Southeast Missouri Real Estate Slowing But Better Than National Market
Southeast Missouri is faring better than the national real estate market, but the real estate downturn is still having an impact on the local housing market, according to an article in the Southeast Missourian.
According to the article, new home construction is showing a significant slowdown in Cape Girardeau and Jackson, with 50 percent declines in the number of building permits issued in the first half of the year versus last year. Home developers are still optimistic, however, that the homes in the projects that they are continuing to pursue will sell.