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Who’s happiest about rising home prices across Oklahoma? Underwater homeowners.

Oklahoman Modified: September 27, 2013 at 3:36 pm •  Published: September 27, 2013

OKLAHOMA CITY – Home prices are on the way up, and nobody is happier about that than consumers who are underwater with their mortgages.

Average listing prices sit at $102,000 and up for homes across Oklahoma County with a median listing price of $89,000 and an average of 87 days on the market. In a report released at the start of the week, the Case-Shiller home price index increased month-over-month and by 12.4 percent year-over-year.

“It’s a win-win situation in the marketplace right now,” said 18002SellHomes owner Leo Kingston. “While we might not see the historic lows in interest rates again anytime soon, the housing market is still extraordinarily affordable, and the incremental rise in housing prices makes the current market ripe for both buying and selling.”

“If selling right now makes sense to you, then we want to help,” Kingston said. “Even if we don’t make an offer, our goal is to find the best-selling solution for you.”

18002SellHomes buys homes from anybody who wants to sell, within the Oklahoma City market and nationwide – and that includes buying from people who are underwater, meaning that they owe more on their homes than what they are worth.

Cash offers are becoming more popular in the market, spiking in July 2013, accounting for 40 percent of all residential property sales. According to Zillow’s Real Estate Marketing Reports, home prices increased enough in the last fiscal quarter for 2.5 million homeowners to no longer be underwater.


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