Kevin Stitt, the owner of Tulsa-based Gateway Mortgage, scored a victory last night in his debut foray into elective politics by winning the Republican primary to become governor of Oklahoma.
The KXII FOX 12 reports that Stitt defeated former Oklahoma City Mayor Mick Cornett in Tuesday's primary runoff and advanced to the general election to face Democrat Drew Edmondson and Libertarian Chris Powell. Oklahoma Gov. Mary Fallin, a two-term Republican, cannot run for re-election due to the state’s term limits.
Stitt loaned his campaign nearly $3.3 million, which is approximately half of the $6.5 million he received ahead of Tuesday's primary race. Stitt used his business leadership as a focal point of his campaign, although his opposition tried to use the same experience as a negative talking point, citing Gateway’s problems during the previous decade’s mortgage crisis.
Nearly 80% of U.S. adults report that they’re either doing “OK” or “living comfortably,” according to a new survey by the Federal Reserve Board. It looked at the financial well-being of adults and their families during 2021’s fourth quarter.
Nearly one-fourth of all homeown...
Average perceived likelihood of an increase in housing assistance and affordable housing over the next 12 months declined to 37% in April 2022, from a peak of 52% in August 2021.
Consumer confidence is weakening. Americans are becoming more pessimistic about the chances of finding affordable housing in the next year, according to the Federal Reserve Bank of New York’s April Survey of Consumer Expectations.
The survey, which is conducted every four m...