase of three branch bank locations from Citizens Bank of Edmond. The banks announced the transaction in March but did not disclose the terms. RCB Bank paid $7,525,000 for the properties at 855 W Covell Road, 3600 S Boulevard and 16461 N Pennsylvania Ave., county records show. Citizens Bank sold only the real estate assets and retained all deposits from the three branch locations.