Rob Schaerer News Today

Oklahoma was ranked the fourth best state for first-time homebuyers, according to a recent affordability report.

The Norman housing market is no longer the frenzy seen in recent years due to increased interest rates, and local experts say while it may still be a sellers market,

Lumber supply prices continue to drop significantly, but Norman-based, metro-area builders aren’t holding their breath in a volatile building costs market, and prospective new homebuyers won’t likely see a drop

Apr 4, 2021 Pictured is a lot that recently sold in Norman. Thirty year mortgage rates are on the rise. Kyle Phillips / The Transcript The rate for a 30-year mortgage is increasing to the highest level since June, but that doesn’t seem to be slowing the market in Norman, according to local experts. According to weekly data released by federally chartered home loan mortgage corporation Freddie Mac, 30-year fixed-rate mortgages averaged 3.18% for the week ...

Jan 9, 2021 A house for sale on East Frank Street is pictured. The number of homes for sale in the U.S. reached a record low last month. Kyle Phillips / The Transcript NORMAN — Recent data from a national real estate listings website reveals record lows in home listings across the U.S., a trend that holds true for the Oklahoma City metro area. A Dec. 2020 housing report released by Realtor.com this week shows the number of homes for sale in the U.S. drop...