LISTING OF THE WEEK
HOUSE PLAN
Backyard shade
Cottage living
The Listing of the Week is a well-cared-for home with a big, shady, fenced backyard on a cul-de-sac in Yukon.
The Willamette takes its name from one of the great rivers of the Northwest. This cottage would blend in well there, or just about anywhere else.
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REAL ESTATE
Mi-Ling Stone Poole
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THE OKLAHOMAN | NEWSOK.COM
SATURDAY, JANUARY 29, 2011
INTERNATIONAL BUILDERS SHOW SMALLER BUT STILL INSPIRING
ASK MI-LING
ANNUAL PLANNING BEGINS Now that the new year is here, it’s time to get all your ducks in a row and start putting together your plan for 2011. PAGE 3F
IN BRIEF HOME SALES ON RISE Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of Realtors. Sales, including single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million an upwardly revised from 4.7 million in November, but remained 2.9 percent below the 5.44 million pace in December 2009. Lane Slovacek, sales manager for Ideal Homes, in a model home in Red Canyon Ranch addition in Norman. PHOTO BY DAVID MCDANIEL, THE OKLAHOMAN
BY RICHARD MIZE Real Estate Editor richardmize@opubco.com
The International Builders Show, like the homebuilding industry itself, is shrinking, but the trade show is still a place of big ideas, Oklahoma builders said upon their return from the exhibition earlier this month in Orlando, Fla. Some 47,000 builders, subcontractors, suppliers and others attended the show, which had 1,137 exhibiting companies, 224 education sessions and showcased four furnished homes — three on site. That’s less than half the annual show’s attendance of about 105,000 in 2006 at the peak of the national housing boom. About 100 people from some 40 companies in the Oklahoma City area were there. The smaller crowd made for more meaningful contacts, wrote Jim Schuff, president of the Central Oklahoma Home Builders Association, in his weekly newsletter. “Floor space, vendor participation and attendance were all down, and yet everyone that I talked to (vendors and builders)
FREEZER CRIES OUT FOR HELP
Greg Best, owner of Katleron Construction Inc., also known as KCI Homes, stands outside one of his model homes at 3025 NW 191. PHOTO BY DAVID MCDANIEL, THE OKLAHOMAN
seemed to agree that this was one of the best shows that they had attended,” wrote Schuff, president and co-owner of Vesta Homes in Moore. “The builders that were there came to see new products and/or techniques and visit with suppliers. In years past, the aisles
were more crowded, and the suppliers seemed to jump from person to person. This year they seemed to really want to show and sell their products and took the time to get to know you and your business.” Oklahoma City builder Greg
Best said the show is still U.S. housing’s biggest national exhibition. “The show always overwhelms you, you know,” said Best, owner of Katleron Construction Inc., alSEE SHOW, PAGE 2F
Tips for young singles shopping for starter home Two years ago, after his best friend bought a home, a 28-year-old information technology specialist vowed to do the same and began a crash savings program. Recently he became the proud owner of a solid two-story town house with gleaming hardwood floors and a renovated kitchen large enough for friends to gather when he throws parties. “He felt fantastic when he signed those papers,” recalled Ashley Richardson, the real estate agent who helped the young man hunt down the right property. Often spurred to buy by a set of baby boomer parents who still are positive to real estate as a longterm investment, 20something home purchasers typically set conservative spending limits to buy a property, she said.
Ellen James Martin SMART MOVES
“What they’re mostly seeking is the autonomy of owning a place of their own,” said Richardson, who is affiliated with the Council of Residential Specialists (www.crs.com). Of course, not all single 20-somethings hanker to buy a home. But Richardson said it’s becoming more common for singles in that age group to act soon after their friends reach the homeownership goal post. For example, right after his best friend bought a house, the young information technology
specialist decided to move in with his parents to save money for a down payment. Here are a few pointers for young singles considering a home purchase: Limit yourself to your financial comfort zone. Many homeowners facing foreclosure might have avoided it had they used an ordinary fixed-rate loan to finance their purchase, said Merrill Ottwein, a real estate broker and former president of the National Association of Exclusive Buyer Agents (www.naeba.org). “Most buyers — including young singles — now realize that a fixed-rate mortgage is the right choice to protect them from nasty ARM (adjustable-rate mortgage) adjustments,” Ottwein said. He cautions all homebuyers against taking any
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mortgage, including a fixed-rate one, that feels uncomfortably large. Seek an energy-saving property. Obviously, many costs associated with homeownership, such as taxes and insurance, are unavoidable. But savvy home shoppers can more easily contain their energy costs by selecting an energy-efficient property that’s well insulated and has doublepane windows, said Sid Davis, a real estate broker and author of “Your EcoFriendly Home.” He suggests that before agreeing to buy a particular property, you should review at least six months’ worth of utility bills from the current owner. Also, make sure the home inspector you hire gives you a well-considered estimate of your utility costs going forward.
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Make sure you’ve factored lifestyle into your home selection process. If you’re like most single people in their 20s, your social life is important to you. And while you may outpace most of your friends in the quest for homeownership, you don’t want your move to result in social isolation. You needn’t live in the immediate vicinity of your friends to stay close. But you could find life in a faraway suburb to be very lonely if the neighborhood where you move is a long drive from close friends. “At any age, your lifestyle and friends are of paramount importance. But this is especially so if you’re single,” Ottwein said. E-mail Ellen James Martin at ellenjamesmartin@gmail.com. UNIVERSAL UCLICK
Q: My new bottomfreezer Kenmore refrigerator makes a high-pitched noise when the compressor and fans come on. I plan on returning it but am running into difficulty about what to buy. Consumer Reports indicated which units it considered the quietest; however, the three that were rated highest have been discontinued. Where can I find out decibel ratings on refrigerators? A: Apparently, there is no central collection of decibel information on refrigerators. Consumer Reports’ noise ratings are based on sound meter readings in decibels, and the observations of judges who listen for unusual rattles and high-pitched noises. Consult the website, www.consumer reports.org. It tests refrigerators continually and updates its online information. MCCLATCHY-TRIBUNE INFORMATION SERVICES.
INDEX Stone Harney Planning Permits
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SATURDAY, JANUARY 29, 2011
THE OKLAHOMAN | NEWSOK.COM
Left: The living room is a wide-open space in the Katleron Construction Inc. model home in The Grove addition. PHOTO BY DAVID MCDANIEL, THE OKLAHOMAN
Show: Seminars, products offered FROM PAGE 1F
so known as KCI Homes. “I always like to come away with a couple of good ideas and meet some vendors where you can get some specialty products.” Best said he spent time in the seminars, as usual. “This time I focused on green building,” he said. “I build a very efficient home, but I’ve never tried to get certification. That was very, very beneficial.” Todd Stone, president and CEO of Oklahoma City’s Dub Stone Construction, said most of the builders and others he encountered at the show were “pretty upbeat.” “It looks like the economy is trying to turn around a little bit,” Stone said. “It’s slow. We’d like to be busier, but we don’t have anything to complain about.” Jack L. Werner, owner of A to Z Inspections in Oklahoma City, attended the show to complete the “Train the Trainer” course required to teach for the National Association of Home Builders. He earlier attained the association’s “Aging in Place” certification. “I don’t know any orga-
nization that offers more diverse professional training than the homebuilders, and I can’t think of any course more significant at this time than ‘Aging in Place,’ ” Werner said. “If anyone in your life has said, ‘I just want to stay in my own home,’ then you will benefit immediately by seeking advice from someone with this designation. That is why I wish to teach it.” Lane Slovacek, sales manager for Ideal Homes of Norman, said he found it enlightening to spend time with builders from other parts of the country. “I really got a sense that in most areas of the country consumer confidence is still a big issue but may be on the rise. Certainly here in Oklahoma we have seen a lot of people get off the fence and make a recent move. But we can’t take that for granted,” Slovacek said. “One message that rings true both here and around the country is that consumers shop by elimination. Builders must continue to create true value and, in the end, give the customer more valid reasons to invest in a new home than they have for staying put.”
A stone-lined window is built in between the living room and kitchen of Katleron Construction Inc.’s model home at 3025 NW 191 in The Grove addition. PHOTO BY DAVID MCDANIEL, THE OKLAHOMAN
Steve Shoemaker, left, director of marketing for Ideal Homes of Norman, attended the International Builders Show with Dari Roberts, Ideal’s design center manager, and Russ Gammill, vice president of purchasing. PHOTO PROVIDED BY IDEAL HOMES
Todd Stone, president and CEO of Dub Stone Construction, stands in front of a home the company built at 708 SW 157. PHOTO BY PAUL B. SOUTHERLAND, THE OKLAHOMAN
Man on shaky ground without permit DEAR BARRY: I hired a concrete contractor to replace the foundation on my 1907 house. I was responsible for engineering and permits but did not get either. He proceeded with the work anyway. A few months have passed, and there appears to be about an inch of settlement on one side of the building. The wall on the side has a large crack, and there is a noticeable hump in the floor. The contractor wants me to pay for repairs, but I refuse. Who is responsible for this mess? Daryl DEAR DARYL: You and the contractor are both responsible for this situation. When you decided to forego engineering and permits, you made a decision to risk the outcome of the project. Engineering and permits are required for good reasons. The engineer determines on a mathematical basis what is needed to make the new foundation
Barry Stone INSPECTOR’S IN THE HOUSE
substantial and secure. The building permit empowers the municipal inspector to determine that the work is being done according to the engineer’s specifications and in compliance with applicable building codes. Allowing the contractor to proceed without a permit was a violation of law, and this makes you responsible for the unfortunate outcome. The contractor, however, is also guilty. In most states, it is a violation of law for a licensed contractor to knowingly perform work that is not permitted. Therefore, neither of you is in a position to be pointing fingers. Rather than arguing the
point, the two of you should hire a structural engineer to evaluate the problem and determine what is needed to correct the foundation. Then you should hire an arbitrator to decide who is responsible for the costs of repairs. DEAR BARRY: We live in a new housing development, built about four years ago. The builder has a good reputation in the area, but you wouldn’t know it by the way he handles complaints in our neighborhood. Many of us have had serious problems with cracks in our foundations, walls, and ceilings. Many have also had an unusual number of roof leaks. The builder was slow to respond when the homes were still under warranty, and since the warranty period expired, he won’t even return phone calls. How do you recommend that we handle this issue? Patrick DEAR PATRICK: Builders who do not address
construction defects in a forthright manner can be a major problem for buyers of new homes. The best ways to handle this can vary according to the specifics of the situation. In your case, the following guidelines are recommended: 1. Homeowners in your subdivision should have their homes professionally inspected by a highly qualified home inspector. A report by a competent inspector will specify a list of defects, some of which you and your neighbors have not yet discovered. 2. The inspection reports should be presented to the builder, along with a letter firmly requesting prompt repairs. 3. If the builder does not respond to your requests in a favorable manner, a letter from a construction defect attorney may produce a more active response. To write to Barry Stone, go to www.housedetective.com. ACCESS MEDIA GROUP
REAL ESTATE
THE OKLAHOMAN | NEWSOK.COM
SATURDAY, JANUARY 29, 2011
Visualize a new decorating style Now that the new year is here, it’s time to get all your ducks in a row and start putting together your plan for 2011. I’m not talking about eating right, exercising or any of the normal resolutions we start with at the beginning of the year. I’m talking about a resolution to create a comfort zone in your home — one vision at a time.
Mi-Ling Stone Poole ASK MI-LING Here’s the plan. Get a large poster board and divide it into four sections, two on the front
and two on the back. Pick four rooms that you want to start with and label the rooms. Instead of creating a color palette for each room, start cutting out things in magazines and newspapers that appeal to your vision. Go online and print off your favorite photos, as well. You can involve the entire family in this pro-
ject. Let your son or daughter cut out items for their rooms and maybe your husband can pull out things for his home office. The next step is to start working on purchasing or changing out items in your home to get that look and feel. Start with getting rid of items in your home that don’t fit the style and feel you’re looking for in 2011. You can donate them,
repaint them, reupholster them or just give them to a friend in need. Give this a try and you’ll see subtle changes in your home during 2011 as you begin your transformation. Now go out and create your own unique comfort zone! If you have a decorating dilemma, contact Mi-Ling Stone through her website, www.mi-ling.com.
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Mortgage interest tax deductions plummet WASHINGTON — Are you worried about the mortgage interest deduction going away? After all, it’s a high-profile, high-cost target for federal budgetcutters and was prominently featured in the report of the presidential deficit-reduction commission late last year. Reformers have been trying to kill or at least clamp a ceiling on these write-offs for decades. But here’s an intriguing twist that has just emerged on Capitol Hill and that might bring some encouragement to homeowners, realty agents and builders who strongly oppose any cutbacks in tax benefits. According to new estimates compiled by the nonpartisan Joint Committee on Taxation — Congress’ top technical resource on all tax law matters — the mortgage interest deduction is not quite as big a hole in the federal budget as previously estimated. In fact, it’s significantly less — $88 billion lower in revenue losses are now projected over the next three fiscal years — than the committee itself estimated early in 2010. That’s big money, even in an era of trillion dollardeficits. Why the sudden reappraisal of the revenue losses caused by millions of homeowners writing off their mortgage interest? Start with this: There’s less mortgage interest being written off than earlier statistical models had anticipated. Home values are down in many parts of the country, and lower purchase prices and far stricter underwriting mean smaller mortgage amounts. Interest rates have hit half-century record lows, and have remained at or near those floors for much longer than anyone had estimated. Thirty-year mortgages at 4½ percent obviously require much less in
Kenneth Harney THE NATION’S HOUSING
monthly interest payments than do similar loans at 5½ percent and 6 percent. Millions of homeowners who had been paying even higher rates than that have refinanced in the past year — the combined effect of which has been to reduce the estimated amounts of interest being written off now and for the next couple of years at least. For example, the tax committee last January predicted that mortgage interest deduction losses to tax revenues for fiscal 2011 would total close to $120 billion. Now the estimate is $93.8 billion. The committee’s new projections also have turned up some other intriguing and previously unreported facts about key tax benefits for buyers and owners. For example, though the popular firsttime homebuyer tax credit programs of 2008 and 2009 that stimulated millions of purchases were net revenue drains for the government during fiscal 2010, they are now morphing into revenue-raisers — to the tune of $6.5 billion from 2011 through 2013. How’s that, you might ask? There are two factors at work: The first credit, enacted as part of the 2008 emergency economic stimulus legislation, was for a maximum $7,500 or 10 percent of the house price. But it was more of an interestfree loan than a typical credit. Under the terms of the program, buyers are required to make annual repayment installments of 6 2/3 percent of the credit they claimed over the next 15 years, and they’re beginning to do so. But it’s not just those
2008 buyers who’ll be paying higher taxes. The two subsequent homebuyer credit programs enacted by Congress — $8,000 for first-time purchasers and $6,500 for repeat buyers — did not require repayments. But both programs came with strict rules that experts believe will add to revenues collected by the Internal Revenue Service
during the years 2011 through 2013. For instance, Congress required that credits claimed under the $8,000 and $6,500 legislation be repaid if the owners do not continually use their house as a principal residence for 36 months after the purchase. Say you took the $8,000 credit on your 2009 federal tax filing,
but then decided to sell the house or turn it into a rental investment in 2011. Guess what? Ka-Ching! You owe the government $8,000 the day you make that move — and the IRS says it has increasingly sophisticated audit programs to detect such transactions and to sniff out frauds and other rule violations requiring paybacks and even penalties.
Bottom line, by the committee’s estimates, homeowner tax benefits will still represent large contributors to the federal deficit. But for a variety of reasons, those costs should be smaller — and, in theory, slightly less vulnerable to attack — for the years immediately ahead. E-mail Ken Harney at kenharney@earthlink.net. WASHINGTON POST WRITERS GROUP
THE OKLAHOMAN | NEWSOK.COM
REAL ESTATE
SATURDAY, JANUARY 29, 2011
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City Planning Commission approves addition The Oklahoma City Planning Commission approved the Final Plat of Williamson Farms Addition, Section 2, south of SW 119 and west of Meridian Avenue at its Jan. 13 meeting.
Other items approved Final Plat of Williamson Farms Addition, Section 3, south of SW 119 and west of Meridian Avenue. Application by Lone Oak Park Home Owners to close the 17-foot right of way along the east and west side of N Meridian Avenue south of NW 164, between Old Olive Way and Old Elm Lane in the final Plat of Lone Oak Park Addition. Application by Southwoods VOA Affordable Housing LP to rezone 3308 SW 44 from the C-3 Community Commercial District to the R-4 General Residential District. Application by Chesapeake Land Co. LLC to close several streets in the area of the Chesapeake campus. Application by Kamp’s 1910 Cafe Number 1 LLC for an ABC-2 Alcoholic Beverage Consumption, Restaurant With Alcohol District overlaying the PUD-1078 Planned Unit Development District at 10 NE 10. Application by City Center Properties LLC to close a 5-foot street and utility easement west of N Walnut Avenue between NE 2 and NE 3. Application by Turner & Co. Inc. for a Specific Plan at 9800 N Oklahoma Ave. Preliminary Plat of Jackson Creek, south of NW 164 and east of Western Avenue. Application by Nhinja
Sushi LLC for an ABC-2 Alcoholic Beverage Consumption, Restaurant With Alcohol District overlaying the C-3 Community Commercial District at 13905 N May Ave. Application by Hideaway-2 Inc. for an ABC-2 Alcoholic Beverage Consumption, Restaurant With Alcohol District overlaying the PUD-47 Planned Unit Development District at 5950 W Memorial Road. Extension of the Preliminary Plat of Cottonwood Farm, north of W Wilshire Boulevard and west of County Line Road. Application by Two Structures to rezone 2940 and 2944 NW 30 from the R-1 Single Family Residential District to the R-2 Medium Low Density Residential District. Application by Independent School District No. 89 of Oklahoma County to close the platted 20-foot alley south of NW 95 extending from N Military Avenue to University Avenue. Application by Independent School District No. 89 of Oklahoma County to close NW 47 and a platted alley north of NW 46 between N Linn Avenue and N Villa Avenue. Application by Portofino’s for an ABC-1 Alcoholic Beverage Consumption, Restaurant With Limited Alcohol District overlaying the I-2 Moderate Industrial District at 4700 W Reno Ave. Application by Jordan’s Crossing Inc. for a Special Permit to operate a residential drug and alcohol treatment facility for women in the R-4 General Residential District at 301 W Interstate
240 Service Road. Final Plat of The Legacy Section VI, south of SW 134 and west of May Avenue. Final Plat of Country Place Addition, Section 10, south of SW 134 and west of Pennsylvania Avenue. Application by Maria Gallegos for an ABC-1Alcoholic Beverage Consumption, Restaurant With Limited Alcohol District overlaying the I-1 Industrial District at 1503 SW 29. Application by Sagiruddin Ahmed to rezone 3645 SW 29 from the C-3 Community Commercial and AE-2 Airport Environs Overlay Zone-Two Districts to the SPUD-595 Simplified Planned Unit Development District. Ordinance introduced and set for public hearing Jan. 27 regarding deannexing roadway and right of way along 2.5 miles of NW 10 and along 1 mile of Mustang Road.
Deferred to Jan. 27 Application by BancFirst, Patricia Mahoney, to rezone 13803 N Council Road from the AA District to the PUD-1430 District. Application by Shawn Ostovar for a Special Permit to operate an auto sales dealership in the C-3 Community Commercial District at 4615 NW 39. Application by Tony’s Tree Plantation LLC to rezone 3801 S Post Road from the R-1 Residential and AE-2 Airport Environs Overlay Zone-Two District to the PUD-1429 District. Application by Ken McGee to rezone 4300 N Morgan Road from the PUD-813 District to the PUD-1428 Planned Unit
Development District. Application by Bob Gage, GBT Realty, to rezone 3800 S Portland Ave. from the C-3 Community Commercial and AE-2 Airport Environs Overlay Zone-Two
Districts to the SPUD-596 Simplified Planned Unit Development District. Public hearing and resolution approving the FY 2011-2015 Capital Improvement Plan.
Withdrawn Application by Nha Duong, D.D.S., to rezone 3304-08 NW 23 from the R-1 Single Family Residential District to the O-2 General Office District.
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SATURDAY, JANUARY 29, 2011
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Not even locks stop foreclosure lawyer BY NATE JACKSON Los Angeles Times
LOS ANGELES —
The Earls, all 11 of them, had been evicted from their Simi Valley, Calif., home. Attorney Michael T. Pines pleaded with a judge to let the family back in. Jim and Danielle Earl had fallen behind on their mortgage payments after a business reversal. But the six-bedroom house that they shared with their brood already had been sold to an investment company, Ventura County Superior Court Judge Barbara A. Lane pointed out. The eviction would stand. Incensed, Pines vowed to hire a locksmith and enter the vacant house illegally. “I’m going back there,” Pines declared, gripping the lectern. “And I hope I get arrested.” “I certainly hope not,” Lane shot back. “That is a blatant disregard of this court’s order.” With Pines, the threat at the October hearing couldn’t be written off as courtroom theatrics. The 58-year-old attorney admits to breaking into homes at least half a dozen times, including one before with the Earls, leaving the clients to squat in their homes while he defends their legal right to possession. His unconventional methods have gotten him
Foreclosure lawyer Michael T. Pines has been advising clients to break into their foreclosed homes, which has gotten him fined, arrested and threatened with contempt. MCCLATCHY-TRIBUNE PHOTO
fined by a judge in San Diego, arrested in Newport Beach and threatened with contempt — and jail — in Ventura. More foreclosure cases are headed for court, housing experts and legal analysts say, as troubled homeowners run out of options and lenders pick up the pace of evictions. But they also note that people who want to stay in their homes have limited options in states such as California, where a lender can seize a house without a court order. That has prompted Pines to pursue some radical tactics and might cause others to imitate him — if he ever manages to win.
LISTING OF THE WEEK
The Listing of the Week is at 109 N Greengate Drive in Yukon. PHOTO PROVIDED
Yukon house has a shady backyard The Listing of the Week is a well-cared-for house with a big, shady, fenced backyard on a cul-de-sac in Yukon. The 1,230-square-foot house at 109 N Greengate Drive has three bedrooms, two baths, one living room, one dining area and an attached two-car garage. It has a fireplace, fresh paint and newer tile and light fixtures. The master bedroom has a walk-in closet and ceiling fan. Secondary bedrooms have
ceiling fans. Built in 1984, it is listed for $105,000 with Rowell Sargeant with Keller Williams Realty. Open house is from 2 to 4 p.m. Sunday. From Reno Avenue and Czech Hall Road, go north to Park Avenue then turn west and follow Park around to Greengate Drive. For more information, call 830-4849 or 330-2626. Nominations for Listing of the Week are welcome. Send information on single-family homes to The Oklahoman, Richard Mize, P.O. Box 25125, Oklahoma City, OK 73125. Nominations may be faxed to 475-3996.
“Homeowners have the right to seek relief in court,” said Boston lawyer Gary Klein, who has sued several banks over lending practices, but Pines’ break-in strategy “ups the ante considerably.” Ventura lawyer Doug Michie said, “Most attorneys won’t admit it, but they admire his convictions.” “I certainly don’t have the courage to do what he’s doing,” Michie said. “I’m afraid of getting arrested.” Pines’ methods are provoking plenty of criticism. “This attorney violates the canons of professional ethics in advising clients to break the law,” said George Lefcoe, a University of Southern California real estate law professor. “What (his clients) are doing on his advice is not only going to prove costly to them and completely futile, it could lead to dangerous altercations with the true owners and law enforcement officers.” A spokeswoman for the State Bar of California declined to comment on whether it was looking into Pines’ actions, citing its policy of neither confirming nor denying pending probes. Pines has yet to wrest a house back. His most high-profile client, baseball legend Lenny Dykstra, took Pines’ advice last July to move back into his fore-
closed Thousand Oaks, Calif., mansion against a bankruptcy judge’s orders. That move, followed by a victory party at the estate, brought an order barring the former outfielder from the property. Dykstra fired Pines after one month and lost the house in a foreclosure sale in November. Pines, who has been a lawyer for more than 30 years, said his path to foreclosure activism grew from his own troubles. Several years ago, the Pennsylvania native abandoned his legal career to become a real estate broker specializing in distressed properties. Pines contends that he became a victim of mortgage rip-offs and the housing market crash, which led him to investigate what he describes as unethical lending practices. Pines said he was inspired by the tales that he heard to take on clients again in 2010. Pines has at least six properties in foreclosure, owes banks more than $2 million and has filed for bankruptcy protection. The trustee is trying to sell Pines’ law offices in Encinitas, Calif., because the attorney hasn’t made loan payments in more than a year. “I filed bankruptcy myself because I stopped paying,” Pines said. “I followed my own advice. I said, ‘I’m not going to let
the banks steal from me.’ ” Danielle Earl said her lawyer’s financial struggles make him a perfect
candidate to represent people facing foreclosure. MCCLATCHY-TRIBUNE INFORMATION SERVICES
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HOUSE PLAN
Homebuilder Cottage blends space, luxury sentiment index unchanged
The Willamette takes its name from one of the great rivers of the Northwest. This cottage would blend in well there, or just about anywhere else. Nearly 3,000 square feet of living space is on the ground floor, while a window-bright recreation room with storage sits over the garage. Craftsman windows and doors with sidelights grace the front facade. Slender columns seated on bold stone veneer bases flank an arched entry porch with a lofty 12-foot ceiling. The foyer ceiling is equally high, as are those in the den, dining room and living room. Double doors on the foyer’s right lead into what could be a den or home office. The built-in work desk there is centered on one wall, between a wealth of storage cabinets. A wide opening on the foyer’s left opens into a dining room rich with windows. At the rear of this octagonal space, another wide opening feeds into the living room, which also can be reached by walking straight ahead through the foyer. Four informal gathering spaces flow together at the rear, if you count the covered patio. A transom caps the wide Craftsman windows on both sides of the gas fireplace, and another bank of windows fills most of the nook’s rear wall. From the kitchen, you can look out across the eating bar to keep an eye on everything. Other kitchen features include a
BY THE ASSOCIATED PRESS
roomy walk-in pantry and a work island with a builtin prep sink. Secondary bedrooms are to the left of the Willamette’s gathering spaces; the posh owners’ suite is to
the right. Luxury touches here include a large walk-in closet with a hutch and a bench, plus a private bathroom with a dual lavatory and step-in shower.
For a review plan, including scaled floor plans, elevations, section and artist’s conception, send $25 to Associated Designs, 1100 Jacobs Drive, Eugene, OR, 97402. Please specify the Willamette 30-788 and include a return address when ordering. For more information, call (800) 634-0123.
LOS ANGELES — U.S. homebuilders remain discouraged over the prospects for improved home sales in the months ahead, unconvinced as yet that the economy will spur the kind of job growth needed to coax more buyers into the market. The National Association of Home Builders said that its monthly reading of builders’ sentiment was unchanged in January at 16, where it’s been since November. While it remains the highest reading since June, any reading below 50 indicates negative sentiment about the market. The index hasn’t been above that level since April 2006. “At this point, housing remains on the sidelines of a weak economic recovery as consumers and builders wait for clear and consistent indications that jobs and economic output are reviving,” said David Crowe, the trade association’s chief economist. Many smaller, private builders also continue to have a tough time getting construction loans and other financing, which could significantly slow the onset of a housing recovery, Crowe said. High unemployment, tighter bank lending standards and uncertainty about home prices have kept many people from buying homes, despite low mortgage rates and home prices that have fallen by more than half in some markets since the peak of the housing boom. Builders also face competition from sharply discounted foreclosed homes. The latest builder sentiment report reflects a survey of 420 residential developers nationwide. The reading for current sales conditions was unchanged at 16; the index for sales expectations over the next six months stayed put at 25. The index measuring foot traffic from prospective buyers rose one point to 12. New home sales have been hovering near historic lows since spiking briefly last spring thanks to a temporary federal tax credit for homebuyers. Between May and November, monthly sales of new homes in the U.S. declined or were flat four times. Even in the months when sales rose, the gains came off near-historic lows. Crowe’s 2011 housing forecast calls for sales in the spring to be better than last year’s, even without the aid of government tax credits. He also anticipates home sales and single-family home construction to exceed last year’s levels. But the economist’s outlook hinges on the U.S. jobless rate getting no worse than 9.4 percent and employment growth accelerating to a pace of 200,000 jobs a month by the end of 2012.
REAL ESTATE
THE OKLAHOMAN | NEWSOK.COM
Permits Oklahoma City Howard & Associates, 6609 S Blackwelder Ave., school, add-on, $5,700,000. Hallman Group LLC, 8405 Surrey Place, residence, erect, $650,000. Rick Herrin, 8812 N Council Road, medical clinic-office, erect, $600,000. Ron Walters Homes LLC, 12000 Slash Pine Drive, residence, erect, $500,000. Buddy Caldwell, 201 NW 10, shell building, remodel, $500,000. Crabtree Custom Homes LLC, 9016 NW 147 Terrace, residence, erect, $453,000. Manchester Elite Homes LLC, 14508 Paddington Ave., residence, erect, $379,000. Mike Lebsack, 10900 Old River Trail, residence, erect, $350,000. Milestone Fine Homes LLC, 13520 SE 89, residence, erect, $300,000. 4 Corners Construction LLC, 15108 SE 58, residence, erect, $290,000. Manchester Elite Homes LLC, 15400 Milanese Ave., residence, erect, $265,000. Quick-Mincey, 2829 NW 173, office, erect, $250,000. Seagull Homes, 13120 Cottingham Road, residence, erect, $250,000. Stone Creek Homes Ltd., 8720 SW 109 Court,
Moore
residence, erect, $247,000. 4 Corners Construction LLC, 15100 SE 58, residence, erect, $237,000. Seagull Homes, 18904 Butterfly Blvd., residence, erect, $230,000. Johnny Horner, 2214 N Bryant Ave., church, remodel, $225,000. Rice Custom Homes LLC, 19532 Green Meadow Lane, residence, erect, $225,000. 2K Country Homes LLC, 12527 SE 74, residence, erect, $210,000. 2K Country Homes LLC, 12525 SE 74, residence, erect, $200,000. US Star Properties LLC, 9001 Northwest Expressway, shell building, erect, $200,000. Elite Construction, 716 Drover Lane, residence, erect, $190,000. Mashburn Faires Homes LLC, 2704 SW 97 Court, residence, erect, $172,800. D.R. Horton, 11324 NW 96, residence, erect, $170,000. D.R. Horton, 11229 NW 97, residence, erect, $170,000. Witt Construction Inc., 12029 NW 138, residence, erect, $170,000. Jeremy Toubl, 14001 NW 150, residence, add-on, $156,000. Adams Kirby, 2123 SW 119, office, remodel, $150,000. Stone Creek Homes Ltd., 4901 SW 123, residence, erect, $150,000.
318
BANK OWNED 4/2.5/2 2179 sf 2 liv brick $87,466 Arlene CB 414-8753
Mustang
319
3/2.5 on 1.89 acres in quiet neighborhood, 4th/ bonus room unfinished, detached bldg & much more! 405-641-3024
Acreage For Sale
BANK OWNED Move in Ready! 3/2/2 built 1995 brk $94,900 Arlene CB 414-8753
302
Norman
322
PIEDMONT OPEN SAT 24 & SUN 2-5. Model home. New hms on 1/2 ac lots. Info also available for new hms in other additions. From NW Expwy & Sara Rd go 4.5 mi N. Cleaton & Assoc 373-2494
Cobblestone West 1126 Prairie Dunes Ct. 1533sf, 3/2/2, near OU, granite,tile,perfect cond. $161,900 (405)301-5994
1N to 10A, E. of OKC, pay out dn. before 1st pmt. starts, many are M/H ready over 400 choices, lg trees, some with ponds, TERMS Milburn o/a 275-1695 paulmilburnacreages.com
2 Family Homes
OWNER FINANCING 1-28 Acres Many Locations Call for maps 405-273-5777 www.property4sale.com
OKC Northeast
323
2 AUCTIONs $5,000 Opening Bids Tuesday, Feb. 8th
1800 N Jordan Ave Ranch style home, 916 Sq ft, Hardwood Floors, Fireplace, Country Kitchen, Dining Room, 2 Bedrooms, 1 Bath
1713 NE 20th St
165 AC w/3600 sq ft brk hm, Noble, Reduced $3700/ ac, will divide 872-5457 1 ACRE corner lot in Eastwind Estates Choose builder $42,000. Marian 850-7654 Cleaton & Assoc 373-2494 Payout dn pmt before 1st pmt starts. Your opportunity to own land, 40 areas, E, NE, SE of OKC 1N A. Milburn o/a 275-1695 terms Call for Maps! See why we sell more acreages than anyone in Okla. E of OKC. o/a 275-1695
Farms, Ranches For Sale, Okla. 308 RANCH FOR SALE NW Oklahoma 33 miles W of Woodward, OK. 3,100 acres, live creek, Beautiful Home and 2 nice older homes, with corrals, barns etc. Two irrigation systems. Smith & Co. Auction & Realty, Inc. Ira Smith, 580-994-6004 smithcorealestate.com 162 acres west of Cedar Lake, large spring fed pond, 60 acres farmable, deer, turkery and quail, $3500/acre, 387-3161.
RE for sale Bethany/ Warr Acres
311
7006 NW 59th St., FSBO, 3bd 1ba 1car gar brick, ch&a, PC schls $70,000 405-643-5440
Del City
313
BANK OWNED 4/2/1 brick 1385sf ch/a, little TLC $47K Arlene CB 414-8753
Edmond
314
FORECLOSURES 78, 1-4 bdrm homes in Edmond start @ $48,000 Patrick @Allied 740-6616
MWC
317
3 bed, 1 bath, 1 car garage w/ carport 1033 Holly Ln. $30,000 737-2467 or 201-3956 PRICE REDUCED! Extra sharp 3bd 2ba 2car huge living room, extra nice area, mint cond, only $119,900 Fidelity RE 410-4300, 692-1661
816 Sqft, 2 Bedrooms, 1 Bath, Hardwood Floors, Country Kitchen, Dining Room
Open Houses Jan 30 & Feb 6
20bid30.com
918/639-7653 Bid Loud Auction Keller Williams Realty
OKC Northwest
324
ROCK HOME w/new ac & heat, gar door opener, xtra parking 3 bd 1ba nice yd $65,000. Marian 850-7654 Cleaton & Assoc 373-2494 OWNER FINANCING $1000 down No Credit Ck 3225 NW 30 3/1 $44,000 2133 Cashion 2/1 $53,000 ¡ 596-4599, 410-8840 ¡ 4 bed 2 bath plus bonus room, 1600 sqft, classic 20's home, Owner will carry with $20,000 down. 1211 N. Ellison 301-6495 BY OWNER Quail Creek 3 bdrm 3.5 bath, grey stone home, Drive by, pick up flyer 3340 Rosewood Lane
FORECLOSURES 179, 1-4 bdrm homes in NW OKC start @ $18,074 Patrick@Allied 740-6616
5017 Quapah Ave. near Deac., 3bd + Conv. room 1267sf. $85,500. 408-1792 3/2/2, PC Schools, new carpet & paint, 8429 NW 91st, $89,900, 330-1880.
OKC Southeast
325
OPEN SAT & SUN 1-5 OR BY APPT 919-4933 3bd 2ba 2car gar on 1.5 acres. 20 min to Tinker Also Custom Building on your land or ours. SMALL RANCH nearly new, 3 bed 2 bath 3 gar. Seller to help finance or lease to own. 405-395-7315 Rent to Own 973-4322 Jim 2bds from $2000dn $400mo 3bds from $3000dn $500mo 4bds from $4000dn $600mo BUY HOME $0 DOWN 4BR NEAR TAFB, text/call 405.823.1880 $0 down, $850/m 6717 Eagles Landing Close to Tinker! 3/2/2, 1650sf, $143,500, built 2007, call 254-931-0978 3 bed, 1 bath, hardwood floors, $15,000 firm cash 404 SE 20. 301-6495
OKC Southwest
326
Extra sharp 2bd brick home with 2 living areas 1 car garage, fireplace, ch/a, large shop w/elec, back yard. Fidelity RE 410-4300, 692-1661
D.R. Horton, 2316 NW 153, residence, erect, $149,560. D.R. Horton, 15316 Blue Jay Drive, residence, erect, $143,000. Cutter Homes, 11729 SW 18, residence, erect, $140,000. Ideal Homes of Norman LP, 2664 NW 181, residence, erect, $137,000. D.R. Horton, 2312 NW 153, residence, erect, $135,000. D.R. Horton, 11225 NW 97, residence, erect, $132,000. Beacon Homes LLC, 19141 Meadows Crossing Drive, residence, erect, $130,000. Mashburn Faires Homes LLC, 17305 Serrano Drive, residence, erect, $130,000. Larry Toombs, 14109 Oxford Drive, residence, erect, $120,000. Larry Toombs, 13801 Canterbury Drive, residence, erect, $118,000. Larry Toombs, 14113 Oxford Drive, residence, erect, $112,000. Ideal Homes of Norman LP, 2409 SW 137, residence, erect, $111,000. Precision Style Homes, 12125 SW 13, residence, erect, $106,000. Ideal Homes of Norman LP, 2405 SW 138, residence, erect, $104,000. Interlake Macalux, 11300 Partnership Drive, officewarehouse, remodel, $102,000. Home Creations, 12004 SW 10, residence, erect, $101,700. D.R. Horton, 11233 NW 97, residence, erect, $101,000. Home Creations, 6229
Mobile Homes, Manufactured Houses 339 Land/Home For The New Year We have homes on land ready NOW! Call today 405-787-5004
SALE/RENT TO OWN 1939sf, 3/2/2. WestMoore Schools. Move in ready. Seller to pay closing costs. 401-0139
First Time Homebuyer!! 3/2 bath set up in quiet park. Ready to move in. WAC 405-631-7600
OWNER FINANCING $2000 down No Credit Ck 3244 SW 46 3/1 $49,000 ¡ 596-4599, 410-8840 ¡
Move Your Mobile Hm FREE. +3 mo Rent FREE Offer Expires 1/31 405.326.5728
Rent to Own 973-4322 Jim 2bds from $2000dn $400mo 3bds from $3000dn $500mo 4bds from $4000dn $600mo
Two bedroom mobile home in park, $3500 cash firm. 642-7452
Piedmont
327
**NEW** 1216 sq ft $25,995 - 1 only Maxeys Homes 631-3600
NEW HOME study or 4bd 3ba, lrg master ba/spa w/tiled walk-in shower loads of stg approx 2500' $265,000 Marian 850-7654 Cleaton & Assoc 373-2494
Rent to Own: Nice 2&3bd MWC $350&up 390-9777
1/2 ACRE just compl 3bd w/study 2.5ba 3car huge kit w/grantie open flr plan $194,900 Marian 850-7654 Cleaton & Assoc 373-2494
Trade your place in Moore /Norman area for mine, 3 blks f/ beach in Florida butler659@comcast.net
Open Houses 334.2 PIEDMONT OPEN SAT 24 & SUN 2-5. Model home. New hms on 1/2 ac lots. Info also available for new hms in other additions. From NW Expwy & Sara Rd go 4.5 mi N. Cleaton & Assoc 373-2494 OKC NW, 5929 NW 71st, open 2-5, 3/2/2 + office, new everything, stainless kitchen, granite tops, wheel chair accessible, $129,900, 330-1880
Industrial Property
336
Kiamichi Riverfront ! 42 ac, 99K, wildlife, scenic richgthom@yahoo. com 972-567-5249
Lots For Sale 337 1 acre 6 miles east of Tinker, development with covenants, $27,500, 405-210-7122, 820-8704.
Mobile Home Parks Community /Acreages 338 WHY RENT WHEN YOU CAN OWN? Easy financing. No credit needed. Yukon Schools
405-815-7245
Move Your Mobile Hm FREE. +3 mo Rent FREE Offer Expires 1/31 405.326.5728
Mobile Homes, Manufactured Houses 339 Huge clearance sale!! Special Program. Own Land/Family Land ZERO down. Financing avail. for most everyone. Turnkey, we do it all. 1000 Furniture pkg w/purchase. WAC 888-878-2971 405-204-4163 Tax Refund Special!! Use Tax Return for new home. Home financing avail. w/owner carry land. WAC 888-878-2971 or 405-602-4526 REPO REPO REPO 3bd. Vinyl Sided/ Shingle/2x6 walls Free del/set, Financing available @$335mo. 405-787-4035 Abandoned D/W set up w/ 4.5 acres. Brick foundation, driveway &all improvements Read to move in. WAC 405-631-7600 405-635-4338 Stop Paying Your Landlord! Buy a Home for $600/mo. Up to $3K move in assistance 405-326-5728
Out-of-State Property
Real Estate Notices
341
345
An Offer You Can't Refuse! New Clayton Hm for Sale. Up to $3K move in assistance. Call Now 405.326.5728
Business Property For Rent 360 Hair salon, Memorial & N Western area, $700 per month, call Mike 414-7585
Industrial Property For Rent 361 2400sf Office/Warehouse 801 NW 79th Large parking area 405-715-1375
Office Space For Rent
363
GREAT Space OFFICE Various NW locations MOVE IN SPECIALS 300-6000sf 946-2516
4801 CLASSEN BLVD 3 Room Suite $445 mo 4 Room Suite $690 mo SPECTRUM MGMT 848-9400 1, 2 & 3-Room Offices $175 & up ‘ 50th & N Lincoln area 235-8080
Warehouse Space For Rent 363.5 K Office, K Warehouse for lease. Various sizes. 221 W Wilshire 842-7300
Want FREE lot rent? Call for more info. Conditions apply 405-326-5728
» I BUY » FIXER-UPPER HOUSES 341-5404
Commercial RE Investment Property For Sale 355 Bank owned 18 units $350K, 4 plex near OCU $169K - 6 units hrdwd flr $225K, Income Property $200K 12% CAP, $1 MM earns $10,000 per month, Seabrooke Rlty 409-7779 Financing Avail. 20% down 973-4322 SW OKC 8 Duplexes $995,000 17 House pkg $1.2 mill. 126 Apt 100% occ. $3.8mill. Other pkgs & Singles Avail. 18-Unit Apt. Complex in Tuttle ALSO 18 Houses in Chickasha FOR SALE »» 405-326-9768 »»
431
$200 OFF
Washer/Dryers, Fireplaces PC Schools-Townhouses
PARKLANE
8100 N. MacArthur Blvd. »»» 721-5455 »»» Plaza Apts-1740 NW 17 Art Deco, K Off Move in Special! 800ft 1bd 1ba, cha, all elec, wood or tile floor, $450mo $200dp. No sec 8 409-7989 Florence Apts-Midtown1bd 1ba Studio 600sf, Granite Counter tops, wood floors, CH/A, All Elect, Free laundry $600 $400 dep. 409-7989 2, 3 & 4 bedrooms Starting at $599/moh OFHA & OCHA accepted.
405-478-3260
CANTERBURY GARDEN MOVE IN SPECIAL Big 2 Bedroom w/ample storage, ch&a, Sec. 8 Ok. Broker 677-9116 www.hoppishomes.com LIMITED TIME ONLY $1 FOR 1 MONTH Nicest Place in Town 416-5259 Wilshire Village Mesta Park 804 NW 21 K Off Special 2bd 1ba 1000sf wood flrs, ch/a Free Laundry $570mo $300dp 409-7989 no sec8
1304 NW 9th Apt 3 1bd efficiency. All bills paid, $350 mo. Fidelity RE 410-4300, 692-1661
NOTICE
I BUY & SELL HOUSES 27 YRS EXP 650-7667 HOMESOFOKCINC.COM
OKC Northwest
HURRY HURRY HURRY LARGE EFFICIENCY GREAT LOCATION!!! PARK MANOR » 842-1766
346
The Oklahoma Department of Human Services wishes to lease approximately 3,000 net usable square feet of office space to include a minimum of 13 free parking spaces in Cherokee, Oklahoma. This may be existing or new construction and must meet all building codes and OKDHS space requirements. Initial responses should be submitted in writing by the end of business, January 31, 2011 to: Department Of Human Services, Property Management Unit, P.O. Box 268833, Oklahoma City, Oklahoma 73126-8833. Attn: Nicole Armitage at (405) 272-4195 or you may or fax your response to Property Management at (405) 235-0262
SE 81 Terrace, residence, erect, $100,200. Tiffany Enterprise, 2516 NW 24, residence, addon, $100,000. D.R. Horton, 19405 Candleberry Drive, residence, erect, $99,000. D.R. Horton, 19409 Candleberry Drive, residence, erect, $98,995. D.R. Horton, 19401 Candleberry Drive, residence, erect, $98,000. Ideal Homes of Norman LP, 13305 SW 3, residence, erect, $98,000. D.R. Horton, 19412 Candleberry Drive, residence, erect, $98,000. Home Creations, 6217 SE 80, residence, erect, $97,000. Ideal Homes of Norman LP, 18556 Abierto Drive, residence, erect, $97,000. Ideal Homes of Norman LP, 13313 SW 3, residence, erect, $89,000. Ideal Homes of Norman LP, 2625 NW 183, residence, erect, $88,000. Rausch Coleman Homes LLC, 8112 Erryn Lane, residence, erect, $80,000. Ideal Homes of Norman LP, 2608 NW 183, residence, erect, $79,000. Native Warehousing, 121 NE 50, office, remodel, $75,000. Ideal Homes of Norman LP, 1824 NW 143, residence, erect, $68,000. Rick Harris, 1332 W Interstate 40 Service Road, apartment, fire restoration, $68,000. No name provided, 210 Park Ave., remodel, remodel, $67,560. Jason Collum, 4200 Perimeter Center Drive, canopy-carport, erect,
1 BED ALL BILLS PAID on site laundry close to shops. No application fee. Section 8 welcome $550, 641-5402
I BUY HOUSES Any condition. No cost to U 495-5100
Real Estate Wanted
SATURDAY, JANUARY 29, 2011
Apartments Edmond
422
TOP LOCATION! Pd. wtr/garb. Near malls. Try Plaza East 341-4813
MWC
424
$200 OFF RENT 1 & 2 bedrooms. Spring Tree Apartments. 405-737-8172. 1 & 2 BEDROOMS, QUIET! Covered Parking Great Schools! 732-1122
Moore
425
$99 move in special Lg 1bd quiet, clean, coin lndry on site, pool $365mo 794-5595
OKC Northwest
Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 943-1818 Putnam Heights Plaza 1 bed, ch/a, Dishwasher 1830 NW 39th 524-5907 MAYFAIR 1 & 2 bds, shops secure nghbrhd livg. wash dryr hrdwd flrs 947-5665
$200 off
1 & 2 BEDROOMS Furnished & Unfurnished NEWLY REMODELED GATED COMMUNITY
CAVE CREEK ON ROCKWELL
Quiet Casady!
751-8088
•ABC• Affordable, Bug free, Clean » 787-7212»
OKC Southwest
433
787-1620 $199
MOVE IN SPECIAL 1,2,3 Bedrooms available Rent starting at $390mo Plant yourself in a community with room to bloom Village on the lake
405-721-5744
$99 Move In Special!!! Lg 1 and 2 Bdr, $325 to $395 mo. 632-9849 $285 Furnished Efficiency 2820 S Robinson 232-1549
Yukon
438
»»»»»»»»»»»»» » Yukon All Bills Paid » » 1 bd From $495 Move» » 2 bd From $595 In» » 3 bd From $695 Today» » Open7days/wk354-5855 » »»»»»»»»»»»»
465.5
2 bed, 1 bath, ch&a $475/mo. Call Kerry for details, 405-409-7972 3328 Dentwood $600 3116 Dentwood $550 Giles Ent. 670-4833 o/b 4 bd, 2 bd, 2car, $850 mo, $800 dep, Sec-8 ok, 3208 Simmons, 410-9433
Edmond
466
18117EngOakLn3/2/2$1225 523 Nimrod 2/1/1 $700 Express Realty 844-6101 www.expressrealtyok.com Gorgeous House-Edmond 4 bd/3 ba, W/D, Fridge, $1990 mo. 405-639-7045
Jones
467
12400 NE 89. 3bd 2bath 2car 5acres. $1295 +dep option to buy. 348-0436
2809 NW 57, large 2 bed, 1K bath, pool, all appliances, 760-7792.
MWC
Duplexes Edmond
444
1012 Chowning, 2/1/1, 2 story, near UCO, $620 + dep, 285-0305/823-6550.
MWC
446
215 Windsor Way, 2/1/, appls, pets & sec 8 ok, sr disc, $525+dep, 802-1683 OLDETOWNE 3 bed, 2 miles to Tinker, »»» 769-7177 »»»
Moore
447
Luxury Duplex 3 bed 2 bath 2 car garage. Lots of extras. Pets ok. $875 mo. ‘ 642-5996
OKC Northwest
453
1808 N Robinson, upstairs 2bd 1ba 1car, 1200sf, washer/dryer, wood floors, $725 rent, $400 dep. No Sec 8 409-7989 BILLS PAID Small 1 bed, appls, carpet, 1608 NW 47th $395. 943-4303 PCW 2bd 1.5ba 1car ch&a No Sec 8, no pets, $550 /mo $300dep 495-6446
K Off Special 6527K Avondale 2/1/1 1100sf $950mo $800dep or 6523Avondale 3bd 3.5ba 2car 2300sf $1200/mo $1200dp 409-7989 no sec8
Very Large 3bd 1ba Stove, frig, very clean $595 405-625-7600
Del City
Grand Pointe 6500 N. Grand Blvd. 2/2/2 all appls NEWCARPET, $900755-8025
Nice & Peaceful 1 Bed, 2404 Reeves, upstairs No Sec 8 $450, 370-0278
$200.00 off
7301 NW 23rd
Clean loft, 3/1.5/2, 1175 sf, fp, tennis, pool, PC Schools, all electric, no pets/Smoke $795+$400 dep. 314-4736 728-9115
Village/ Nichols Hills 459.5
Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 943-1818
Williamsburg
808 NW 8th Unit 282 Thousands Oaks extra sharp 1bd condo, ch/a, excellent cond, storage closet, $450 mo Fidelity RE 410-4300, 692-1661
1417 NW 17th 2bd 1ba, 1000sf, $500 rent, $300 dep. No Sec 8 409-7989
3037 North Rockwell
First Month’s Rent LARGE TOWNHOMES & APARTMENTS • Washer, Dryers, pools • PC Schools, fireplaces
Condo for rent Midtown OKC Sycamore square. peaceful/quiet/ convenient area. 1yr lease. No smoking. Small pets ok. 2bed, 2ba, Carport, 1235 1FP, Condominium, community pool, $900./monthly 405-796-7343
2510 W. Park Pl, Nice 2 bed, ch&a, w/d hk-up No Sec 8 $550+dep 255-1075
$99 SPECIAL Lg 1bdr, stove, refrig., clean, walk to shops. $325 mo. 632-9849
495-2000
Condominiums, Townhouses For Rent 441
800 N. Meridian 1bd, All bills paid 946-9506
2 BD$525
431
$55,000. Castle Custom Homes LLC, doing business as Castle Creek Homes, 3120 NW 163 Court, residence, add-on, $50,000. Nashert Contracting, 6446 N Peniel Ave., clubhouse, add-on, $45,000. Hib Michael Homes LLC, 2661 SW 38, residence, erect, $40,000. Quality Construction Co., 1613 Johnston Drive, residence, fire restoration, $40,000. Maccini Construction, 1601 Northwest Expressway, office, remodel, $39,500. Hernandez Construction, 11800 Lorenta Circle, residence, add-on, $30,000. Callahan Steel Buildings (Curt), 7701 Ambassador Road, storage, erect, $19,000. Alloy Buildings, 12934 SE 134, accessory, erect, $18,500. Oklahoma Diamond Group LLC, 9100 NW 83, residence, erect, $17,000. Isidro Olvera, 2121 SW 63, residence, add-on, $16,000. 322 Property Management LLC, 322 NE 2, retail sales, remodel, $15,000. Adan Deleon, 2125 NW 13, residence, fire restoration, $15,000. Chasadi Inc., 3124 NE 14, residence, fire restoration, $12,000. Al Ramsey, 2812 NW 17, duplex, fire restoration, $10,000. Al Ramsey, 2814 NW 17, duplex, fire restoration, $10,000. Allen Porter, 3401 Melcat Drive, office-ware-
Yukon
460
468
314 E Kittyhawk, 2 bed, 1 bath, 1 car, ch&a $575; 3200 N Idylwild, 4 bed, 2 bath, 2 car, ch&a $900; 5409 S Huddleston, 3 bd, 2 ba, 2 car, ch&a $700; 1820 Rulane, 3 bed, 1.5 bath, 1 car, ch&a $725 »» 405-670-2132 »»
3bd 1bath new carpet, new appls! ceiling fans fenced yard $595 + dep 616 E. Steed 769-8800 7 Room house 1bath fcnd. 1/2mi to Tinker. MWC schools. $650mo + $650 deposit. 732-9653 3/1K + den 700 E. Arbor. 3121 Neighbors Ln 3/1/1 + den. sec 8 ok $695 rent. $350 dep. 324-2611
7204 Seminole Terr. 3bd 2ba 2car $850 call Alex 405-990-0488
2028 Turner 3/1 ch&a. $565 no pets, Giles Ent. 670-4833 933CrabtreeCove3/1/1 $595 1041SycamoreDr3/1/1 $475 681-7272
Moore
469
13125 Moccasin 3bd 2ba 2car Eastlake Estates, fireplace, ch/a, huge yard, Westmoore Schls $995 mo, $500 dep. Purchase option available. Fidelity RE 410-4300, 692-1661 Rent, Rent to Own605-5477 2bd from $395-595 3bd from $450-895 4bd from $595-995 housesforrentofokc.com
1212 N. Norman 3bd 1ba 1car 900sf $675+dep Home&RanchRlty 794-7777
Newalla
471
2 & 3 Bed Houses & Mobile Homes Newalla & other areas. 733-8688
Nicoma Park 472 2bd, 1ba, lots of storage all appliances, wood flrs $550 appt only 323-8867
OKC Northeast
Del City
1236 NE 48th 3bed 1bath 2 living 2car $725 681-7272
1321 Beachwood Drive 3/1.5/2 $675 4016 Thomas Ave 2/1 $495 681-7272
2301 N. Hood 3bd, 1 bath $495/month 408-5836
OKC Northwest
475
Peaceful lakeside living! Summerfield townhome. Garage, fireplaces, deck. No smoke/pets. 3bed, 2ba, community pool, $1250 (405) 812-0772, or 7218418@gmail.com 2145 NW 15th Spacious 3bd 2ba, garage, corner lot, large fenced yard, ch/a, fresh paint, new carpet, only $675 Fidelity RE 410-4300, 692-1661 2100 NW 114th St K off special 3bd 2ba 2car 1620sf, fireplace, patio deck $985/mo $985/dp 409-7989 no sec8 Rent, Rent to Own605-5477 2bd from $395-595 3bd from $450-895 4bd from $595-995 housesforrentofokc.com 8300 NW 10 3/1.5/2 $650 8344 NW 113 Tr 3/2/2 $975 14415 N Penn 1/1 $525 Express Realty 844-6101 www.expressrealtyok.com Elegant 3BR Executive Home. Marble, granite. Rare, never rented, 2300sf $1645 255-4300 3bd, 1.5ba, 344 NW 86th $600mo, $300dep. section 8 approved. SPM Realty, 360-0526 3 bd, 1. 5 ba, 2 car, fncd backyard, W/D hookup $800mo 4916 N Cromwell Pets Ok. 714-412-9008
$500 Move In Special, 231 NW 81st, 4/2, ch&a, $750, 229-7437.
3 bed 1 bath, great yard, Quiet St. 6900 NW 57th, $695 new ch&a 376-5846
465.5
474
6417 SE 15 St. 3BD, 1BA 1 car gar, cent heat/air $600/mo. 741-1201
609 NW 17th Nice 3bd 1.5ba 2-car garage ch/a only $795 Fidelity RE 410-4300, 692-1661
Bethany/ Warr Acres 464.5
OKC Northeast
2 bed, 1 bath , fncd bkyd, 1 yr lease, $600 +$600 deposit. 405-414-5940
Hotels/Motels 462
RE for rent
Kendall Concrete, 2225 N Kate Ave., garage. Kendall Concrete, 2509 NE 18, garage. Midwest Wrecking, 1124 NW 58, house. Midwest Wrecking, 1621 W Park Place, garage.
Small Trailer furnished » close in » $350 mo » 405-732-9911 514-5634
Near 4th & Janeway 3/1/0,CH/A,Den,Carport, 695/600, No Pets, No Sec 8, App Fee. 691-5479
Nice Furnished, bills paid $840/$960, peaceful apt week/month 370-0278
Demolitions
10601 Flamingo Ave, $795, 2/2/2, all appls, no pets, J W Rlty, 755-2510.
Duplexes, 3 bed, 2 bath, 2 car, some new, some gated, call Rick, 405-830-3789.
Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 943-1818
house, remodel, $10,000. Gibraltar Construction Co., 39 SE 46, residence, add-on, $8,400. Dimensional Construction Inc., 1600 W Interstate 240 Service Road, shell building, remodel, $7,000. Ben Franks, 3801 SE 86 Place, residence, add-on, $6,500. Mario Esli Soto, 1811 SW 15, residence, add-on, $5,000. David Carlson, 2401 SW 100, canopy-carport, addon, $3,000. Midtown Developers, 1101 N Broadway Ave., storage, install, $3,000. Alloy Buildings, 1005 SW 99 Place, canopycarport, add-on, $2,500. Ron Copelin, 216 Steve Court, storm shelter, install, $2,400. Alana Creach, 905 Coyote Drive, accessory, erect, $2,270. Ruben Trevizo, 800 SW 32, canopy-carport, addon, $2,000. David Keith Holsapple, 3341 NW 28, storage, install, $2,000. J.L. Walker, 6609 S Blackwelder Ave., temporary building, move-on, $1,200. Eric L. Beam, 7729 Green Meadow Lane, storage, erect, $1,024.
Extra nice, 3 bed, 1 bath, brick, ch&a, $650 month + $650 deposit, 340-0566
7412 SE 15 3bd $575 559 Babb 1 bd $375 732-3411
474
3 bed, 1.5 bath, 1 car, large den, partly furnished, $600, 638-5262.
9F
324 NW 92nd, 3 bed, 1.5 bath, 2 car , CHA, $600 + Dep 317-6411 413-6204
OKC Southwest
477
1616 SW 68th 3/1/1$695 1217 SW 50 2/1/1 $550 1100 SW 38 2/1/1 $475 3133 SW 28th 3/1 $450 3009 SW 20th 2/1 $450 2401 SW 43rd #7 1bd apt, total elect, water paid $325 681-7272 2 bed, 416 SW 44th, $500 month; 2 bed, 1540 SW 34th, $525 month; 3 bed, 3320 S. Woodward, $525 month; all deposits $250; 631-8039. Rent, Rent to Own605-5477 2bd from $395-595 3bd from $450-895 4bd from $595-995 housesforrentofokc.com 1160 SW 77th Terrace sharp 2bd duplex, ch/a, fireplace, fenced yard, only $675 Fidelity RE 410-4300, 692-1661 K Off Special 5215 S Land 3bd ba 1car 1000sf $700/mo $400/dp 409-7989 no sec 8 2900 SW 60th 4bd 2ba 2car, 2 story, corner lot, ch/a, $850 Fidelity RE 410-4300, 692-1661 121 SW 39th, 2 bed, 1 ba Garage, $385/mo 408-5836 2/1/1 at 3708 S Brookline, ch&a, $550 month, 323-9960. 1342 Broderson Circle 3 bd, 1.5 baths, Garage $625/mo 408-5836 5116 S Olie Ave, 2bd, 1bath, New carpet, garage, 408-5836 3072 SW 37 St., $450 + dep, 3 bed, ch&a, fncd yd Hestand RE, 685-6817. 2504 SW 32 3bd 1.5 bath 2 living areas $575/mo 408-5836 2732 SW 51, 3bd, 1ba, $650mo $500dep Sec 8 Ok Others avail 314-8541 517 SW 47th 3 bd, 1 ba, ch&a, $650mo, $350dep. Sec 8 OK. 408-9258 Moore schl 3/2/2 1800sf TAFB, frig F/P $1100mo $1000dp $250pt 895-6606 4024 SW 27 St, 3bd, 1 ba, $465/mo 408-5836
Section 8 2 or 3 bd, 1 ba, all elec., Just remodeled 733 NW 86th 414-7450
2436 SW 46th, 3 bd, 1 bath, $515/mo 408-5836
723 NW 25th, 5 bd, 2 ba, ch&a, w/d hu, $985 mo, $600 dep, 850-9795.
Village/ Nichols Hills 481.5
716 NW 88th, 2bd, 1 ba, 1car, ch&a, wd hkp $585 /mo. $400/dep. 850-9795
3/2/2 Totally remodeled, 1200 sf. $800+ $500dep. NO PETS 2529 Manchester Dr. 340-3058
1 bed, 1 bath, lawncare, near OCU, $385 month+ $385 dep 405-414-5940 3925 NW 18th, 2bd,1ba, ch&a, clean, $650 mo 405-740-7333 1033 Hoyt 3/1/1 681-7272
OKC Southeast
$575
476
5025 Union Circle 3bd 1O ba 2-car $725 529 SE 72nd 3/1.5 $550 805 Binkley 3bd 1ba $395 681-7272 343 SE 49th spacious 2bd home, ch/a, large corner lot, completely fenced $525 mo Fidelity RE 410-4300, 692-1661 Rent, Rent to Own605-5477 2bd from $395-595 3bd from $450-895 4bd from $595-995 housesforrentofokc.com 335 SE 44th, 3 bed, ch&a no pets, $450 + $150 dep. Ref Req. 321-4773 Very Nice 2/1/1, ch&a, lrg living. No Sec 8, No Pets. $585+dep 650-9684 5209 Bodine, Nice 3bd 1ba 1 car $550 • 732-3411 128 SE 23 3bd, 1 bath $495/month 408-5836
Yukon
482
3/2/2 liv, 133 Maindale Dr. $850+ $850 dep. No pets. 203-9121, 354-1323 3bd/2ba/2car storm cellar Mustang schools, $750/mo » 414-2235
Mobile Home Rentals 483 $ FREE RENT 1ST MO $ 2BR $350+, 3BR $450+, MWC NO PETS 427-0627 Lexington Crossing Park 3 bed, 2 bath $650mo, $300dep 408-9258 Rent to Own: Nice 2&3bd MWC $350&up 390-9777
Rental Services
487
PROFESSIONAL REAL ESTATE SERVICES Mgmt » Leasing » Sales Spectrum Management 848-9400 usespectrum.com
Rooms For Rent
489
Mature single person, smoking okay, near Tinker, $450 month, utilities included, 326-9114
10F
SATURDAY, JANUARY 29, 2011
Existing-home sales close year with upswing BY STEVE GOLDSTEIN MarketWatch
WASHINGTON — Sales of existing homes jumped 12.3 percent in December, providing an encouraging end to the worst year since 1997, as the collapse in house prices and a wave of foreclosures depressed activity over the 12month period. The National Association of Realtors said existinghome sales rose from November to a seasonally-adjusted annualized rate of 5.28 million. That beat the expected rate of 4.88 million, but the rate of sales was 2.9 percent below the rate of December 2009. November’s sales were revised higher to 4.7 million from the initial 4.68 million reading. The raw, unadjusted figures showed sales rising to 404,000 in December from 355,000 in November. The jump in the mortgage rate to 4.8 percent, a rise of roughly one-half of a percentage point from this year’s depths, has helped induce on-the-fence buyers back into the market, said Lawrence Yun, chief economist of the Realtors’ group. The improving economy also helped confidence, Yun said. The annual tally of sales was 4.91 million, a drop of 4.8 percent, based on preliminary data. The trade group said a fuller review of 2010 data would come next month, when it also will announce revisions to activity over three years. Yun said the improving economy, as well as rising rental prices, may help lift sales to a 5.2 million rate in 2011. There’s still a glut of properties on the market, though inventories have been gradually going down. Inventories of 3.56 million homes represented 8.1 months of supply, compared with 9.5 months in November. The median price of existing homes in December decreased 1 percent to $168,800, the lowest since February, and November prices were marginally revised lower to $170,200. Over the year, prices edged up 0.3 percent to $173,000, which is still well below the $198,100 of 2008 and the $219,000 price in 2007. Yun doesn’t expect much price movement in 2011. Distressed-sale properties, which typically go for discounted prices, accounted for 36 percent of the market in December, up from 33 percent in November. “Perhaps now that the foreclosure mess is out in the open and banks make it a point to become extra diligent in the foreclosing process, that would help those interested in buying such homes be more comfortable with a purchase,” said Jennifer Lee, senior economist at BMO Capital Markets. A gradually improving economy is helping to set a floor amid the ample supply of housing and an expected pickup in foreclosures once documentation issues are sorted out. Activity is now barely above the level of June, when buyers scrambled to complete sales before a tax-credit deadline. “Although existing home sales have picked up over the past few months, the fundamentals for housing demand are still weak,” said Michelle Meyer, an economist at Bank of America Merrill Lynch, pointing out the 16.7 percent underemployment rate. She said sales growth could slow or even reverse over the next few months. MCCLATCHY-TRIBUNE INFORMATION SERVICES
Susan Liner
Liner joins Paradigm office Susan Liner has joined Paradigm AdvantEdge’s south office, 1530 SW 119, as a residential real estate sales associate. The lifelong Oklahoma City resident has been in the real estate business for six years. She holds the GRI (Graduate, Realtor Institute) professional designation.
Darrell Mason
Mason joins Churchill-Brown Darrell Mason has joined Churchill-Brown & Associates Realtors’ south office, 9620 S Pennsylvania Ave., as a residential real estate sales associate. He is a lifelong resident of the metro area. He has four years of real estate sales experience and is trained in home inspection and appraisal. Previously, he was a 30-year employee of General Motors, where he was plant quality coordinator.
REAL ESTATE
THE OKLAHOMAN | NEWSOK.COM
Mortgage loans available in Cleveland County FROM STAFF REPORTS
NORMAN — The Cleveland County Home Loan Authority has made available up to $10 million in 30-year first-mortgage loans at a fixed interest rate of 4.95 percent with 3 percent down payment assistance for the purchase of homes in Cleveland County. The down payment assistance will be in the form
of a second mortgage at 0 percent interest rate, forgiven over five years. In addition, $10 million is available for unassisted 30-year loans at a reduced interest rate of 4.5 percent. Cleveland County Home Loan Authority trustees Rusty Sullivan, Rod Cleveland and George Skinner said the loan money is from the authority’s tax-exempt singlefamily bond program. The
program is part of an initiative by the U.S. Treasury and U.S. governmentsponsored enterprises. Loans are available on a first-come, first-served basis. Participating lenders are American Southwest Mortgage Corp., Ar-
vest Mortgage Co. Inc., Citywide Mortgage LP, First American Bank, McClain Bank, Republic Bank & Trust and Universal Mortgage Corp. For more information about the loans, call one of the lenders.