Good job Team, Property Management Pros, keep up the good work.
If you are considering investment property or if you need a proven local property management team, give Karyn a call 405-605-6445
Key Realty and Property Management
www.keyrealtyokc.com
See the entire article right here.
https://www.expertise.com/…/oklahoma-ci…/property-management
https://www.expertise.com/ok/oklahoma-city/property-management
Multifamily listing Wow 6 units… this won’t last at $190K. 
Two single family dwellings plus 4 garage apartments- 6 units total. This home is a 2 bed 1 bath 1 plus 2 garage apts in the back. The home next door is a 3 bed 2 bath 1 Car garage plus 2 garage apts in the back. Combined square footage for all units is 4941. Both homes have a shared drive way. Please see rent rolls and financials provided. This home has central heat and window units for a/c. All the garage apts have window units and gas wall heaters. The second home has central heat and air.
All units are rented. Homes and apts are easy to rent. This listing is being sold as-is.
Monthly Income $7,500 per month
Call 405-605-6445 for your showing.
If you are looking at Buying Investment Property in OKC – Look to the Experts at Key Realty and Property Management.
We are a Full Service Property Management Company and we can help you find the right Investment Property or if you are thinking of Selling – we have plenty of current clients looking to add to their existing portfolio.
Oklahoma City is home to just over 600,000 people. The metropolitan area is home to over a million people. The Oklahoma City housing market is stable to strong because it is slowly growing. The Oklahoma metro area grew from 1.25 to 1.4 million between 2010 and today. Here are 10 reasons to invest in the Oklahoma City real estate market.
Oklahoma in general is landlord friendly. In general, you don’t need a rental license to be a landlord in the state. There is no payment grace period law. Interest isn’t owed on deposits. Landlords can evict a tenant in Oklahoma City for failure to pay rent, criminal activity and material breaches of the lease. If the landlord wants to evict them for a breach of lease, a ten day written notice is required in which the tenant has to solve the issue. If they don’t, they can be given 15 days to leave. The only exception is criminal activity that poses a health or safety threat to tenants and those around them – you can evict someone immediately for that. This includes illegal drug activity in a the unit. Eviction can proceed five days after failing to pay the rent.
The Oklahoma City real estate market is bolstered by steady population growth of 1% to 2% a year, both within Oklahoma City itself and the surrounding suburbs. This keeps housing prices and rental rates going with the rate of inflation if not better. However, it doesn’t create the boom or bust cycles that risks landlords losing all their equity when a hot market cools.
Oklahoma City is issuing building permits for single family housing slowly. New multi-family housing stock is slow to nonexistent. The Core to Shore redevelopment of downtown Oklahoma City will bring new commercial buildings to accompany the new convention center. However, this urban redevelopment plan does not include condo towers and apartment buildings that would lower demand for rental units in the surrounding area.
The Oklahoma City real estate market is bolstered over the long term by its excellent long term demographic trends. The median age is in the mid-thirties, several years younger than the rest of the country. A quarter of the population is under age 18, and because of the strong local economy, they don’t have to move away to find work. Expect locals to stay and raise their families here, keeping the local Oklahoma City housing market stable.
The Oklahoma City real estate market is notable for how affordable real estate is. The median value of an owner-occupied home according to the Census was $143,000 as of 2016. In 2018, the media value was $155,000. Despite this price appreciation, you can buy single family homes to rent out at a fraction of the cost of a California condo.
Kiplinger gave Oklahoma City a 3 for affordability by first time home buyers. The median household income is around $50,000. This means that there is a moderately large minority of residents who cannot afford to buy a home despite the relatively low cost of real estate.
According to Census.gov, the median gross rent between 2012 and 2016 in Oklahoma City was around $800. However, the rental rate depends on where you live and how large the place is. For example, a one bedroom apartment in downtown costs around $800 a month to rent whereas you’d pay about $600 a month in the suburbs. A three bedroom apartment in the suburb costs $1000-$1100 per month, whereas you’d pay $1300 or more per month for a three bedroom apartment. Many residents would pay this amount or a little more to rent a single family home, while the mortgage and property taxes on the property would let the landlord clear several hundred dollars a month.
We touched on the topic of not wanting to end up buying at the peak of a housing bubble before the collapse. For those who want to know their investment will retain its value, you’ll appreciate knowing that Oklahoma City is one of the least volatile housing markets in the country. The FHFA home price index only showed year over year declines in four quarters between 2011 and 2016. While these years aren’t the worst for real estate (see the 2007-2008 housing collapse), they reflect a large part of the Obama recession where housing fluctuated wildly before beginning to recover.
Oklahoma City is notable for the relatively large number of colleges and universities in the area. There are five public universities in Oklahoma City and its suburbs. There are fifteen more private universities in and around the city. If you want to invest in the Oklahoma City housing market while catering to students, this diversity is a plus because the value of the housing isn’t tied to the rise and fall of one particular university.
We think the Oklahoma City real estate market is a better choice for real estate investors than neighboring Tulsa for several reasons. Tulsa keeps showing up in lists for first time home buyers because it is more affordable than Oklahoma City. That means there are fewer potential renters who would pay well to rent a good single family home or apartment. Tulsa has twice the population density. That makes single family homes for rent more expensive and harder to find for potential landlords. The smaller average household size in Tulsa reduces the share of the population that wants to rent a larger residence, as well. Oklahoma City has a slightly lower cost of living than Tulsa, as well, attracting more residents from out of state and improving profit margins for property owners.
Source http://www.noradarealestate.com/blog/oklahoma-city-real-estate-market/
Call Tom or Karyn at Key Realty and Property Management today… 405-605-6445
Looking to Buy or Sell Investment Property? Needing a good Property Management Company? Look no further than Key Realty and Property Management 405-605-6445 or text to 405-409-7779 https://www.keyrealtyokc.com #propertymanagement #okcrentals #corporatehousing #investmentproperties Key Realty
Source Wallethub.com
Best Large Cities to Start a Business – Oklahoma City ranks #1
This makes Oklahoma City an Excellent Market to purchase your Investment Property. 
Americans are born with an entrepreneurial streak. It’s in our DNA. From the Gold Rush to the Industrial Revolution to the Internet Age, intense periods of innovation have molded our economy and sparked important societal advancements.
Today, more than 15 million people in the U.S., or about 10 percent of the labor force, work for themselves. And there is always room in the market for new ideas, products, services and multi-million-dollar success stories — if one knows where to look.
In order to help aspiring entrepreneurs — from restaurant owners to high-tech movers and shakers — maximize their chances for long-term prosperity, WalletHub compared the relative startup opportunities that exist in more than 180 U.S. cities. We did so using 19 key metrics, ranging from five-year business-survival rate to office-space affordability. Check out our findings, additional expert commentary and a detailed methodology below.
For a breakdown of smaller markets, check out WalletHub’s Best Small Cities to Start a Business ranking.
Call us today for your Real Estate Investment Property.
Key Realty and Property Management 405-605-6445
APRIL 24 – 29, 2018 | BICENTENNIAL PARK, DOWNTOWN OKC
Festival of the Arts takes place at Bicentennial Park in downtown Oklahoma City. The event stretches from Lee Ave east to City Hall, and from Colcord north to Couch Drive, with 750,000 Festival attendees! Come explore and be part of an OKC tradition! 
Festival is open from Tuesday-Saturday, 11 a.m.–9 p.m., and Sunday from 11 a.m. –6 p.m.—rain or shine!
Getting to the Festival is easy. To see a Google map, click HERE. To see a list of downtown parking options, click HERE. From I-40, take the Downtown/Shields exit. The Festival is located in Bicentennial Park, on Walker between Colcord and Couch, and on the City Hall lawn. When traveling to the festival please note that Walker will be closed between Colcord and Couch Drive.
Parking will be available in the Arts District Garage located just south of City Hall, as well as the lot located at 444 West Reno. 
A Chesapeake Energy CNG shuttle will pick up passengers at the parking lot every fifteen minutes from 10 a.m. to 10 p.m. daily during the festival. This lot is paid parking.
Paid parking is available in lots and garages located throughout downtown Oklahoma City. There is also limited street parking located around the perimeter of the event. Please visit www.parkingokc.com to see a list of available lots.
Source – Arts Council Oklahoma City
Key Realty and Property Management
405-605-6445
Oklahoma City, OK is one of the GREAT real estate investment markets right now. With sustainable growth and cash flow, it is a top pick for real estate investment and investors! Check out the Oklahoma City turnkey investment properties on our website or give us a call, but FIRST, read why this is such a great Investment Market!
If you could design the perfect cash flow market, what would you want? –
Long term sustainable returns, both cash Flow and Capital Growth (appreciation) Oklahoma City has the attributes that seasoned investors are looking for in a real estate investment.
Oklahoma city market reflects the I.D.E.A.L. investment as it can will will provide:
Your strongest most sustainable markets are those markets that have forward thinking city initiatives with plans for strategic growth. Oklahoma city has done their diligence and has captured the spirit of economic growth in this set of 3 (Oklahoma City 5 year initiative plan).
You got to love forward thinking long term visionaries and Oklahoma City has definitely done their homework. They created the 5 year initiative and all you have to do is tour the city and see the growth this proud city is experiencing.
tom@keyrealtyokc.com
karyn@keyrealtyokc.com
Special Thanks to http://cherylcorealestate.com/
Today’s rapidly skyrocketing home prices are making more than a few people nervous.
After all, it was only about a decade ago that the U.S. real estate market bubble burst, and millions of Americans lost their homes (and for many, life savings). And, as most of us recall all too well, plenty of others found themselves underwater on their mortgages, owing more than the homes were worth. But then came … the recovery. God bless the recovery! The housing market and economy have come roaring back. Some markets, in fact, are booming to historic levels.
So let us put you at ease: What goes up doesn’t have to come crashing down. As we’ve said before, record-high prices alone do not make a bubble. Still, if playing it safe is your top priority, we’ve got you covered. Our data team at realtor.com® set out to find the real estate markets that are least likely to pop if the country heads toward another recession—metros where home prices are still rising at a healthy (versus dizzying) pace.
We also only included markets where the supply of homes for sale is still large enough that buyers are unlikely to be pulled into costly bidding wars.
“These are the Goldilocks of today’s housing market,” says Javier Vivas, manager of economic research for realtor.com. “Not too hot, and not too cold, these markets present the right balance of housing and economic conditions for buying and selling activity to evolve naturally.”
Of course, no market is completely bulletproof against another financial crisis. But these cities, with their strong and diversified industries, come pretty darn close. Plus, steadily rising price appreciation means that they’re likely to be solid investments for the long haul. And slow and steady wins the race, right?
“They have rising demand, and the corresponding supply to quench it,” Vivas says. “And they’re all relatively smaller metros, often with large nearby siblings eating up any potential irrational growth, which keeps them from overheating.”
To identify the 10 metros where you can buy a home and rest easy about it, we compared the 150 largest U.S. housing markets, using nine key metrics:
Got it? So stay calm, get comfortable, and take a tour through our list of America’s most rock-steady markets.
Annual price growth: 7%
Colorado State University and a robust high-tech scene, which includes Hewlett-Packard and Intel, contribute to an enviable unemployment rate of 2.9% in this city of 160,000, the state’s fourth biggest. Fort Collins also has a third line of defense against economic downturns: the beer industry. It is home to a major Anheuser-Busch facility and 22 craft breweries—and as the Prohibitionists found, the alcohol industry is awfully tough to kill.
“Largely due to its diverse economy, the Fort Collins market has been extremely stable,” says Realtor Larry Kendall of the Group. “During the recession, our home prices didn’t fall nearly as much as the rest of the country.”
Fort Collins is also very affordable—at least by Colorado standards. The median home price is about 25% less than in Denver and 40% less than in Boulder, CO, both of which are about an hour away.
Housing highlight: The city is home to River Rock Commons, a progressive cohousing development of nearly three dozen single-family homes set up around a common house, where residents can prepare communal meals they can enjoy with one another. Togetherness rules.
Annual price growth: 10%
The University of Wisconsin infuses Madison with a young, hip, and relentlessly energetic vibe. That feeds directly into the ultra-walkable downtown lined with cafés and restaurants. But if that’s not your scene, residents can take advantage of the miles of hiking and biking trails along idyllic lake shores.
Homeowners here also have a low risk of foreclosure. Only 28 homes were shuttered in the last quarter of 2016, representing less than 2% of all home sales.
“That’s because we have a solid economy, with very few layoffs,” says realtor Alex Saloutos of First Weber Realtors. “Coming off the last recession, buyers are also much more cautious. They don’t max out their [debt-to-income] ratio.”
The University of Wisconsin is the area’s largest employer, but there are also jobs to be had with companies like health care software maker Epic Systems and insurance provider Wisconsin Physicians Service.
Housing highlight: Wisconsin state Rep. Melissa Sargent, who hails from Madison, recently proposed a law that would increase the number of “sober housing” developments in the state, intended for drug addicts and alcoholics in recovery.
Annual price growth: 10%
Top schools like Duke and the University of North Carolina at Chapel Hill supply a steady stream of talent to Durham’s thriving health care and research industries.
Research Triangle Park, aka “Smartsville, USA,” is one of the world’s largest research centers. More than 200 high-tech companies, including IBM and Cisco, operate there. Throw a rock, and you might hit a Nobel Prize-winning scientist or inventor of the next life-altering tech startup. (But don’t throw rocks, please.)
“People are starting to notice Durham,” says Courtney James, owner of Urban Durham Realty. “It’s a relatively affordable market for young people graduating from universities and creating their own startups. This is a young city, full of creative energy.”
Housing highlight: When living in traditional homes gets boring, Durham residents can move into tobacco mills converted into awesome lofts with 22-foot ceilings at the Apartments at American Tobacco.
Annual price growth: 9%
How the heck did gorgeous, universally desired Honolulu wind up on this list? Affordability clearly isn’t the Hawaiian capital’s greatest asset, but high rankings across all of our other metrics make it a surprisingly stable market. The Polynesian paradise has an extremely low foreclosure rate (2%), very few underwater homes (4%), and a jealousy-inducing unemployment rate (2.8%).
And, hey, who doesn’t love crashing waves, lush palm trees, and sun-drenched beaches? Those lures, which draw legions of tourists from all over the world, helped to insulate the city—for the most part—from the last recession.
“We have a well-balanced combination of mainland and international buyers, which cushioned us through the last mortgage meltdown,” says Khai Tran, a real estate agent with Coldwell Banker Pacific Properties.
Housing highlight: There’s a push to bring back the traditional Polynesian hale homes in Hawaii, as a way to create more affordable housing for the state’s low-income and homeless residents. The thatched homes are typically made of local trees and plants.
Annual price growth: 10%
Greenville strikes a remarkable balance between economic diversity (aka a variety of jobs) and a high quality of life. The city has no shortage of large companies with local operations, like the multinational conglomerate 3M, General Electric, and Michelin, which is drawing younger and older workers alike. Yet, it still serves up an affordable cost of living, with a revitalized downtown filled with cool restaurants and bars, art galleries, and boutiques lining the popular Falls Park, and yep, even a craft distillery.
Realtor Lindsay Saunders, of Greenville Home Girls, says the majority of her clients are younger professionals relocating to Greenville thanks to corporate job opportunities and the city’s affordability.
“They sold their homes in big cities like Charlotte and Atlanta, come here, buy a home, and live comfortably with the rest of their savings,” Saunders says.
Bucking the national trend, Greenville does not suffer from the problem of having too few homes for sale. That’s due to a building boom that’s reshaping the city.
Housing highlight: Completed in 2004, the beautiful 345-foot Liberty Bridge in Falls Park holds 1,300 people at a time, supported by a single suspension cable. The stunning downtown view is just a bonus.
The University of Michigan is a huge economic and cultural force here. Benefiting from a highly skilled workforce, Ann Arbor has thriving technology and health care communities, including Trinity Health and University of Michigan Medical Center.
Deb Odom Stern, an associate broker at Charles Reinhart Realtors, says she has never worked with any sellers who are “moving away from Ann Arbor because they lost their jobs.” The majority of her clients are out-of-towners relocating to Ann Arbor for work.
In the off-hours, there are plenty of things to do. Michigan Stadium, the country’s largest stadium, is packed with Wolverine fans during University of Michigan games. In addition to museums and performing art centers, Ann Arbor—which some people consider the city with the most educated population in the United States—has a reservoir of independent bookstores.
Housing highlight: Ann Arbor is dotted with “fairy doors,” unique and exquisitely detailed tiny entrances set into walls around town. Many of them open onto miniature rooms. Cute, huh?
Annual price growth: 9%
With colorful foliage, Colonial-style homes, and the occasional moose, Manchester conjures up a bucolic Northeastern mise en scènethat’s becoming increasingly rare. Just an hour’s drive north of Boston, Manchester is a commutable destination for home buyers fleeing the ridiculously competitive big-city market. Its median home price is only two-thirds of what they would pay in Boston.
A longtime manufacturing center, New Hampshire’s largest city has made big strides in exploring new industries. The downtown has an emerging high-tech hub, including a revitalized mill building serving as a startup incubator with a catchy name: Silicon Millyard. And Manchester’s unemployment rate of 3% is among the country’s lowest.
“A lot of millennials [have been] moving into the downtown area in the past several years,” says local real estate agent Moe Archambault, owner of Moe Marketing Realty Group. Obviously, he says, the draw is “job availability—the Silicon Valley type of employment.”
Housing highlight: Comedian Adam Sandler grew up in Manchester, and never lets his fans forget it. “Grown-Ups 2” prominently featured Manchester’s iconic diner Red Arrow—recreated on location in nearby Marblehead, MA.
Annual price growth: 11%
As the state capital of Oregon, Salem brims with state and federal employees. Surrounded by picturesque countryside, Salem is a regional hub for agribusinesses—including Kettle Foods, maker of dangerously addictive potato chips—and a booming renewable energy sector.
And home prices are only two-thirds of what they are in pricey hipster Portland, just an hour away.
Education is a big plus for Salem, too. The Salem-Keizer School District is the second-largest school district in Oregon, with 65 schools and about 41,000 students.
A solid economy helps to buoy Salem’s housing market. Just 13% of homes in Salem had price reductions in 2016, among the lowest in our study.
Housing highlight: Salem is smack-dab in the middle of Oregon’s wine country, and you can even live in a winery—Ankeny Vineyard is currently on the market at only $895,000.
Annual price growth: 7%
The capital of Oklahoma has more going on than tornadoes. The city is home to the most rabidly loyal fan base in the NBA, and more rodeo festivals than you’ll ever have time to attend. Most importantly, with such an affordable median home price, buyers can realize their dream of a spacious home with a backyard for the kids.
Oklahoma City is also A-OK when it comes to dealing with recessions. It was the big city the least affected by economic downturns between 1990 and 2015. according to a study in the Journal of Urban Economics.
The recent oil slump did have some impact here. But so far, home prices have been holding up. Prices went up 7% last year, down from 11% in the previous year, but much more than in other oil-dependent cities, such as Midland, TX (-7%), and Bismarck, ND (-7%).
That’s partly due to a diverse economy of oil and gas, state government, and the Tinker Air Force Base, which help to safeguard it against economic volatility.
Housing highlight: Oklahoma City’s most expensive home on the market comes with a private pond and an awesome grotto. A steal at $4.75 million.
Annual price growth: 5%
Dubbed “Military City, USA,” San Antonio is home to four major military bases, which supply more than 80,000 jobs. The city is blessed with strong bioscience and health care industries, which employ 1 out of every 6 San Antonians.
The city also has attractions like the bustling River Walk, the tourist fave Alamo, and lots of picturesque Greek Revival historic homes downtown.The city’s old-world charm attracts not just tourists, but residents who bond over tacos.
To meet the housing demand, new condos have been popping up all over the metro.The good news: San Antonio still has room to grow! At a whopping 461 square miles, it ranks as the ninth-largest city by area in the contiguous United States.
Housing highlight: King William Historic District, a historical neighborhood with beautiful Victorian-style homes, dates to the 1790s and is San Antonio’s first suburb.
Yuqing Pan, a Stanford graduate with a multimedia journalism background, writes data-driven stories for realtor.com.
Follow @YuqingPan
Call Karyn with Key Realty and Property Management to start or add to your OKC Investment Properties Portfolio.
That’s right folks, this Fall we are giving all Home Sellers a break on Commissions. Save A Bunch…
Traditionally, Real Estate Companies charge Commissions and Fees to Sellers equal to 6% or higher for Listing and Selling their Clients Homes “For Sale” on the MLS. Well, take advantage of our “Fall Special” and get the same exposure you would expect from a Real Estate Company here in OKC – but for a Lot Less.
Your Home will be seen by all Real Estate Companies and their Agents and all people searching on sites like Trulia, Realtor.com and of Course the OKC MLS and all other Partners Sites.
Call, text or email Tom at KeyRealtyOKC.com for more details and get started on the Amazing Journey – sell your home and let Tom help you look for your next Dream Home Text to 405-409-7608 or tom@keyrealtyokc.com
Here are a few tips for Sellers…Special Thanks to HGTVhttp://www.hgtv.com/design/decorating/design-101/10-best-kept-secrets-for-selling-your-home
Selling Secret #10: Pricing it right
Find out what your home is worth, then shave 15 to 20 percent off the price. You’ll be stampeded by buyers with 
multiple bids — even in the worst markets — and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to risk it, but it’s the single best strategy to sell a home in today’s market.
Selling Secret #9: Half-empty closets
Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy.
Selling Secret #8: Light it up
Maximize the light in your home. After location, good light is the one thing that every buyer cites that they want in a home. Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs and cut the bushes outside to let in sunshine. Do what you have to do make your house bright and cheery – it will make it more sellable.
Selling Secret #7: Play the agent field
A secret sale killer is hiring the wrong broker. Make sure you have a broker who is totally informed. They must constantly monitor the multiple listing service (MLS), know what properties are going on the market and know the comps in your neighborhood. Find a broker who embraces technology – a tech-savvy one has many tools to get your house sold.
Selling Secret #6: Conceal the critters
You might think a cuddly dog would warm the hearts of potential buyers, but you’d be wrong. Not everybody is a dog- or cat-lover. Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes. It will give buyers the impression that your house is not clean. If you’re planning an open house, send the critters to a pet hotel for the day.
Selling Secret #5: Don’t over-upgrade
Quick fixes before selling always pay off. Mammoth makeovers, not so much. You probably won’t get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar. Get a new fresh coat of paint on the walls. Clean the curtains or go buy some inexpensive new ones. Replace door handles, cabinet hardware, make sure closet doors are on track, fix leaky faucets and clean the grout.
Selling Secret #4: Take the home out of your house
One of the most important things to do when selling your house is to de-personalize it. The more personal stuff in your house, the less potential buyers can imagine themselves living there. Get rid of a third of your stuff – put it in storage. This includes family photos, memorabilia collections and personal keepsakes. Consider hiring a home stager to maximize the full potential of your home. Staging simply means arranging your furniture to best showcase the floor plan and maximize the use of space.
Selling Secret #3: The kitchen comes first
You’re not actually selling your house, you’re selling your kitchen – that’s how important it is. The benefits of remodeling your kitchen are endless, and the best part of it is that you’ll probably get 85% of your money back. It may be a few thousand dollars to replace countertops where a buyer may knock $10,000 off the asking price if your kitchen looks dated. The fastest, most inexpensive kitchen updates include painting and new cabinet hardware. Use a neutral-color paint so you can present buyers with a blank canvas where they can start envisioning their own style. If you have a little money to spend, buy one fancy stainless steel appliance. Why one? Because when people see one high-end appliance they think all the rest are expensive too and it updates the kitchen.
Selling Secret #2: Always be ready to show
Your house needs to be “show-ready” at all times – you never know when your buyer is going to walk through the door. You have to be available whenever they want to come see the place and it has to be in tip-top shape. Don’t leave dishes in the sink, keep the dishwasher cleaned out, the bathrooms sparkling and make sure there are no dust bunnies in the corners. It’s a little inconvenient, but it will get your house sold.
Selling Secret #1: The first impression is the only impression
No matter how good the interior of your home looks, buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Spruce up your home’s exterior with inexpensive shrubs and brightly colored flowers. You can typically get a 100-percent return on the money you put into your home’s curb appeal. Entryways are also important. You use it as a utility space for your coat and keys. But, when you’re selling, make it welcoming by putting in a small bench, a vase of fresh-cut flowers or even some cookies.
Call or Text to 405-409-7608
0r email to tom@keyrealtyokc.com
When looking for a place to live and to invest, people are generally looking for three things: affordability, a strong economy, and good quality of life. Most US cities can only claim excellence in one of these areas. A dozen cities specialize in two. But if you truly want it all, you only have three choices.
And they’re all in the Midwest.
That’s the finding of Josh Lehner at the Oregon Office of Economic Analysis, who explored what’s being called the “housing trilemma”—the idea that due to the housing crisis, Americans have to make big tradeoffs in deciding where to live. Lehner looked at the 100 largest metropolitan areas in the country, comparing them for quality of life, affordability and economic strength across several metrics using Census data and several other indicators.
According to his data (which you can see here), if you want a city that excels in all three, you have just three choices:
In fact, only 15 cities got high marks in two categories, most of them focused in quality of life. But if it’s most important for you to live in a place with good quality of life and economic strength, you’ll pay more to live there. In fact, this is usually what eventually drives those cities off this Venn diagram, as Lehner explains. Cities that become too desirable become too expensive:
The reason these trade-offs exist is mostly, but not entirely, due to market forces. People want to live in cities with a strong economy and high quality of life. Increased demand for housing leads to higher prices and lower affordability. Nice places to live get their housing costs bid up due to strong demand. The opposite is true as well. Regions with under performing economies and a lower quality of life do have better affordability.
San Francisco, of course, is the quintessential example of a city that has a huge affordability problem that’s keeping people out, even as it remains a great place to live with job growth that’s exploding.
But look at another place that is slowly edging off this chart: Portland, Oregon, which has been celebrated for its quality of life and strong job growth, but in the last few years the city has become way less affordable. Portland is also a unique case in that it has very, very low vacancy rate, which makes it harder for renters to find affordable places to live.
The solution to move more US cities into that sweet spot with Des Moines, Omaha, and OKC is the same one you’ve been hearing throughout the housing crisis: Build more housing.
For more information on Investment Property in Oklahoma City, contact Karyn Seabrooke at
Key Realty an Property Management 405-605-6445
All this in Yukon for just $575,000
This Amazing home was remodeled from floor to ceiling in 2015 with an open concept. Wow new HVAC System 2015, New heat pump & water softener 2015. Well water & septic tank, new lighting through out, Wood like Porcelain tile floors throughout, wood burning fire place to cozy up to, raised ceiling in formal great room, built ins, double pane windows. Open kitchen with plenty of counter space and storage, stainless steel appliances, dishwasher, refrigerator, builtin in convection oven, built in microwave, granite counter tops. Knotty Alder woodwork on ceilings, trim and doors. Want to step outdoors do so through the front and back patios. Have cattle or horses? We have an amazing 50’x 60′ Morton Barn, steel storage container, 6 horse hydraulic horse walker, Horse training area, 150′ x 250′ roping area, beautiful pasture and pond, red clay, no way we have sandy soil, the entire property is fenced and North Canadian River is north boundary…A dream home waiting for you. Call us today!!
Karyn Seabrooke
Key Realty and Property Management
405-605-6445
Key Realty and Property Management is a full service real estate company specializing in residential, commercial, investment real estate and offers professional property management. Karyn has been involved in property ownership, management, and real estate development in Oklahoma City since 1994. Meet Karyn Seabrooke