Oklahoma City Real Estate News
Oklahoma City
Home Sales in U.S. Dip for Third Consecutive Month in May
According to the National Association of Realtors, U.S. existing-home sales dipped in May 2024 as the median sales price climbed to a record high.
Total U.S. Commercial Mortgage Debt Rises to $4.7 Trillion in Q1
Based on the Mortgage Bankers Association's latest Commercial / Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding in the U.S. increased by $40.1 billion (0.9 percent) in the first quarter of 2024.
Homebuilder Confidence in the U.S. Drops to 2024 Low in June
Based on the latest National Association of Home Builders / Wells Fargo Housing Market Index, U.S. home builder confidence in the market for newly built single-family homes was 43 in June 2024, down two points from May 2024. This is the lowest reading since December 2023.
Residential Rents in U.S. Upticked for Second Consecutive Month in May
According to Redfin, median U.S. asking rent rose 0.8% year over year in May 2024 to $1,653 -- the highest level since October 2022. That's the second consecutive increase (rents climbed 0.9% year over year in April) following 11 months of decreases. Rents rose 0.5% on a month-over-month basis.
