Seller’s and homebuyer’s manual to OKC’s booming housing industry

Rose Hansen

Almost nobody noticed the homebuying increase coming out of the fog of the coronavirus pandemic, but by previous summer season the industry had exploded. A unstable blend brought on it to practically spontaneously combust: Coronavirus-linked pauses in design as properly as the manufacture and distribution of setting up supplies sucked […]

Almost nobody noticed the homebuying increase coming out of the fog of the coronavirus pandemic, but by previous summer season the industry had exploded.

A unstable blend brought on it to practically spontaneously combust:

Coronavirus-linked pauses in design as properly as the manufacture and distribution of setting up supplies sucked down the provide of new houses in the spring of 2020.

That combined head-on with federally engineered very low house loan fascination rates that sparked desire — which includes from buyers swooping in to obtain residences to convert into rentals.

Confront mask prerequisites and social distancing did not deter want-to-be-prospective buyers. Protection precautions did make want-to-be sellers unwilling to put their residences on the market — lest they have to enable strangers inside to look — even more tightening provide.

It’s been a wild trip. This is your information to the housing current market in Oklahoma Town. This listing will be updated as coverage continues and the sector evolves. 

— Richard Mize, Oklahoman real estate editor

What do I need to know about the Oklahoma Metropolis housing market if I am searching to invest in?

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