How National Housing Market Trends Impact Edmond, Oklahoma in 2025
A recent article from Resiclub Analytics highlights key shifts in the national housing market, specifically focusing on rising inventory levels and its implications for buyers and sellers. As active listings surge across the U.S., many regions are experiencing a market shift, with more homes becoming available. But how will these national trends affect the real estate market in Edmond, Oklahoma? Let’s dive into the key takeaways from the article and apply them to our local market.
Key Insights & Local Spin
The Resiclub article discusses the increase in national housing inventory, which rose by 27.6% from February 2024 to February 2025. This increase signals a transition from a seller’s market to a more balanced or even buyer-friendly environment in many areas. However, the article also points out that while national inventory is rising, many markets are still seeing inventory levels below pre-pandemic figures, particularly in the Midwest and Northeast. This pattern of rising supply coupled with concerns about affordability is shaping the broader housing landscape.
So, what does this mean for Edmond?
Increased Inventory in Edmond: With national inventory levels rising, Edmond might also see an uptick in the number of homes on the market. Buyers in Edmond could have more choices, especially as interest rates continue to make buyers more cautious. If inventory increases locally, we may see a cooling in the fast-paced market that has characterized Edmond in recent years.
Price Adjustments: In the national market, some areas have seen a softening of home prices due to increased inventory and reduced buyer demand. Edmond, which has experienced a strong seller’s market, might begin to see more price stabilization or even a slight decrease as supply catches up to demand. If inventory continues to rise in Edmond, expect more negotiation power for buyers, leading to more balanced pricing.
Shifting Seller Dynamics: Sellers in Edmond may find it more challenging to maintain the premium prices they enjoyed in recent years. As more homes come onto the market, sellers will have to compete with each other to attract buyers. Homeowners may need to adjust expectations, offering more competitive pricing or considering upgrades to make their listings stand out.
Conclusion
In summary, the national trend of rising housing inventory is likely to influence Edmond's market in significant ways. With more homes becoming available, buyers in Edmond may gain more options, while sellers may need to be more strategic in their pricing and marketing. If these trends continue, Edmond’s housing market could shift towards more balanced conditions, offering opportunities for buyers while still allowing for growth in the local real estate sector.
If these trends continue, how will Edmond’s housing market shift in 2025? Will local buyers benefit from a more competitive, buyer-friendly market? Keep an eye on Edmond’s housing updates to understand how these changes unfold.
For more insights into Edmond’s real estate landscape, check out our market updates and investment property guides.
And if you're looking to navigate Edmond's evolving market, the Justiz League Real Estate team is here to help you make informed decisions, whether you're buying, selling, or investing. Contact us today for expert guidance tailored to your needs!
3 Simple Tips to Minimize Stress When Buying a Home
Buying a home is a huge milestone in anyone's life, but let’s face it – it can also be incredibly stressful. The paperwork, the negotiations, the endless search for the perfect property – it’s easy to feel overwhelmed. However, with a little preparation and the right mindset, you can reduce the stress and make the process smoother. Here are three simple tips to help you minimize stress when buying your home.
1. Get Pre-Approved for a Mortgage
Before you even begin house hunting, it's crucial to get pre-approved for a mortgage. This gives you a clear idea of how much you can afford and shows sellers that you’re a serious buyer. It also prevents you from falling in love with a house that might be out of your price range, saving you both time and disappointment. With a pre-approval in hand, you'll know your budget and be able to make more informed decisions when choosing your future home.
2. Work with a Knowledgeable Real Estate Agent
Having a professional on your side can make a world of difference. A skilled real estate agent can guide you through the entire process, from finding the right homes to negotiating the best deal. They will help you navigate the paperwork, handle inspections, and ensure that you’re making sound decisions. Don’t underestimate the value of their expertise – it’s one of the best ways to reduce the stress that comes with buying a home.
3. Take Your Time to Research Neighborhoods
It’s easy to get caught up in the excitement of house hunting, but don't rush the process. Take time to research different neighborhoods to ensure you're choosing the right one for your lifestyle. Consider factors like commute times, schools, local amenities, and safety. The more informed you are about the area, the less likely you’ll have regrets down the road.
Bonus Tip: Stay Organized and Keep Track of Everything
Keep all of your documents, schedules, and communications organized. Use a checklist to track important dates, such as inspection deadlines and closing dates. Staying organized helps keep things moving smoothly and ensures that nothing slips through the cracks.
Final Thought: The Justiz League Real Estate Team Is Here to Help
Buying a home doesn’t have to be stressful. With the right resources and support, you can enjoy the journey to homeownership. If you're looking for an expert team to guide you through the process, the Justiz League Real Estate Team is here for you. We specialize in helping buyers find their dream homes, ensuring a seamless and stress-free experience every step of the way. Reach out to us today to get started on your home-buying journey!
Everything You Need to Know About the Caring for Caregivers Tax Credit in Oklahoma
In 2023, Oklahoma became the first state in the nation to introduce the Caring for Caregivers Tax Credit, and for many families, this could mean significant relief come tax season. If you're wondering how you can benefit from this new initiative, you’ve come to the right place. Let's dive into the details of this tax credit and explore how it could put money back in your pocket.
What is the Caring for Caregivers Tax Credit?
Oklahoma’s Caring for Caregivers Tax Credit is a state-level initiative designed to provide financial relief for individuals who care for loved ones, whether it’s a parent, spouse, or other family member, who has significant health challenges. Introduced in 2023, this tax credit acknowledges the often-overlooked efforts of family caregivers and helps reduce the financial strain they may face.
This year, for the first time, Oklahomans who care for a family member may be eligible for a tax break of up to $3,000 on their 2024 state taxes. This benefit is aimed at helping with the costs of caregiving, such as medical expenses, travel for doctor visits, and other care-related expenses. However, eligibility is based on a few factors that you need to understand before filing your taxes.
Who Is Eligible for the Caring for Caregivers Tax Credit?
If you’re a caregiver in Edmond or anywhere in Oklahoma, you may be wondering: Am I eligible for this tax credit? The good news is that many Oklahomans qualify, but there are specific income limits to keep in mind.
To qualify for the Caring for Caregivers Tax Credit, you must meet the following criteria:
Income Limits
Single income: If your annual income is $50,000 or less, you may be eligible for the tax credit.
Combined income: If you file jointly with a spouse, your combined income must be $100,000 or less for you to qualify for the credit.
It’s important to note that this tax credit is designed to help families with lower to middle-income brackets, recognizing that caregiving can be financially demanding. If you meet the income thresholds, you could receive up to $3,000 to help cover some of your caregiving expenses.
Caregiver Role
To qualify, you must be the primary caregiver for a loved one who requires daily assistance due to a health condition, such as a chronic illness, disability, or aging-related issue. Whether you're caring for a parent, spouse, or other close family member, this credit applies to those providing consistent, non-professional care.
Application Process
To apply for this tax credit, you'll need to file your state taxes as usual, ensuring that you include details about the caregiving situation. The Oklahoma Tax Commission will review your eligibility based on the information you provide, including your income level and caregiving responsibilities.
How the Caring for Caregivers Tax Credit Can Impact Your Finances
As any family caregiver can tell you, the costs of caring for a loved one can add up quickly. Whether you’re paying for medical supplies, modifying your home for accessibility, or covering the costs of frequent doctor’s visits, it’s easy for expenses to pile up. The Caring for Caregivers Tax Credit can help alleviate some of this financial strain by providing a much-needed break come tax season.
Up to $3,000 in Relief
For eligible individuals, the Caring for Caregivers Tax Credit can provide up to $3,000 in tax savings, depending on your income level and caregiving responsibilities. That’s money that could be used for medical expenses, respite care, or simply covering everyday caregiving needs. This credit is designed to acknowledge the hard work that caregivers do and provide some financial relief in recognition of that effort.
State and National Significance
Oklahoma’s introduction of the Caring for Caregivers Tax Credit is significant not just for residents of Edmond or Oklahoma, but for the entire country. According to AARP, Oklahoma’s innovative approach is being closely watched by other states, with many considering similar initiatives. There’s even ongoing work to get a federal tax credit for caregivers passed, which would benefit millions across the United States.
In essence, Oklahoma is leading the way in recognizing the value of family caregivers, and your participation in this program could contribute to the national conversation about caregiver support.
Conclusion: A Step in the Right Direction
The Caring for Caregivers Tax Credit is a welcome change for many families in Edmond and across Oklahoma. It recognizes the invaluable role that caregivers play and provides a much-needed tax break to help with the costs associated with caregiving. As more states and potentially even the federal government begin to take notice of Oklahoma’s success, we could see even more support for family caregivers in the future.
For now, if you're a caregiver in Edmond, make sure you take full advantage of this tax credit when filing your 2024 taxes. It's one small way the state is helping lighten the load for families who provide critical care to loved ones.
Could this tax credit be a game-changer for caregivers across the country? Will other states follow Oklahoma’s lead in providing relief for family caregivers? The answer to this could shape how caregiving is supported in the future.
OKC and Edmond Real Estate Forecast for 2025: What Homebuyers and Sellers Need to Know
As we step into 2025, the real estate markets in Oklahoma City (OKC) and Edmond are buzzing with potential. The future is bright, but to succeed, you need to be prepared. Whether you’re a first-time homebuyer or a seasoned seller, understanding the upcoming trends can make all the difference in your next move.
The Market is Shifting: What to Expect
OKC and Edmond’s housing markets are expected to see continued growth, even with fluctuating mortgage rates. While rates may remain a bit higher than historical lows, they’re expected to stabilize as the year progresses. This means less volatility for buyers, and more opportunity for sellers who are ready to list their homes.
Expect increased demand for homes in Edmond, especially with the area's excellent schools, green spaces, and family-friendly atmosphere. OKC, with its growing job market and vibrant downtown, will remain a hotspot for young professionals and families looking for value and space.
Seller's Market: Time to Shine
If you’ve been thinking about selling your home, 2025 could be your year. While inventory may remain tight, homes in desirable locations like Edmond are likely to see competitive offers. As long as your home is priced well and in good condition, you could see quick action.
Buyer’s Opportunity: Patience Pays Off
As a buyer, your patience is key. Homes will still be competitive, especially in the most sought-after neighborhoods, but with interest rates stabilizing and inventory trickling back onto the market, you'll have more opportunities to make an informed choice. The key to winning? Work with an expert who can help you navigate multiple offer situations and secure the best deal for you.
Ready to Take Action?
The OKC and Edmond real estate markets are full of opportunities—whether you're buying or selling. But success starts with knowledge and a plan. As we move through 2025, the best strategy is one that’s informed, patient, and proactive.
Don’t let the market pass you by. If you're ready to make your next move, the Justiz League Real Estate Team is here to help. Whether you're looking to buy or sell in OKC or Edmond, we have the insights and experience to guide you toward success. Let’s make your real estate dreams a reality in 2025!
Source: MarketWatch
The Costly Mistake Many Home Sellers Are Still Making (And How to Avoid It)
Selling your home can be a thrilling but nerve-wracking experience, and one of the most important decisions you’ll face is setting the right price. Unfortunately, I see many sellers still making a costly mistake that jeopardizes their chances of a successful sale. Just this month, I witnessed it once again—sellers pricing their homes too high, hoping to “see what happens.”
But let me assure you, I can almost always predict what happens next—and it’s rarely the outcome you want. Overpricing your home can lead to frustration, wasted time, and missed opportunities. Here’s why this mistake is so common and how you can avoid it.
The Chain Reaction of Overpricing
It might seem harmless to set a high asking price and wait to see what happens, but this approach often backfires. When you price your home too high, it sits on the market for longer than it should. Initially, you may get some interest, but as the weeks pass with little to no offers, buyers begin to assume something is wrong with the property. Maybe they think it’s overpriced or that the sellers aren’t serious about selling.
As time goes on, the interest in your home wanes. People move on to other listings, and your property loses its appeal. Buyers start to see the home as a stale listing, and that’s when the cycle begins: the price inevitably drops.
The Price Drop Dilemma
After weeks of low traffic, the next step is almost always a price reduction. But by this point, the excitement is gone. The home has lost its initial buzz, and a price drop may seem like a desperate move. Buyers wonder why the home hasn’t sold at the original price, and they may assume there’s something wrong with it. This creates a negative feedback loop where your listing is ignored, and it continues to sit unsold.
This is not the outcome any seller wants. The longer your home sits on the market, the harder it becomes to generate renewed interest. It can lead to missed opportunities, and before you know it, you’re stuck with a property that’s difficult to sell.
How to Avoid Overpricing
Avoiding the pitfall of overpricing starts with one critical decision: finding the right real estate agent. A knowledgeable agent will help you price your home competitively and realistically, based on a comprehensive Comparative Market Analysis (CMA). This analysis considers recent sales of similar homes in your area, ensuring you don’t price your property too high or too low.
At Justiz League Real Estate Team, we understand the importance of getting the price right from the start. We’re experts in local market trends and can provide you with a CMA-backed pricing strategy tailored to your home. Our goal is to help you avoid the costly mistakes that lead to a stale listing.
Curious About Your Home’s Value?
If you’re thinking about selling and want to ensure you don’t overprice, the Justiz League Real Estate Team is here to help. Send me a message with your address, and I’ll provide you with a free, no-obligation CMA report. It will give you valuable insights into your home’s true value in today’s market.
Let’s work together to make sure your home sale has the happy ending you deserve!