Paul Durry, Broker Associate, CDPE,CIAS,CHMS

Many areas in Southwest OK were severely hit by a winter storm on Thursday. Entire counties were left in the dark, as the ice did it's damage. Slowly some towns are melting their way back. However, many places will not have power it is said for another week at best. I ask that you keep the effected in your prayers in the coming difficult days and possibly weeks ahead.

According to

SUBCHAPTER 13. TRUST ACCOUNT PROCEDURES

605:10-13-1. Duty to account; broker

Under paragraph (c) Interest bearing account.

"(A broker shall not be prohibited from placing escrow monies in an interest bearing account; however, he or she must disclose in writing to all parties that the account bears interest and identify the party receiving the interest. The Commission does not prohibit the broker from receiving the earned interest. In the event the interest is credited to the broker, the broker should, upon final consummation of the transaction, immediately disburse the interest from the account or insure that the amount does not exceed a reasonable amount to cover normal financial institution charges. The broker is required to maintain complete and accurate records of the interest earned. The interest bearing account must be a demand type account; this prohibits the use of certificate of deposit or other types of time deposits as trust/escrow accounts.)"

So how can the new residential contract demand that the interest be paid to "Oklahoma Housing Foundation? The statement only appears in the Residential contract.

The construction permits topped out at over $8.2 million last month, due to steady new home construction along with commercial and nonprofit ventures. There were a total of 18 new home permits issued valued at nearly $3.1 million. This figure is down from the August total, but up from the same period last year.

The average number of closing also increased from an average 106.8 to 157 per month for the past six months (March - August), couple with an average price increase of approximately 13%. The new construction sales numbers increase from 149 (March - August 2008) to 181 for the same period this year (March - August 2009).

Many of these improvements are thought to be occuring for several reasons; improved consumer confidence in the Lawton area, very attractive interest rates, the arrival of new families (BRAC). Although the influx of the military families has not had any large immediate effect; many hold off from buying right away due to frequent deployments, having homes in other parts of the country that are not experiencing the same results as Lawton and the rest of Oklahoma has. But in the next two to three years there is expected another construction boost.

Relocating to Lawton/Ft Sill or leaving the community, let my relocation expertise be your guide. No matter where you are going or coming from I can get you there! Real estate in Lawton has been strong for many years and with the recent Base Realignment and Closure announcements (BRAC), all indications are that strength will continue. Home sales, including single-family houses, condos/ townhouses have appreciated dramatically.

This last year has brought about a big change in the Lawton/Ft Sill real estate market. After a long period of dramatic inventory increases, the local market seems to be leveling off on supply. This could of course be a temporary lull, but it could also signal the first step in a stabilization of the marketplace.

If you are looking to buy a home, this is still a great time to find that perfect home! With close to over 1000 homes to choose from, which include new construction pre-existing single family, single family with acreage, condo/townhouses and many anxious sellers waiting for an offer you could not have timed it better. Many of the home builders are now are offering large incentives on spec homes, assisting with the closing costs, free options, privacy fencing, yard sprinkler systems, and security systems among other incentives. Please remember if you wish to view or need information on any of the Lawton homes for sale, you can count on me.

Give me a call (580) 248-4400, or contact me paul@pauldurry-realestate.com to discuss your real estate needs. We are a international company with more than 150,000 professionals, in over 70 countries with the experience and insider know how to get you and your family organized in no time.

The communities of Cache, Geronimo, Elgin, which surround Lawton/Ft Sill, offer unparalleled real estate opportunities. Fueled by many industries, a strong military presence, affordable home prices, a significant increase in jobs, and by good planning, all kinds of housing can be found in these areas. There are urban condos/townhouses, condos/townhouses on golf courses, and properties for both families and retirees.

Being close to Lawton/Ft Sill gives each of these communities easy access to the advantages of a major urban city while living away from it all.

Single family homes range from remodeled existing to new construction homes in communities ideal for raising children. There is still land ideal for dream homes, and almost unlimited real estate investment opportunities.

Oklahoma real estate is both beautiful and spectacular. Thus it offers a unique environment, with incredible recreational opportunities, stunning scenery and wonderful weather, ideal for families, and for retirement.

Automatically receive personalized MLS listings by e-mail. Early each morning I will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information!! Simply choose [I Want To Buy A Home] and fill in the requested information. Or, search for yourself at [Search MLS]. Click here for my FREE! [Home Buying Guide].

Hello all from sunny Oklahoma. If all of you have been following the news of the last couple of years, there was a process called Base Realignment and Closures (BRAC). It has became unfortunate for many communities that have a military facility nearby. Many of these communities must make the adjustment of not having the revenue or the residents of these facilities.

On the fortunate side (for me), I am smack in the middle of the realignment side. Within a 110 to 150 radius are located a total of five military facilities (Vance AFB, Altus AFB, Ft Sill, Shepard AFB, and Tinker AFB. Thus out of these facilities Ft Sill is fairing the best. And guess where I am? Ft Sill traditionally has been know as the Home of Field Artillery, that was the old days, we are now called the U.S. Army Fires Center of Excellence and Ft Sill. You may ask why such an exotic name. Well here is why, as part of the realignment process Ft Bliss is loosing it's school - Air Defense Artillery (ADA) and being moved to Ft Sill. Constuction has already begun!

So here it comes, I am paying a 30% referral fee for all buyers that qualify and buy through me. Have anyone in mind?

Where Commitment Makes The Difference!

Paul L. Durry

Broker Associate

RE/MAX® PROFESSIONALS, REALTORS®

Company: (580) 353-7496

Office: (580) 248-4400/4525

Mobile: (580) 620-3247

Fax: (580) 353-4981

paul@pauldurry-realestate.com

pauldurry@remax.net

http://www.pauldurry-realestate.com/

http://www.lawtonokhomefinder.com

http://www.lawtonokhomefinder.net

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