The Real Deal: Healthy rebound in sight
May 13, 2020
Robert Lotufo, Ozark Properties Group
Open for business
Well, Missouri officially started back to business last week. What does this mean to local real estate agents? Most of us never really stopped working. We were instructed to follow the same
precautions as most other workers, donning masks, gloves, disinfectants, practicing safe distancing. Sadly, I had to stop shaking hands! Person to person activity has slowed down a little bit, but inquiries have certainly not. We are looking forward to an active recovery and anxious to handle the pent-up demand. Listings in the $100,000 to $175,000 range are red hot. Anything reasonably priced that can qualify for a government loan is flying off the shelves.
It seems that most of our buyers are qualifying for loans, banks are lending, and consumer confidence is rising. As is often the case, our biggest problem in Barry and Lawrence County is lack of inventory.
Some exciting building plans have been presented recently, and I think we are all excited about the promise of new construction in family homes in our area.
Good jobs are good news The new Cox Hospital in Monett is well underway, and I'm sure all those good-paying jobs will translate to home buyers before long. Northwest Arkansas continues to sprawl, and it is fairly commonplace to see growing families wanting to move to Missouri, where their dollars can go farther and they can get some elbow room.
Growing demand for farms
Farm properties and land continue to be highly sought-after. 40 and 80 acre tracts are in high demand, as are sites suitable for poultry houses. Although poultry farms seem to be in a bit of a precarious position right now, hopefully, when the market stabilizes, they will be back as a force to be reckoned with in our part of the country.
Location, location, location
Lake homes, especially those with good views and/or easy water access, are super hot right now. Many people are fast-forwarding their retirement and or relocation plans, and Table Rock Lake seems to be a very big draw for these buyers. With long distance and air travel being less of a viable consideration these days, taking a few hours drive to be in our beautiful corner of the Ozarks seems to be a very popular option.
If you are considering putting a lake property on the market, or, really, any property, it's a seller's market right now. We have many, many anxious buyers and very few properties to sell.
Let's all hope for a healthy rebound in the economy, employment and the real estate market.
There's no time like the present to make your move.
Open for business
Well, Missouri officially started back to business last week. What does this mean to local real estate agents? Most of us never really stopped working. We were instructed to follow the same
precautions as most other workers, donning masks, gloves, disinfectants, practicing safe distancing. Sadly, I had to stop shaking hands! Person to person activity has slowed down a little bit, but inquiries have certainly not. We are looking forward to an active recovery and anxious to handle the pent-up demand. Listings in the $100,000 to $175,000 range are red hot. Anything reasonably priced that can qualify for a government loan is flying off the shelves.
It seems that most of our buyers are qualifying for loans, banks are lending, and consumer confidence is rising. As is often the case, our biggest problem in Barry and Lawrence County is lack of inventory.
Some exciting building plans have been presented recently, and I think we are all excited about the promise of new construction in family homes in our area.
Good jobs are good news The new Cox Hospital in Monett is well underway, and I'm sure all those good-paying jobs will translate to home buyers before long. Northwest Arkansas continues to sprawl, and it is fairly commonplace to see growing families wanting to move to Missouri, where their dollars can go farther and they can get some elbow room.
Growing demand for farms
Farm properties and land continue to be highly sought-after. 40 and 80 acre tracts are in high demand, as are sites suitable for poultry houses. Although poultry farms seem to be in a bit of a precarious position right now, hopefully, when the market stabilizes, they will be back as a force to be reckoned with in our part of the country.
Location, location, location
Lake homes, especially those with good views and/or easy water access, are super hot right now. Many people are fast-forwarding their retirement and or relocation plans, and Table Rock Lake seems to be a very big draw for these buyers. With long distance and air travel being less of a viable consideration these days, taking a few hours drive to be in our beautiful corner of the Ozarks seems to be a very popular option.
If you are considering putting a lake property on the market, or, really, any property, it's a seller's market right now. We have many, many anxious buyers and very few properties to sell.
Let's all hope for a healthy rebound in the economy, employment and the real estate market.
There's no time like the present to make your move.
