Welcome to today’s Real Estate news roundup! In the Oklahoma City Metro area, the housing market is experiencing a boost just in time for summer. With consistent interest rates and a decrease in the average days on the market, the housing market is thriving across the OKC metro. Additionally, House Rep. Mickey Dollens has proposed an interim study to explore 3D printing technology for constructing affordable homes in Oklahoma, aiming to address the state’s housing crisis. Meanwhile, renters affected by the recent storms in April and May may qualify for FEMA grants to assist with repairs and other disaster-related needs. Lastly, the Oklahoma Department of Human Services has unveiled a 10-year plan, “Aging Our Way Oklahoma,” to improve care for older adults and strengthen the infrastructure for the aging population. Join us as we delve into these stories and discover more about the evolving real estate landscape in Oklahoma.
Oklahoma City Metro Sees Boost In Summer Housing Market
The Oklahoma City Metropolitan Association of Realtors says the housing market is heating up just in time for summer. Consistent interest rates and a decrease in the average days on the market are two factors helping drive the housing market across the OKC metro.
An Oklahoma City real estate broker, Lauren Toppins, says a spike in buyers is bringing down the average days on the market, but they still have plenty of time to make their decision. She said that doesn’t mean sellers have to reduce their prices, which means everybody wins.
“It’s great for both parties. It allows for the seller to be what they call the seller’s market, but at the same time, it shows that buyers are making decisions and not being stalemated on opportunities,” Toppins said.
According to Toppins, homes in some metro zip codes stay on the market an average of 41 days, a 25% decrease from previous months.
Exploring 3D printing for affordable homes to address Oklahoma’s housing crisis
House Rep. Mickey Dollens, D-Oklahoma City, has proposed an interim study to examine 3D printing technology to construct affordable houses in Oklahoma. This study has been brought forward to study sustainable and customizable homes to help solve the housing crisis.
“Oklahoma is facing an affordable housing crisis, exacerbated by rising construction costs, supply-chain disruptions, labor shortages, and a demand that exceeds the available supply,” said Dollens.
The 3D printing study would focus on technology and implementation, benefits and sustainability, regulatory barriers and building codes, tax incentives and financial models, and economic impact.
“I urge the Speaker of the House to approve this interim study and support efforts to improve the housing market for the betterment of all Oklahomans,” said Dollens.
Renters affected by Oklahoma storms may qualify for FEMA grants for repairs and more
If you are a renter whose home or personal property was damaged in the April and May storms, you may be eligible for FEMA assistance. FEMA’s Individual Assistance grants are available for eligible renters, including students, as well as homeowners.
According to FEMA, these grants can help pay for temporary housing, home repairs, and other disaster-related needs.
Click here to apply for FEMA assistance or call the helpline at 800-621-3362.
Oklahoma’s ‘aging plan’ to address needed care for older adults • Oklahoma Voice
Adults over the age of 60 are expected to outnumber children for the first time in Oklahoma by 2034, according to the Oklahoma Department of Human Services. The agency unveiled a 10-year plan on Tuesday to improve care for older adults and to strengthen the infrastructure for the aging population.
Deborah Shropshire, executive director of the Oklahoma Department of Human Services, said that with the growing population of older adults, the state lacks the infrastructure to support the care needed for them like it does for children.
The plan, “Aging Our Way Oklahoma,” provides 13 goals with pathways to achieve them. Included in the targeted goals are affordable housing, transportation, social connection, and the workforce.
To achieve progress in this plan, public agencies and the private sector will need to work together to help older Oklahomans. Partners for this plan include AARP, the Alzheimer’s Association, the Oklahoma Department of Transportation, the Oklahoma State Department of Health, among many others.
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