Just Listed: Copper Creek Gem with Beautiful Natural Light

 
 
 

This gem in Copper Creek boasts high ceilings and lots of natural light.

As you enter, your guests will be greeted by a large living room with a beautiful brick fireplace. The open concept kitchen features new granite and back splash. The primary bedroom has a large closet, while the bathroom has dual sinks, with both shower and bath. This home has new flooring in the living room and new carpet in the bedrooms. The backyard has a large covered patio and mature trees in the backyard make for a great place to relax and unwind.

Listed by Gracie Storey for West + Main Homes. Please contact Gracie for current pricing + availability.

 
 
 

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

Presented by:
Gracie Storey
(405) 585-1339
gracie@westandmainok.com


 

This Weekend: Oklahoma City Metro Area Open Houses for December 16th-18th

 
 

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.

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Just Listed: Both Sides of Spacious Duplex in Oklahoma City

 
 
 

Turnkey investment property!

This duplex is located in North OKC with quick access to plenty of shopping, restaurants and entertainment as well as close proximity to the turnpike and NW Expressway which makes commuting anywhere easy. Both units include 3 bedrooms, 2 full bathrooms, and 2 half bathrooms - primary bedrooms include large en-suites and large closets throughout. The kitchens are open to the dining rooms and both kitchens include brand new range stoves. Each unit offers a large living room with a gorgeous brick fireplace and built in shelving. This property offers a well thought layout and size for all with both units offering just over 1600 sqft. A phenomenal investment or primary residence opportunity!

Listed by Jaycee Jackson for West + Main Homes. Please contact Jaycee for current pricing + availability.

 
 
 

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

Presented by:
Jaycee Jackson
(405) 443-7967
jaycee@westandmainok.com


 

Inflation slows to 7.1% in November, a boost for the housing market

 
 

Core CPI, excluding volatile food and energy prices, rose 6% on an annual basis

Inflation slowed more rapidly than expected in November, increasing the likelihood of the Federal Reserve slowing down the pace of interest rate hikes. It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months.

The Consumer Price Index rose 0.1% in November from October and 7.1% year over year, according to the Bureau of Labor Statistics. The CPI rose by 7.7% from 12 months ago in October and economists expected price growth in November to post 0.3% month over month and 7.3% on an annual basis. 

While food prices jumped 12% and energy costs rose 13.1% from the same period last year, central bankers don’t typically watch those numbers closely as they are volatile and don’t reflect the underlying strength of the economy.

Excluding food and energy prices, the so-called core CPI rose 0.2% from the previous month and 6% year-over-year.

Used cars and truck price growth were down 3.3% from a year ago, suggesting that supply-chain issues may be easing. Services inflation, which tends to move in correlation with rising wages, still remains strong, partly due to rapid increases in rent, which rose 7.9% year-over-year.

“The shelter component of CPI continues to be a key driver of overall inflation as lower home prices and moderating rent growth is not yet being fully reflected in the data and most likely won’t become a tailwind until early in 2023,” Al Otero, portfolio manager at Armada ETF Advisors

While it’s too early to call for a Fed “pivot” with annual inflation still at a very high 7.1%, markets are forward-looking and will begin to price in an ebbing of the rate cycle before it actually occurs, Otero added. 

The central bank raised interest rates at the fastest pace in decades in 2022, moving them to an expected range of 4.25% to 4.5% from near-zero earlier this year. While the Fed hiked interest rates by 75 basis points for four consecutive times, the central bank – which will announce its next action on Wednesday – could slow down the pace of the interest rate hike given that the CPI came in lower than anticipated. 

The Fed should pause its rate hikes but they will raise them by 50 bps in December, Logan Mohtashami, lead analyst at HousingWire said.

“The Federal Reserve has made sure to let the market know how many rate hikes are left and the speed,” Mohtashami said. “With today’s CPI data, that will seal the deal of 0.50% rate hike as the Fed has told the markets that the pace of rate hikes will slow.”

Overall inflation has been declining on a year-over-year basis after hitting a peak of 9.1% in June, suggesting that price growth has been slowing since the Fed’s fight to tame inflation – and beat back the housing market – in March. 

Defying aggressive action from the Fed is the strong labor market. Employers added 263,000 jobs in November with the unemployment rate holding steady at 3.7%, according to the BLS.

Mortgage rates have been on a declining trend after hitting its recent peak about a month ago at 7.16%. On Monday, the 30-year fixed mortgage rate was 6.44% on Monday, according to the HousingWire Mortgage Rates Center.

“The spread between mortgage rates and the 10-year Treasury yield narrowed by 13 basis points during the month to 283 basis points in a sign that investors and lenders may be seeking to accelerate the impact of falling rates,” Scott Happ, president of Optimal Blue, a division of Black Knight, said. 

However, lower rates haven’t been enough to spur the housing market, which also suffers from the contradiction of falling demand and low inventory, as well as falling prices that haven’t fallen enough to get buyers out of bed

Rate lock dollar volume declined 21.5% in November from the previous month, the lowest level since February 2019, Black Knight’s data showed. Overall lock volumes are now down 39% over the past three months and down by 68% compared to last year’s level.

“Stalled inventory and rates nearly twice what they were a year ago are combining to negate the benefits of recent home price and rate declines from an affordability perspective,” Happ added.

Keep reading on Housing Wire.

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These Are the 7 Things Designers Say Clutter a Small Space Living Room the Most

 
 

Today’s living rooms serve quite a lot of purposes. They may function as lounge spaces, makeshift dining areas, and even home offices.

While the days of the super-formal living rooms may be in the past, it’s still important to treat this essential space within your home with some care — and that means cutting any unnecessary clutter — that is, at least, if you ask interior designers. Wondering exactly what should go? Here, nine pros weighed in on the living room items that they just don’t think are necessary and you can feel confident ditching in 2023. Hello, more streamlined space!

Part with that bulky recliner

Sure, your living room should include plenty of seating to accommodate family members and guests, but pieces that are just plain bulky can go. “Recliners take up much more space than they offer for seating,” notes designer Charmaine Wynter. “By that I mean recliners typically only seat one person; however, a recliner requires square footage for clearance behind and in front of the actual chair. They [also] often have high backs — blocking the view to anything in its path line.” In smaller spaces, it’s often best to consider pieces that deliver a little more seating for the square footage they take up, such as small swivel accent chairs, convertible chairs, or even a fabric ottoman or wire metal chair like what you see above.

Corral those cords

If your living room is full of lamps and electronics, cord clutter could be wreaking havoc on the look and feel of your space. “The cords are just messy and can be hidden by either coming up with a good A/V or electrical plan and or by installing some floor outlets,” shares designer Elana Mendelson of Elana Designs. Designer Beth Martin, who runs an eponymous interiors firm, agrees.”Chargers, cords, extra remotes, and outdated technology often find their way into living rooms, but ditch these immediately,” says Martin. “Cables add to the visual mess of your space, and chances are you don’t need that third remote.”

Part with furniture you’re not using

If your living room features a piece that you don’t use — or just don’t love — it may be time to say goodbye for good. “Most people don’t realize it, but our eyes crave the appropriate amounts of negative space,” says designer Arianne Bellizaire. “This means that rooms jam packed with furniture might feel overwhelming.” The good news? Donating or selling a few chairs or a side table can make all the difference. For best results, “assess your room layout to try to identify pieces of furniture that get little-to-no use,” Bellizaire suggests. “Remove them, and reposition the remaining pieces so that they have some breathing room. You’ll be surprised and how fresh and orderly your space starts to feel!”

Stop displaying excess picture frames

Designer Amal Kapen is a proponent of cutting back on — and streamlining — one’s collection of picture frames. “Coordinated accessories go a long way to cut the clutter and create a harmonious space,” she says. “Consider pairing down your photo on display and rotating images.” Majorly mismatched frames can be visually distracting, Kapen adds. While frames don’t have to be matchy-matchy, Kapen suggests going for a complementary, understated look. “Mix together woods, and for modern spaces, consider frameless lucite frames,” she suggests.

Invest in some closed storage

Open shelving isn’t always the best solution, says designer Julia Newman of Julia Adele Design. “Everyone has mess, you just need to find ways to hide it,” she notes. “While I love a bookcase styling moment, there are many things we need access to that might not be so aesthetically pleasing.” This is where organizational tools like closed cabinetry, baskets, and decorative storage come into play, Newman adds. In other words: Ditch the clutter that’s on full display!

Cut down on your throw pillow collection

The more throw pillows, the merrier? According to some designers, maybe not! “If someone has throw pillows lining the entire length of the sofa, they’ve overdone it,” explains designer Brandi Wilkins of Three Luxe Nine Interiors. Wilkins says placing two to four pillows on a sofa is more than enough in most cases. “Also, not every piece of furniture in your living room needs a throw pillow,” she adds. “If you have pillows on your sofa, perhaps your accent chairs can go without.” Paring down on pillows can make a room seem less visually cluttered. Designer Whitney Jones of Whitney J Decor expresses similar sentiments. “I love beautiful pillows, but I don’t think every chair and sofa needs to have a bunch of them on top,” she says. Too many blankets can have a similar effect on a space. “Display one nice comfy throw, and tuck the others away inside an ottoman, cabinet, or decorative basket to be used as needed,” Jones advises.

Skimp on end tables

Do you really need two end tables in your living room? Most likely, no, says designer Maryline Damour of Damour Drake. “Arranging tables on either side of a sofa is something we do almost without thinking,” she explains. “However, sometimes a lovely, sculptural floor lamp may be a more interesting choice.” This can be particularly true if your space is on the smaller side.

Get more like this on Apartment Therapy.

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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.

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