Better Living Tips and Hints, Buyers, Carl Junction, MO, Carthage, MO, featured, Hickory Hills/Hillcrest Estates, Home Owners, Joplin, MO, Joplin, MO Real Estate, Real Estate, Renters, Sellers, Seneca MO, Webb City MO

A Tale of Two Markets

April 13, 2018 Michelle Clemons, Realtor

This trend is happening in our local market as well as nationwide. The higher priced homes are selling finally, but there are more on the market so buyers have more choice. All other homes are selling quickly. Now is the time to sell if you have been thinking about moving.

Two-Markets-STM-ENG-1046x1354

Some Highlights:

A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices!
Inventory continues to rise in the luxury & premium home markets which is causing prices to cool.
Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise!

Published by Michelle Clemons, Realtor

As a retired teacher, I understand the value of education. My goal is for you to have the most up to date information available so you are comfortable with the home buying and selling process. I teach real estate classes for getting a real estate license as well as train existing agents. I have been licensed since January 2013 and earned my broker's license in 2017. I have a variety of resources available to assist you in your real estate journey. KNOWLEDGE IS POWER! View all posts by Michelle Clemons, Realtor

Leave a Reply Cancel reply

Enter your comment here...

Fill in your details below or click an icon to log in:

Email (required) (Address never made public)

Name (required)

Website

You are commenting using your WordPress.com account. ( Log Out / Change )

You are commenting using your Google account. ( Log Out / Change )

You are commenting using your Twitter account. ( Log Out / Change )

You are commenting using your Facebook account. ( Log Out / Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]
Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up. Terms li […]
Today’s Real Estate Market Explained Through 4 Key Trends
As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. A Shortage […]
Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?
Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. Working from Home Isn’t a Passing […]
3 Charts That Show This Isn’t a Housing Bubble
With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could […]
What You Should Do Before Interest Rates Rise
In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage […]
Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC]
Some Highlights Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market. Although the supply increases are modest, more homes means more options for buyers. A rise in inventory may also help slow the price gains we’ve s […]
Diving Deep into Today’s Biggest Buyer Concerns
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad […]
Housing Supply Is Rising. What Does That Mean for You?
An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges: “It looks like inventory may have hit […]

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]
Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up. Terms li […]
Today’s Real Estate Market Explained Through 4 Key Trends
As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. A Shortage […]
Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?
Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. Working from Home Isn’t a Passing […]

%d bloggers like this: