Despite the nationwide decline in the housing market, the Carthage Press reported that local officials in Carthage, MO, noted that property values remained relatively flat - real estate valuation dropped only 1.6 percent. The decline in real estate values for property tax purposes would be made up for by a slight increase in property taxes [...]
The Missouri House announced the creation of the Interim Task Force on the Missouri Housing Market to study the current Missouri housing situation and recommend legislative measures which can be taken to stabilize the real estate market. Read more at Kansas City infoZine.
Missouri is the best state in the country for the manufacturing and logistics industries, according to new research out of Ball State University. The report noted that Missouri had low health care costs and lower corporate and property taxes than many other states. Unfortunately, despite its high marks, Missouri has lost ~45,000 manufacturing jobs since [...]
The average sales price in the area may be right around $100,000, but there’s some luxury real estate around Joplin, Mo. in the southwest part of the state that attracts buyers with million dollar taste. If you are interested in learning more about the custom homes in the area that may have taken 5 years [...]
The rapid rise in the commodity market for crops and demand for corn both for food and for use as ethanol is causing farm land values to buck the national real estate trend of declining home prices. According to Corn & Soybean Digest, the average price of farm real estate in the Corn Belt states [...]
Callaway County real estate hasn’t seen the foreclosure boom that many areas have seen, with only 1 in ~17,000 homes facing a foreclosure filing. Compared to the national average of 1 in 171 homes, there’s a significant difference.
But that doesn’t mean that the Callaway County real estate market hasn’t seen better days. An examination of [...]
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 [...]