I just saw in this recent Harris Poll survey, that 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable. However, being realistic, I think it’s unlikely all 28 million Americans will…
Many people are reaching the point in their lives when they need to decide where they want to live when they retire. Planning ahead can ensure a stress-free experience. Obviously, many factors enter into the decision-making process, including considerations on proximity to family and friends, proximity to recreation, and entertainment opportunities. When approaching this stage,…
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these two big issues in today’s…
To sell your Tulsa area home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting…
The recent changes in home prices are top of mind for many as the Tulsa housing market begins gearing up for one of our city’s most beautiful times of the year. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices. Local price trends…
If you’re thinking about buying a home in the Tulsa market, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built. It may well be that new construction has been been more greatly…
No matter how the Tulsa housing market changes, there are some things about owning a home that never changes—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours. Over the last few…
Before you buy a home in Tulsa, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what…
67% of Americans say a housing market crash is imminent in the next three years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. With all the talk in the media lately about shifts in the housing market,…
The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome…
As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to…
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started…