Experts Forecast a Turnaround in the Housing Market in 2023
The Oklahoma housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortg
Lower Mortgage Rates Are Bringing Buyers Back to the Market
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the Oklahoma market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are sta
The 3 Factors That Affect Home Affordability
If you’ve been following the Oklahoma housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Econo
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