
This past week we received a tremendous amount of rain, which we were all very thankful for. My rain gauge in my backyard recorded 4.5 inches of rain in 4 days! Considering our average July rainfall total is about 2.26 inches for the entire month this was pretty good! In Oak Ridge, we have a small portion of the dam completed on the new lake so we were able to catch a little bit of the run off water from all the showers. It was a beautiful sight to see! The buffalo also highly enjoyed these days as they love cooler weather and rain!
We've also been hearing wonderful news in the national real estate market this month. New home sales and builder confidence continues to rise to some of the highest levels in five years. I read an article in Builder Magazine stating that new home prices in many markets are predicted to rise 11 to 13 percent in 2013. The price of existing homes is expected to rise 7 to 8 percent. This is good news for everyone but what it also means is that if you're waiting to invest in a new home you're going to miss the boat. Now is the time, new homes are appreciating significantly faster than existing homes. Its a fact that new home prices will rise and rates will increase. Right now, interest rates are still wonderful! The longer you wait, the more its going to cost you to get into that beautiful home you've always dreamed of! In The Oaks we still have 9 homes ready to move into immediately. Come out, look around and talk to us about how we can make that dream become a reality sooner than you might think!
We would also like to welcome our newest resident, Dr. Le, to The Oaks. Dr. Le is a general surgeon at Southwestern Medical Center. Its great to be adding so many wonderful new faces to the neighborhood.
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