Missouri is a state of the central United States. Missouri was incorporated as the 24th state in 1821. It was under Spanish control from 1762 to 1800. Missouri was settled as a territory in 1812. Missouri's diversity marks it as a microcosm of the nation. Missouri is drained by the great Mississippi River on its eastern border.
Kansas City: Real Estate: KC has affordable homes prices ranging from $5,000 to $3,750,000.
One of the truths in any market is that the home which is clean, well maintained, attractively staged (both inside and out), and priced right is the one that will be sold quickly. It makes sense anybody likes things that are appealing visually plus fairly priced. The Kansas City is an exciting place to live in. Its phenomenal expansion adds great shopping, restaurants, a new world-class sports park, and new homes from $100,000 to $2.75 Million. Golf and Lake Communities. 7500 Acre Smithville Lake and the other surrounding recreational areas are just a short drive away for sailing, boating, golf, fishing, hunting, shooting, and other outdoor activities. Easy access to highways, the international airport, great hospitals, and highly rated schools round out the solid community.
The Kansas City market has begun to warm up for the 2007 season; started in December, 06. Many buyers have new contracts on homes and requests for information. Saint Louis City: Estate: Homes are now considered as medium-priced for the area, ranging from $ 80,000 to $ 220,000. They are definitely being sold, but at a slower pace. So buyers have more choices and can use free will. At present it takes longer to sell, ranging from nearly 3-5 months and there are frequent foreclosures than before. Landlords are very happy as there are more good tenants and it's been easier to rent. Moreover, rents have rose by about 5-7%. Home prices have slightly declined by about 5-8%. Mortgage Rates are also going down just like everywhere else. The market still maintains a better value ratio than in many other cities (such as Florida and California) and homes are still extremely affordable.
St. Louis: The St. Louis market is definitely a buyers market at this present time. According to the "Office of Federal Housing Enterprise Oversight" committee, the home prices in the state of Missouri rose last quarter by 1.03%. For the past one year, homes are appreciated by 5.02%. Negative appreciation could be seen in New Hampshire and Rhode Island for the past quarter. Another important point to look at is the rural versus the urban. In rural Missouri, appreciation at 2.7% and urban shows a 1.4%. So, we feel rural is a better investment at this time. But, not necessarily so. However, when it comes to investing in real estate, can start with the country, state, city, then neighborhood to research the pros and cons of investing. Real Estate is still a great investment.
AvailableZIP Codes: 63109, 63116, 63147
