Simmons Homes

Ever since the economy sank, the housing market has been hitting historic marks—lows in pricing and interest rates and highs in foreclosures and short sales. But while all of this activity has ignited the buyer’s market, renters are still hesitating on making their move to homeownership. We are fortunate in Tulsa to have missed out on most of that drama.

While it’s understandable to be cautious, there’s also a point when you have to recognize the wide open door of opportunity. According to a recent article in the Wall Street Journal entitled, “Finally, It Is Time to Buy a House”, “There is plenty to be afraid of when it comes to home buying. But in the current investing climate, housing presents an attractive long-term investment that should hold steady or even have upside surprise in the short term.”

Dow Jones MarketWatch writer David Weidner quotes Warren Buffett’s advice: “Be fearful when others are greedy, be greedy when others are fearful.” Based on Buffett’s insight—and who would doubt his venerable wisdom?—the fact that so many people are afraid of buying a home right now makes it a “close-to-perfect investment based on Mr. Buffett’s principle.”

Housing prices are rising for the first time in seven months. Foreclosures are slowing down. Rental prices are the highest they’ve been in 10 years, because with so many people veering toward rentals, landlords are on the plus side of supply and demand. While that’s good news for the income property owners, the renters should seriously be looking a buying a home. With mortgage rates as low as 3.5 percent, a renter can purchase a home and get a mortgage payment that matches—or is even less than—their monthly rent. The difference, of course, is that buying a home is an investment and rent is purely an expense that delivers no equity. And, with housing prices increasing, your real estate investment will grow exponentially.

At Simmons Homes, we can help you comfortably make the move to homeownership so that you get the home you want and can afford. From our move-in ready homes to a custom-built home, we have many options and communities with loads of new homes in the Tulsa area to consider. Let us know what you’re looking for and our knowledgeable building professionals will help you every step of the way.