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Your guide to Oklahoma City s exploding real estate market Richard Mize, Oklahoman © RICHARD MIZE/THE OKLAHOMAN FILE A home that sold earlier this year in Edmond.
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.
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