KGOU

real estate

Workers at the construction site of West Village Apartments at Main Street and Fred Jones Avenue in Oklahoma City.
Brent Fuchs / Journal Record

Commercial real estate sales could slow because buyers and sellers can’t seem to agree on prices.

Oklahoma state capitol
Jacob McCleland / KGOU

Billions of dollars in Oklahoma state funds are reserved for education, revolving funds and other costs.  Called "apportionments," these allotments are beyond the reach of legislators and can't be changed.

A man paints a house on NW 15th Street in the Heritage Hills neighborhood of Oklahoma City Tuesday.
Brent Fuchs / Journal Record

 

If an Oklahoma homeowner wants to make some repairs on their own, they may be breaking the law. New bills in the state legislature would change that.

Workers construct new homes at 12th Avenue NW and Tecumseh Road in Norman.
Brent Fuchs / The Journal Record

National figures out this week from the U.S. Census Bureau and the Department of Housing and Urban Development showed sales of new single-family homes rose more than 12 percent between June and July.

The seasonally adjusted annual rate of 654,000 units is the highest since October 2007 -  right around the time the housing bubble burst. But home construction is showing in the U.S., according to the National Association of Home Builders.

The neon sign still stands outside the Sunshine Cleaners building at 1012 NW First St. in Oklahoma City.
Brent Fuchs / The Journal Record

The revitalization of downtown Oklahoma City continues to move west, and developers are always looking for ways to offset or subsidize the costs of their projects.

A “for sale” sign is displayed in front of a house at 707 NE 21st St. in Oklahoma City.
Brent Fuchs / The Journal Record

Home sales down across the metro.

Even though they fell 6 percent from February 2015 to February 2016, retailers remain optimistic. More than 1,200 deals closed this year, according to the Oklahoma City Metropolitan Association of Realtors.

The average price fell less than 1 percent, to $176,300.

foreclosure sign
BasicGov / Flickr (CC BY-SA 2.0)

New data from the online firm RealtyTrac indicates long-term problems in the energy industry are hurting home owners.

Oklahoma led the nation in the increase in foreclosure activity from January 2014 to January 2015.