Talked to a mortgage lender Thursday afternoon...

[The Man From G.O.P.]

Wow friends, way to knock the fellow down for nothin.


Buy the house if you like OKC, now might be a good time.


Unless the market just gets worse

[The Man From G.O.P.]

Basically, I'd go month to month on a rental (you can probably find this in the current climate) and see where the market goes. If we level off I'd snatch up a home, if we continue to spiral downward I'd just keep renting.

I used to live in Edmond, what area in OKC are you looking at?

If possible, I'd really go out of my way to find a heavily discounted cookie-cutter suburban development, perhaps a development that's not even been completed. This allows you to buy a nice, new home at firesale prices, knowing it will one day be surrounded by nice homes. I'm pretty sure the OKC market has 90k homes that fit that bill.

Just make sure you research the developer, call the area's state rep and inquire if they've had any complaints, and contact the BBB and any HOA types.