Springfield Mo Real Estate Blog

The Affects of Rising Interest Rates We all know the affects of lower interest rates brings more buyers due to lower house payments, but take a look at what the affect did for a year in the Springfield Mo housing market.Like other markets across the country, homes sales dropped, but housing pric...

A Sign The Market is SlowingWith the rising interest rates, the chart below shows the slowing of the market.  When interest rates were at their lowest, homes were selling at around 94% of the list price in the Springfield area market.  Through the summer months, they rose to over 96% of list pric...

Buyers, don't let interest rates keep you from buying a home. Home prices will always keep rising. Ever hear the old saying is "Marry the home - date the rate".I moved to Ozark in the 80's when interest rates were around 18%, purchased and assumed a VA mortgage at 15.875%, with $10,000 from the s...

Springfield Missouri and the surrounding areas are no different than the rest of the USA.Inventory is down and prices continue to rise.  Buyers are still buying, even while interest rates rise.  I can still remember assuming a mortgage at 15.875% when I first moved to Missouri, so an interest rat...

Low Inventory - High Interest Rates are causing Sellers  to hesitate to sell.We have buyers looking to downsize, but can't find the right home, due to low inventory.  Already approved to buy without selling their home.  They are looking to buy in Christian or Greene counties in Missouri.  Are you...

Here is an overview of what's happening in the Springfield Mo real estate market.  Interest rates slowed the sales, prices continue to increase and average days on the market went up.  Still not a buyer's market, the number of active listings as of 12-19-2022 is 2861.  Sold properties for the yea...

Tom Gilliam has some great advise for today's sellers.   Some people feel like it’s not a good time to sell their house right now because they’ve heard that prices are dropping, it’s taking longer to sell, and the number of home sales have drastically dropped. That’s all true in many areas and pr...

Stunning, Contemporary New Home in Irish Hills Estates - Nixa Missouri.Luxury, all on one level, this 3039 Ranch style home has 4 bedrooms, 3 baths, a formal living room, family room, and all dressed up in today's modern flair with crystal lighting. Quality constructions, 3 car garage, beautifull...

Needing a 20 Percent Down Payment to Purchase a House is a Myth! Saving to buy a home isn’t easy, and 20% of the purchase price for the down payment could take many years to save. But fortunately, 20 percent is a down payment myth, and if you want to put down less, you have many options to choos...

Should I update or sell my home AS IS?Read what Joan Cox recommends.     Should I paint and replace the carpet or sell the home like it is?     Many Sellers ask these questions, and always recommend getting this done prior to listing.   These two items make such an impression when buyers walk in ...