Mary Jekel - Metro Connect Real Estate

04/26/2025

https://order.nestedtours.com/sites/3920-creek-bank-dr-edmond-ok-73003-15501941/branded

07/06/2024

07/01/2024

Coming Soon! This beautiful home has so many amazing details you have to see to believe! Open House Sat and Sunday July 6th and 7th 2-4 pm.

03/01/2024

https://www.realtor.com/realestateandhomes-detail/18655-E-Wilshire-Blvd_Jones_OK_73049_M71601-93422?cid=txt_shares_rdc_ldp

05/16/2023

The Fed has hiked overnight bank-to-bank lending rates to 5.25% using 10 straight hikes totaling 5% in 2022-23 as follows:

+0.25% May 3, 2023
+0.25% March 22, 2023
+0.25% February 1, 2023
+0.5% December 14, 2022
+0.75% November 1, 2022
+0.75% September 21, 2022
+0.75% July 27, 2022
+0.75% June 15, 2022
+0.5% May 1, 2022
+0.25% March 15, 2022

Here’s how inflation, jobs, and mortgage rates have behaved during this time:

-Headline CPI peaked 9% in June 2022, latest 4.9% as of March 2023

-Core PCE peaked 5.2% in March 2022, latest 4.6% in March 2023

-30yr mortgage rates peaked October 10, 2022 at 7.375%, are 6.5% May 3, 2023

-Unemployment 3.5% in March 2023, near 50-year low

I’d say things are looking up what about you?

05/16/2023

How about some data (vs. drama like the media is doing):

67% of homes in the U.S. are owned free and clear OR have at least 50% equity making them easy to sell vs. foreclose upon as they have more skin in the game unlike 2008.

63% of mortgages homes have an interest rate of less than 4% and 80% with leas than a 5% interest rate.

1.7% months worth of inventory which is the exact opposite situation that we had in 2008 where we had record high levels of inventory.

If you are waiting for the market to crash… then know that all data points are showing us that is highly unlikely.

Who do you know that could benefit from seeing this post? Will you share it with them?

05/16/2023

05/16/2023

is outpacing their parents in the Home Ownership race! 🏡

In 2022, 30% of 25-year-olds were proud homeowners, beating the 27% rate of at the same age.

However, those who didn't seize the opportunity of low mortgage rates during the pandemic may fall behind.

, on the other hand, lag behind their parents' homeownership rate. Just 62% of 40-year-olds owned homes in 2022, trailing the 69% rate of .

But don't count them out - this age group (25-44) represents a whopping 60% of the recent home buyers!

These are certainly leading the pack.

Geographically, are flocking to affordable areas like Virginia Beach, snapping up 9% of homes sold in 2022.

Meanwhile, dominate in job-rich cities like Seattle, buying over 40% of homes sold last year.

This home buying spree was fuelled by the record-low mortgage rates in 2020 and 2021, giving Gen Z a slight advantage in the homeownership trajectory.
Those who missed this golden chance may find it hard to pe*****te the market now with rising housing costs and a potentially slowing economy. 📈

Interestingly, at 25, 30% of Gen Z owned homes in 2022. This was slightly higher than Millennials (28%) and Gen X (27%) at the same age, but marginally lower than Baby Boomers (32%).

Keep an eye on these trends and let's see how the homeownership landscape evolves! 🌍

05/16/2023

Let me show you this stunning Property!

06/30/2022

Happy Fourth of July! Would love the opportunity to help you with your real estate needs!!