Economy Changing for the Better
Recent reports from Realtor Magazine show that the economic horizon looks like a bright one. While an improving economic state is something that we are looking forward to, it also means saying good bye to a few of the elements in the housing industry that we have all come accustom to. The article released by Realtor Magazine shows that the improving economy will start to raise mortgage rates. Here at the Lake of the Ozarks we are starting to see a decrease in the amount of inventory we have actively for sale. Typically, when the inventory decreases the home prices start to increase. Saying goodbye to the drastic foreclosure discounts and to the buyer’s market that we have been experiencing will be a transition but the overall improvement of our economy and housing market will be received with warm welcome by many people.
To read more on this article, click the link below.
http://realtormag.realtor.org/daily-news/2013/03/15/improving-economy-sends-mortgage-rates-higher?om_rid=AAJykL&om_mid=_BRQ0yPB8xbC7d6&om_ntype=RMODaily
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