Market

⇑ Housing stock 20 years or older: 78.4 percent

• Housing stock 20 years or older in 2000: 68.7 percent
• U.S.: 73.5 percent

⇓ Population in home less than 20 years: 83.3 percent

• Population in home less than 20 years in 2000: 84 percent
• U.S.: 79.5 percent

⇓ Median home price: $133,500

• Price in August 2008: $135,000
• Price in August 2004: $109,900
• U.S.: $177,700

⇑ Median monthly housing costs: $1,174

• Monthly costs in 2000: $856
• U.S.: $1,514

⇓ Housing costs as a percentage of income (MSA): 19 percent

• Housing-costs/income in August 2008: 25 percent
• U.S.: 43.4 percent

⇓ Foreclosure volume (Oklahoma): 1,302

• Volume in August 2008: 1,370
• U.S. rank (state): 38th

⇓ Total home sales: 1,465

• Sales in August 2008: 1,659
• Sales in August 2004: 1.836

⇓ Housing starts (July): 416

• Housing starts in July 2008: 418

⇓ Single-family-residential building permits (YTD): 1,524

• Permits in August 2008, YTD: 1,846
• Permits in August 2007, YTD: 2,246

⇓ Average days on market: 77

• Days in August 2008: 81
• Days in August 2004: 65

⇑ Federal Housing Administration (FHA) purchase loans (year to date, July): 1,923

• FHA loans YTD in July 2008: 1,629

Industry

Licensing: Since this past August, all mortgage brokers and loan originators must be licensed through the National Mortgage Licensing System. Info: stateregulatoryregistry.org/NMLS

Licensed originators:

• Oklahoma City: 75
• Oklahoma: 321

State association: Oklahoma Association of Mortgage Professionals

Online: okamp.com

Résumé

• Demographics: 72 percent white, 15 percent black, 4 percent Asian, 3 percent American Indian and Alaska Native, 6 percent other; 15 percent identify as Hispanic or Latino
• Top area private employers: OGE Energy Corp., AT&T, Chesapeake Energy Corp., Mercy Health Center, Devon Energy Corp.
• 2nd-largest U.S. city geographically
• 4th-least-stressful U.S. city (bizjournals.com)
• 7th-cleanest U.S. city (Forbes)
• 10th-best U.S. place to live (Relocate-America)

* MortgageDataWeb.com

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