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Home Sales up 6.3% Nationwide in January!!
February 7th, 2009 2:26 PM

This is good news! But what does this figure really mean? First, it means that investors and home buyers are taking advantage of record lows in both housing prices and interest rates. Granted, the days of 100% financing for home purchases are gone - Americans will have to, once again, save for a 5-20% downpayment, depending on your personal financial circumstances, but home ownership is not unattainable! Even more exciting than the "modest rebound" in home sales in January is the 10.9% raise in December of the Housing Affordability index to 158.8 (according to NAR), which is the highest on record! So, what does this mean? "Since tracking began in 1970, this HAI shows that the relationship between home prices, mortgage interest rates and family income is the most favorable it has ever been" - now that's exciting! Click here for more information on housing market statistics.

In my city, Springfield, MO and the surrounding area, builders began responding to the need in our area for more affordable housing more than a year before any trouble in our market was widely known or discussed. Today, we can proudly offer "brand new" 3BR/2BA/2Car garage homes in nice neighborhoods for under $100,000. Of course, they are not chock full of amenities - but they are quality built homes that will provide more than just a roof overhead. Upgrades in hardware and lighting fixtures, fencing, landscape, etc. can all be added to over time and are easy to do. If you are a single parent, a first-time home buyer, a retiree, a college student, newly married or an investor looking to begin or expand your rental portfolio, these homes are perfect for you! I am happy to open the door for you to your new home - just give me a call at 417-860-8246!

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Posted by Karen M Wilson on February 7th, 2009 2:26 PMPost a Comment

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