Oklahoma City Real Estate News
Oklahoma City
Residential Real Estate Investor Activity Down 49 Percent Annually in U.S.
National property broker Redfin reports this week that real estate investors purchased 48.6% fewer homes in the first quarter of 2023 than they did a year earlier as elevated interest rates along with declining rents and housing values ate into potential profits.
Residential Mortgage Originations in U.S. Drop to Lowest Point in 23 Years
Based on ATTOM's latest quarterly 2023 U.S. Residential Property Mortgage Origination Report, just 1.25 million mortgages secured by residential property (1 to 4 units) were originated in the first quarter of 2023 in the United States - the lowest point since late-2000.
U.S. Office Vacancies to Peak in Late 2024, Says CBRE
According to a new report from CBRE, there is relief for the U.S. office market on the long-term horizon in the form of constrained new supply.
America's Home Prices May Not See a New Peak in 2023
Based on Realtor.com's latest Monthly Housing Trends Report released today, U.S. home prices rose slightly in May 2023, but price growth slowed to the lowest rate on record since 2016, suggesting home prices may not see a new peak in 2023.
