,

Just Listed: Charming Putnam Heights Cottage with Updated Kitchen

,
 
 
 

Welcome home to Putman Heights!

This cottage is the perfect place to relax, entertain, and enjoy living in the OKC urban core. Every time you pull into your driveway, the charm and curb appeal will make you smile. Head inside to find a beautifully updated kitchen with plenty of space to cook and enjoy meals with company. Be pleasantly surprised by the large primary bedroom with oversized closet, the roomy bedrooms, updated bathroom, and indoor laundry space. After a long day, head outside to enjoy the fall weather and a beverage on the outdoor seating area. You will also find a spacious backyard and detached garage. When you’re ready to venture out, you will enjoy being close to many of OKC’s best dining and shopping. You’re going to love living here!

Listed by Angela Cheatwood for West + Main Homes. Please contact Angela for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmainok.com

Presented by:
Angela Cheatwood
(405) 406-4832
angela@westandmainok.com

Search homes in Oklahoma
 
,

Just Listed: Designer New Build in Arcadia

,
 
 
 

Edmond Schools + Logan County Taxes!

This professionally designed new build features 3 bedrooms, 2.1 bathrooms an office with closet and an upstairs bonus room with closet. The vibe is light, bright and airy with the perfect sprinkling of moody. The entry features a stunning paneled wall and welcomes you into the open concept living space that is perfect for entertaining. Cozy up by the fireplace and enjoy the wooded view from windows that flood the room with light. The kitchen features stylish cabinetry with a large island perfect for serving up brunch. Don't miss the large pantry through the hidden door! Hosting is a breeze with the under stair wine room(!). The primary suite features an en suite bath with double vanities, free standing tub and huge extended closet with built-ins! Outdoor living your thing? The expansive wraparound porch overlooks the 3/4 acre (mol) treed lot! A must see!

Listed by Michelle Henderson for West + Main Homes. Please contact Michelle for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmainok.com

Presented by:
Michelle Henderson
(405) 614-2213
michelle@westandmainok.com

Search homes in Oklahoma
 

Mortgage rates are up, sales are down: OKC's cooling housing market at a glance

 
 

Not only higher mortgage rates make headaches for home buyers watching their buying power slip away — borrowers are having to pay extra to get the best rates.

"In addition to the increase in rates, what most potential borrowers do not know is that it is pretty much impossible right now to get any mortgage without paying discount points," said Scott Senner, senior loan originator with InterLinc Mortgage in Edmond. "One discount point is equal to 1% of the loan amount, and is a cost that is paid at closing in addition to all other closing costs."

Paying points is also called "buydown" or "buying down" a mortgage.

"Someone buying a primary residence can expect to pay between one and two points on their loan — or negotiate it into their purchase contract for the seller to pay it: Good luck with that," Senner said.

By the way, mortgage rates aren't high. Just higher.

"Can we afford it?" Interest rates are humbling OKC homebuyers

"They are only higher now than the artificially low rates that we enjoyed the past couple of years," Senner said. "Mortgage rates in the 3% range are not 'normal.'

"It was great while it lasted, don’t get me wrong, but as both the mortgage industry and the general public start coming down from the sugar high that we have had for the last couple of years, everyone needs to understand that we are in a transition to a much more 'normal' market."

Home price gains are cooling but still hot to the touch in OKC

Here are the clearest signs that home sales are slowing here:

Sales are down:

  • August 2021 sales: 2,143

  • August 2022 sales: 1,907

  • Percent change: -11%

And inventory is up:

  • August 2021 homes for sale: 1,940

  • August 2022 homes for sale: 2,753

  • Percent change: +42%

The bidding wars leading buyers to pay more than sellers are asking is subsiding slightly. Buyers paid 99.9% of the listing price on average in August, the first time in months for the average not to top 100%, according to the Oklahoma City Metro Association of Realtors.

The present inventory would last 48 days if no other homes were listed. In August 2021, there was a 33.5-day supply. This doesn't include for-sale-by-owner transactions or homes sold directly by builders and not through Realtors.

Homes that sold did so somewhat slower, in 14 days on average versus 12 days a year ago.

Keep reading on The Oklahoman.

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Oklahoma

This Weekend: Oklahoma City Metro Area Open Houses for Sep 23rd-25th

 
 

Our agents are hosting Open Houses this weekend all over the OKC Metro. You can find all of these listings on our website. Please reach out to the listing agent for information on times and more information on the listing!

 
 

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

Search Homes in Oklahoma

Search Homes in Oregon

, , , , ,

These Are the 10 Cheapest States to Buy a House in 2022, According to a New Report

, , , , ,
 
 

The housing market varies from state to state, and between prioritizing location, calculating taxes, and paying utilities, it can be difficult to discern which cities truly have the most affordable homes.

Still, people try.

Mortgage lender site Homebuyer.com recently published a new report on the 10 cheapest states to buy a home by tallying median home prices, household income, and estimated monthly mortgage payments. By assessing the median home price and average income, the homebuying site was able to calculate the percentage of income paid to the mortgage.

Here are the cheapest states to buy a home, according to their research:

1. Iowa 

Median home price: $147,800
Median household income: $79,500
Estimated monthly mortgage payment: $702.22
Percentage of income to mortgage payment: 10.60%.

2. Indiana

Median home price: $141,700
Median household income: $73,300
Estimated monthly mortgage payment: $673.23
Percentage of income to mortgage payment: 11.02%

3. Ohio

Median home price: $145,700
Median household income: $75,300
Estimated monthly mortgage payment: $692.24
Percentage of income to mortgage payment: 11.03%

4. Nebraska

Median home price: $155,800
Median household income: $79,400
Estimated monthly mortgage payment: $740.22
Percentage of income to mortgage payment: 11.19%

5. Kansas

Median home price: $151,900
Median household income: $77,400
Estimated monthly mortgage payment: $721.70
Percentage of income to mortgage payment: 11.19%

6. Mississippi

Median home price: $119,000
Median household income: $60,000
Estimated monthly mortgage payment: $565.38
Percentage of income to mortgage payment: 11.31%

7. West Virginia

Median home price: $119,600
Median household income: $60,300
Estimated monthly mortgage payment: $568.23
Percentage of income to mortgage payment: 11.31%

8. Oklahoma

Median home price: $136,800
Median household income: $67,000
Estimated monthly mortgage payment: $649.95
Percentage of income to mortgage payment: 11.64%

9. Michigan

Median home price: $154,900
Median household income: $75,300
Estimated monthly mortgage payment: $735.95
Percentage of income to mortgage payment: 11.73%

10. Arkansas

Median home price: $127,800=
Median household income: $60,700
Estimated monthly mortgage payment: $607.19
Percentage of income to mortgage payment: 12%

Keep reading.

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

Search Homes in Oklahoma

Search Homes in Oregon

 
W+M_Logo (1).jpg
 
West + Main Homes, 2010 Youngfield Street, Golden, CO, 80401, United States7202996635stacie@westandmainhomes.com
 
 
Cart (0)