Realtors: Prices for new homes are outpacing appraisals in OKC
Rising builder costs for scarce labor and hard-to-get materials are showing up as rising prices for home buyers and busted deals over low appraisals.
Source: oklahoman.com
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Parade of Homes Spring Festival rides out housing market storm
Oklahoman Nobody holds a parade during bad weather, but the Parade of Homes Spring Festival will go on despite a "perfect storm" in the housing market. Just 50 homes are in the parade, April 23-25 and April 30-May 2 — less than half as many as usual, with entries scattered from Edmond to Norman and from Yukon to Choctaw. Coronavirus precautions will be observed. "Builders can’t keep inventory long enough to show during the parade," said Elisa McAlister, executive vice president of Central Oklahoma Home Builders Association, which organizes the event. The featured neighborhood is Cross Tim...
Source: oklahoman.com