November 17, 2021

Seller’s and homebuyer’s guide to OKC’s booming housing market

Virtually nobody saw the homebuying boom coming out of the fog of the coronavirus pandemic, but by last summer the market had exploded.

A volatile mix caused it to almost spontaneously combust:

Coronavirus-related pauses in construction as well as the manufacture and distribution of building materials sucked down the supply of new houses in the spring of 2020.

That combined head-on with federally engineered low mortgage interest rates that sparked demand — including from investors swooping in to buy houses to turn into rentals.

Face mask requirements and social distancing didn’t deter want-to-be-buyers. Safety precautions did make…

Read full article here: