Northwest Oklahoma CityHow will real estate change?  If interest rates remain at the current low rate for the next few years, and sellers are waiting on the market to improve before putting their homes on the Oklahoma City MLS, will we see a reduction in inventory?

With the remaining listings in the Oklahoma City area, are buyers already struggling to find a nice home that is a perfect fit for their needs?

For the buyer who wants a few acres and cable Internet and TV, it’s already a challenge to find a home that is close enough to their work place in Oklahoma City.  For the retired person who wants to live on the golf course, they don’t give these properties away.  For the young single mother who doesn’t have the time or ability to make home repairs, but doesn’t want pay rent any longer, it is a challenge to find a move in ready home that is in great shape.

I have clients that have been looking for their perfect dream home for many months, some even years.  I don’t think their picky.  They just don’t have to upgrade and they are comfortable in their current home.  Also the Media plays a big part and causes fear in these times of uncertainty.

Some want to upgrade, but think that they can’t sell their house in today’s market.  They don’t see the loss in equity in their current home being a gain in equity of a larger home in today’s market with the low interest rates and the motivated sellers.

Real estate is subject to supply and demand like any other commodity, with the exception of location and investment purposes.  How will real estate change?  It’s going to be interesting.

Feel free to contact us with any question pertaining to your real estate needs and thanks for reading.

Rick and Nancy

Helping make your Dreams Come True