Oklahoma Housing Finance Agency Bond Program

OHFA will release approximately $31 million dollars in bond money on April 28, 2009.  The money will be used to give qualified first time home buyers a 3.5% down payment on their first home.

This bond program, along with its low rate, is timed perfectly with the federal tax credit of $8,000 for qualified first time home buyers.  

The press has been calling this combination a "modern land run" claiming there has never been a better time for first time home buyers to purchase a home.

For more information regarding the OHFA bond program: www.ohfa.org

Don't forget to sign up for REALTOR Day at the State Capital

April 15, 2009 is REALTOR Day at the State Capital from 1-4 pm.  

Please join the Oklahoma Association of REALTORS® for a fun afternoon at the Capitol. It will kick off with you learning the latest news from the Capitol. Then, you'll watch the legislature in action. You'll learn about what’s going on under the dome that could have an impact on Oklahoma’s real estate industry! Next, you will be able to meet your legislators and thank them for the important work they do and take the time to share your views on the bills they will be voting on. The afternoon will wrap up with an ice cream party in the rotunda.

 

Show the Political Power of the REALTOR® Family. Bring some friends and we'll see you at the Capitol!

For more information, please email Amber Corbin at acorbin@okcmar.org

Banks in Real Estate

On Wednesday,March 11th,  President Barack Obama signed H.R. 1105, the Omnibus Appropriations Bill, into law. In doing so, he ended our nearly eight-year battle to preserve the separation between banking and commerce.

Specifically, this new law permanently  bans large national banking conglomerates from entering the real estate business by preventing the Treasury and Federal Reserve, by rule, order, or any other way, from opening the door to such activities.  We have been fighting the banks’ entry into real estate for eight years and thus, this is a great victory for REALTORS® and consumers!