MarketWatch's report 5 Worst & Best Markets for First-Time Home Buyers had Oklahoma City ranked No. 1 and Tulsa right behind at No. 2 best Market in the Nation for First-Time Home Buyers.

I’ve spent the last few months reading books, analyzing my market, watching trends, creating spreadsheets, mock budgets, estimating financials, doing calculations, designing rooms via SketchUp Pro, networking with suppliers, and vetting hard money lenders.

Article on Market-Watch:https://www-marketwatch-com.cdn.ampproject.org/c/www.marketwatch.com/amp/story/guid/E5127276-1A17-11E7-8755-9AB7B5C1C318Spoiler alert:- According to the mortgage bankers association, the average size of a home loan is at the largest in the history of the survey, which goes back to 1990. - Larger mortgages reflect not just more expensive home prices, but also more leveraged ones. - The 20% down payment is a relic.

Also, get up to speed on your local market. Watch

After we review the weekly Market Watch numbers, I'll tell you what I think happened.

I've been reading a lot on housing wire, nasdaq, market watch, and mortgage orb, and it seems a big discussion occurring is whether or not nonbank servicers should have more regulations.Here is what I learnednonbank special servicers wield $1.4 trillion in mortgage servicing rights out of a nearly $10 trillion marketnonbanks use short-term financing to buy servicing rights for troubled mortgage loans that will likely not pay off until difficulties resolve in the long-termInfrastructures might not be able to handle the responsibility of servicing large volumes of mortgage loans17% of the 30 largest mortgage servicers were not banksnonbank special servicers more susceptible to economic downturns that could increase nonperforming loans that require servicer loss mitigationnonbank servicers don't require same capital levels as a large bank lenderreason for standards for banks was deposit insurance and the sense that IDIs could impose risks on taxpayers (not applicable to non-banks)A recent report from Fitch Ratings suggests rise of nonbank servicers threatens private-label residential mortgage-backed securitizations (nonbanks now service 74% of all private-label securities by loan count)higher risk to GSEs buying from nonbanks due to a counterparty that may default on financial obligations (representation and warranty obligations)Elizabeth Warren, instrumental in formation of the CFPB is pushing for study on nonbank servicers.I know there is a variety of different professionals on BP, and I'm trying to understand and, more importantly, weigh all the pros and cons and consequences that would occur if the FHFA were to impose stricter regulations on nonbank servicers.

And a Business Insider article calling the guy insane (which I agree with): http://www.businessinsider.com/is-marketwatchs-pau...

I'm not a flipper but I do a good deal of market watching in Northern Utah.

October Market Watch Redfin.com ranked Rochester as the least likely to tank during the next recessionPrices for entry level houses have been rising quickly and selling in a short period of time.  

Now don't blow it and overpay for a property as we're closing in on top of market!  Watch