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Suburban poverty on the rise

According to a recent study, poverty has increased 64 percent across the United States over the last 12 years.

You might assume it’s referring to urban areas but this shocking statistic is talking about the suburbs.

When you’re driving through an upscale neighborhood in the Oklahoma City suburbs, life for those residents can seem so perfect, on the outside.

“It’s a dream home, it really is,” a suburban homeowner said, who did not want to be identified. “When you look around, you still pinch yourself and you go, ‘Wow, this is very cool.’”

That homeowner, who wanted to be called David for this interview, is now six months behind on the mortgage and his beautiful house is in foreclosure.

“Right now, our bank account is less than zero,” he said.

4 biggest home seller mistakes

Are you trying to sell a home but not having any luck?

Don’t blame the economy; chances are it doesn’t have anything to do with it.

Focus instead on what you can control.

Mover’s Real Estate broker and radio host Becky Ivins stopped by to talk about the four biggest mistakes home sellers make.

LINK: Things to do before calling real estate agent

Peek inside the Devon Tower

Peek inside the Devon Tower

OKLAHOMA CITY -- The Devon Tower reached its final height a few weeks ago. While it has been easy to see the outside of the building taking shape, it has been mostly up to the imagination to see the inside, that is until now. 

Saving a Buck: Mortgage Rates

Saving a Buck: Mortgage Rates

Just when you thought mortgage rates had hit an all-time low, they've dropped again. Gary Atchley with Keller Williams Realty said he's never seen a better market for home buyers with the least amount of risk.

So whether you're buying or refinancing, he said the time to act is now.

"Be sure to take advantage of it," Atchley said. "We don't know how long it's going to last. It can't last forever."

Atchley is referring to the average 30-year Fixed Rate Mortgage dropping to a record-low 3.94 percent last week.

He calls it a wonderful opportunity for people to afford the home of their dreams.

"It gives them an opportunity to keep their payments down to a point where they'll have more money in their pocket at the end of the month," he said.

The economy has had a major impact on the OKC metro housing market.

New weapon for homeowners against grass fires

New weapon for homeowners against grass fires

An Oklahoma pool builder says his new invention can minimize the devastating damage from Oklahoma's grass fires. Kirby Kilfoy says seeing a swimming pool full of water next to a house burned to the ground gave him the idea.
"I thought, well, let's use a pool to extinguish fires," said Kilfoy.
The pool hydrant system hooks into your pool's pump and, in essence, provides you with your own firefighting hose.
"You've got up to eight hours of firefighting capabilities," says Kilfoy.
The system uses a 100-foot hose that can connect to the pump for an in ground pool.
Kilfoy says it can put out 5,000 gallons of water per hour and shoot a stream up to 60 feet, using the water from inside the pool.
He says it provides something valuable to his customers.
"Peace of mind. Hopefully they won't have to use it, but it's there if you have to. And you could even fight your neighbor's fire if it's in the right location."

City to offer Homebuyer Assistance Program

City to offer Homebuyer Assistance Program

Experts say now is the time to purchase that new house if you haven't already done so and the City of Stillwater would like to help.

Stay warm and save some green

While the holidays tend to have a negative effect on your wallet, there are a few things you can do to put some of that cash back into your pocket when it comes to heating your home.