We are back from San Francisco, and as usual the activity level is up. We had quite a bit of pre-construction but not many completed houses. Since we have been back we have been calling builders to see if they want to make deals on existing inventory. We do have some discounted finished homes if you are interested. We have two homes in Edmond that are 1532SF, 3/2/2, and they have been reduced to $149,900. The same builder has a 1950SF home in Edmond that is 3/2/2, but it also has a large gameroom and it backs to a greenbelt. This has been reduced $17,000 to $180,000. In Choctaw we have a 3 bedroom with a study reduced to $161,900. All homes are full ICG upgrade and ready. We have some more coming. The market is still stable with June sales equaling last year in numbers, but up in average price and total volume. The number of homes on the market is about the same as last year.

As expected, our activity level is up due to school starting in two to three weeks depending on the system. At present, we have rented almost everything. Edmond and Deer Creek is completely booked with no current availability. I do have three homes we are about to pre-lease that the builders are already letting the renters move in and holding the rents in escrow for the new investor until they close. I just showed two prospective renters that will confirm tomorrow and I have investors who already want the homes especially if they are leased already. I do want to comment on the quality of our renters. I am in another ICG market, and I am having to take renters with 530 credit scores in order to get someone in. In Oklahoma City, we don't have to take under 640 here, and many are in the 700's. Both the people I am working with could easily buy a home. They are both moving from Louisiana to work for oil companies. They plan to study the market up to two years before buying, but they would be A paper mortgager. I am so proud of what our team has accomplished in the last three years. For those of you who were pioneers in 2005 I say thank you. You came while we were still scrambling to make all the parts fit together and that is a daunting task. In 2007, the deals are better, the renting is faster, and the market is growing. FYI, I do have a town home at The Commons at Quail Creek rented for $1175, that you can buy at $139,900 with a years lease. I also have another home that is being rented for $1600 with a price to be determined tomorrow. It is in the Yukon school district.    

I am looking forward to my trip to San Francisco on Friday the 13th! Since I am not superstitious, the flight should be a prologue to the pleasure of meeting old friends. The seminar on the 14th is a wonderful opportunity to see investors who had faith in our market, as well as Orjana and me, and for that I am truly grateful. I hope I have given you some good properties that help build your future in return. We are coming with some outstanding deals that offer positive cash flow, as well as terrific financing options. How about buying a home and having it cost you only $200 plus escrows for the first four months, and at no charge to you. or maybe a condo conversion starting at $32,900 with $95 per month positive cash flow and a renter up front to boot. I hope to see you all this weekend.  

Yes I know I am not supposed to be working, but if I keep typing I can avoid eating carcinogens in the great American hot dog. Life is good here. No rain for two days! Construction can commence which will make our dirt phase buyers happy. Rentals are going great. Even with renewals that are the greatest at the end of June, we still have a 96% current occupancy rate and an average of 45 days on the market as a year round figure. This normally is around 28 days in the best rental months. Even better news is that we have had a yearly rental appreciation of 8%. When we started closing in early 2005 with very few homes we had high rents, but like all territories, as more rentals come on the market rents start to depress and then they stabilize. We have had a good base rent, but because we have been diligent in not overselling any areas, and with a high occupancy rate, we are working on increasing the rental rates even more. It is not enough for a Realtor who sells investments to get you into good neighborhoods, it is also our duty to follow the ICG plan of protecting investors who have already bought. We like to keep making sales obviously, but not at your expense. I am bringing some unique investment opportunities to San Francisco for the ICG seminar on the 14th, and I have come up with some terrific financing terms which i think you will be excited about. The hell with typing an avoiding that hot dog. It may not be good for me but it sure taste good.