The Norman Transcript

Breaking News

Opinion

February 23, 2013

Homes sales on the rise

NORMAN — The recent spike in gasoline prices and slower tax refunds has put a damper on some retail activity. Wal-Mart is reporting it expects sales to slow a bit. The U.S. housing market, however, is reporting brisk sales activity and higher prices.

The National Association of Realtors reports sales rose 0.4 percent in January compared to December. It’s the second highest sales pace since 2009. That year a temporary homebuyer tax credit helped boost sales.

The median price of a home sold in January was $173,600. That’s up more than 12 percent from a year earlier. Increased sales prices are signficant since many homeowners ended up with more debt than their homes were worth in the last four years.

In 2012, according to the Associated Press, 4.66 million homes were sold. That’s a 9.4 percent rise over 2011.

A tighter supply kept that number from going higher.

Forecasts for 2013 are for even more growth. With hiring picking up and the continuance of near record low interest rates, economists project even more sales.

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

1
Text Only | Photo Reprints
Opinion
  • Reform is necessary

    Editor, The Transcript: Last year, the legislature passed laws reforming the Oklahoma Department of Veterans Affairs, which was a good start, but more is needed. Recent media reports have revealed that the ODVA employs M.D. and D.O. ...

    April 20, 2014

  • Keep your brain cells

    Editor, The Transcript: Hey kids. Four centuries ago, Shakespeare wrote about life’s seven great adventures. I forget his exact words, but they were something like this: 1. Our birth; none of us can remember it, but never the less, it is ...

    April 20, 2014

  • Don’t let moderation confuse you

    Jeb Bush’s recent compassionate comments on immigration show how far apart he is from the far right of the Republican Party....

    April 20, 2014

  • Priest’s execution should spur action

    In the hierarchy of saints, martyrs are on the highest rung of the celestial ladder, at least for me....

    April 20, 2014

  • Settlers found opportunities in red dirt fields

    There are few constants in families where the teenagers and soon-to-be teenagers outnumber their parents. One things holds true at my home: Nobody gets out of bed in the morning before dear old Dad....

    April 20, 2014

  • Necessary services may be reduced

    Editor, The Transcript: There were criticisms of the Oklahoma Senate bill for a test project to privatize management of Medicaid; however, no one mentioned a critical issue of reduced services for the more needy of our society....

    April 20, 2014

  • Enforcement not the issue

    Editor, The Transcript: The government is legally right in the U.S. Government vs. Bundy Ranch matter....

    April 20, 2014

  • Family thanks community, takes issue with photo

    Editor, The Transcript: As I write this, it’s been almost eight weeks since Feb. 17, the day my family’s home burned in a fire. We lost our 15-year-old cat, Misti; 7-year-old dog, Sully; 3-year-old rescue squirrel, Rocky; almost 2-year-old ...

    April 20, 2014

  • Dancing forward

    The official motto for Mike Fowler’s chairmanship of the Norman Chamber of Commerce is “Moving Norman Forward.” But after Thursday night’s annual banquet, the sub-theme should be, “Let’s Dance, Norman.” More than 500 chamber members and ...

    April 19, 2014

  • NRA members need to step up

    Please, Mr. Bloomberg, leave the checkbook open, but step away from the podium. Your efforts to curb gun violence and improve safety are notable. The National Rifle Association thanks you....

    April 19, 2014