Oklahoma Mortgage Group - Mike David

  The Federal Reserve held interest rates steady for the fourth consecutive meeting, a move that was widely expected by financial markets. While many consumers hope for lower borrowing costs, the latest announcement signals that the Fed wants more evidence that inflation is moving lower before considering future rate cuts. For homebuyers and homeowners, understanding what this means can help you make more informed financing decisions. The Fed Remains in a Holding Pattern The Federal Open Market Committee (FOMC) left the federal funds rate unchanged, continuing its cautious approach toward inflation. Strong employment numbers and a resilient economy have reduced pressure on the Fed to cut rates quickly. While inflation has shown signs of improvement, policymakers appear committed to waiting for additional data before changing course. What This Means for Mortgage Rates One of the biggest misconceptions is that mortgage rates move directly with Federal Reserve decisions. In reality, m...

  Tulsa's Housing Growth Continues The Tulsa metro area continues to attract homebuyers, builders, and investors, and the latest housing start data shows exactly where that growth is taking shape. According to the Home Builders Association of Greater Tulsa, the region recorded 877 housing starts through April 2026. While growth is occurring throughout the metro, several communities are emerging as key destinations for new home construction and buyer demand. Where New Construction Is Concentrated Broken Arrow leads the region with 167 housing starts year-to-date, followed by: Tulsa: 117 Coweta: 99 Tulsa County: 97 Rogers County: 84 Bixby: 64 Jenks: 40 These numbers demonstrate a continued shift toward communities that offer more than housing alone. Buyers are increasingly looking for neighborhoods with convenient access to schools, shopping, recreation, and community amenities. What This Means for Homebuyers More housing starts create more opportunities for buye...

The Parade of Homes season is officially underway, and the kickoff event at the Home Builders Association was a great opportunity to reconnect with many of my favorite realtor partners, builders, and industry professionals. Events like this showcase the strong relationships that help make homeownership possible for buyers throughout our community. Why The Parade Of Homes Matters The Parade of Homes gives buyers a unique opportunity to tour a variety of new construction homes in one event. Visitors can explore different floor plans, neighborhoods, design styles, and builder offerings while gaining valuable insight into today's housing market. For many buyers, seeing homes in person helps bring their future home goals into focus. A Great Resource For Homebuyers Whether you're a first-time buyer, moving into a larger home, downsizing, or considering a custom build, the Parade of Homes offers inspiration and education. Buyers can compare features, learn about new construction...

  Tulsa Makes National Headlines Again A recent national article highlighted Tulsa as one of the few cities where buyers can still find homes priced under $100,000. While these homes are often fixer-uppers or located in specific neighborhoods, the recognition reinforces something local buyers already know: Tulsa remains one of the most affordable housing markets in America. Why Tulsa Stands Out Across much of the country, entry-level housing has become increasingly difficult to find. In Tulsa, buyers still have access to affordable housing options that simply do not exist in many major metropolitan areas. Current market data shows Tulsa home values remain significantly below the national average, helping preserve affordability for first-time buyers and investors alike. Inventory has also increased in 2026, giving buyers more choices than they have had in several years. Opportunities for Buyers Affordable housing creates several opportunities: First-Time Homebuyers Many buyers who b...

  Is the Housing Market Going to Crash? It's one of the most common questions buyers are asking in today's market. After years of rising home prices, higher mortgage rates, and affordability challenges, many consumers are wondering if a major housing correction is around the corner. According to most housing experts, the answer is no. Why This Market Is Different Than 2008 The comparison to the Great Recession is understandable, but today's housing market operates under very different conditions. Mortgage lending standards are much stricter than they were before the 2008 crash. Homeowners also hold record levels of equity, giving many families a financial cushion that simply did not exist during the housing crisis. In addition, inventory remains limited across much of the country. While the number of homes available for sale has improved, supply still falls short of long-term demand in many markets. Experts Expect Normalization, Not Collapse Most housing forecasts point tow...

The City of Jenks has once again found itself in the national spotlight after being named a finalist for the National Civic League's 2026 All-America City Award. The recognition honors communities that demonstrate exceptional civic engagement, collaboration, and innovation in addressing local challenges. For homeowners, buyers, and real estate professionals throughout the Tulsa metro, this recognition highlights many of the reasons Jenks continues to be one of the area's most desirable communities. A Community Shaping Its Own Future One of the key projects highlighted during the award process was the planning effort surrounding Jenks Ranch, more than 400 acres of undeveloped land that represents one of the city's most significant development decisions in decades. Rather than making decisions behind closed doors, city leaders invited extensive public participation through surveys, workshops, and open forums. Thousands of residents contributed feedback, with many expressing s...