Lake of the Ozarks Real Estate News
These are the "Good Old Days" that we will remember.
Did you read that correctly? Yes. Although there is still high unemployment, dissatisfaction with elected officials at every level, and concern about global debt, these will be remembered as the "good old days" to purchase a home.
The combination of historically low (and artificially maintained) mortgage interest rates, and the incredible price of most real estate, has never been seen before. We have had low interest rates before, but housing prices were high. We have had lower housing prices, but interest rates were above 10%.
This is the only time we have had the "perfect combination."
Lower interest rates give a buyer a type of instant equity in a home, even though the price of the house is lower than it had ever been before. Remember, when interest rates go up, you can buy less house (you qualify for a smaller loan amount).
If you have any interest in moving up to a newer, or larger home, please don't wait. Or, you will miss out on these good old days.
For all of your Real Estate needs, Fran Campbell Team is your one stop shop. We have access to any listing you are looking for through the Multiple Listing Service. Whether you are looking to buy or sell, contact us at 573-302-2390.
To see Lake Area Listing go to www.FranCampbell.com/blog
Did you read that correctly? Yes. Although there is still high unemployment, dissatisfaction with elected officials at every level, and concern about global debt, these will be remembered as the "good old days" to purchase a home.
The combination of historically low (and artificially maintained) mortgage interest rates, and the incredible price of most real estate, has never been seen before. We have had low interest rates before, but housing prices were high. We have had lower housing prices, but interest rates were above 10%.
This is the only time we have had the "perfect combination."
Lower interest rates give a buyer a type of instant equity in a home, even though the price of the house is lower than it had ever been before. Remember, when interest rates go up, you can buy less house (you qualify for a smaller loan amount).
If you have any interest in moving up to a newer, or larger home, please don't wait. Or, you will miss out on these good old days.
For all of your Real Estate needs, Fran Campbell Team is your one stop shop. We have access to any listing you are looking for through the Multiple Listing Service. Whether you are looking to buy or sell, contact us at 573-302-2390.
To see Lake Area Listing go to www.FranCampbell.com/blog
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