Oklahoma City Real Estate News
Oklahoma City
Homeownership Expenses Consume 34 Percent of Average Wages in U.S.
ATTOM Data's latest U.S. Home Affordability Report for the third quarter of 2024 reveals that single-family homes and condos across the nation remain less affordable compared to historical averages in 99% of counties with sufficient data.
Future Homebuyers Sitting on Sidelines Until After U.S. Presidential Election
According to national property broker Redfin, the typical monthly housing payment for a U.S. homebuyer was $2,671 during the four weeks ending July 21, 2024, marking the lowest level in four months.
Affordability and U.S. Election Stalling U.S. Consumers Home Buying Decisions
In July 2024, pending home sales dropped by 5.5%, as reported by the National Association of Realtors. All four U.S. regions experienced monthly declines in transactions. Compared to last year, the Northeast saw an increase, while the Midwest, South, and West showed decreases.
Zombie Foreclosures in U.S. Decline in Q3, Reaching Lowest Levels Since 2021
Based on ATTOM's newly released third-quarter 2024 Vacant Property and Zombie Foreclosure Report, almost 1.4 million (1,357,423) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 76 homes, across the nation - roughly the same as in the second quarter of this year.
