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Time to jump aboard the real estate roller coaster

There’s no doubt about it – the real estate market continues to fluctuate with more ups and downs than a roller coaster. Most experts agree the market is still returning to normal from the housing crisis of the last decade. But in the last year the trend has been mostly up according to data from the Columbia Board of Realtors.

Columbia/Boone County – an island unto itself?

Every place likes to think of itself as unique. But in the real estate arena Columbia and Boone County may just be able to back that up. Consider these figures comparing the first five months of 2014 vs. the first five months of 2013:   Nationally, home sales were down 8.2%. In the Midwest they were down 7.4%. In Boone County they were only down 7%.   What’s more, in the period from June 1, 2013 to June 1, 2014 home sales in Boone County were up 9% over the same period a year earlier. Also, in that period there were 23% more homes sold in Boone County and the average time homes were on the market before selling decreased by a whopping 19 days.

Midwest economy also looking up.

A monthly survey of business leaders done by Creighton University indicates continued growth in nine Midwest and Plains states including Missouri. According to the survey the region’s overall economic index rose to 60.6 in June – a three year high. The employment index rose to its highest level in two years when it hit 61.4 in June as durable goods manufacturers continued hiring. Obviously when more people are working and pulling down a salary, the outlook for the real estate market improves. So if you’ve been waiting for “the right time” to buy or sell a home – take a look around. The time is now! At the Ginsburg Group we’ve been successfully negotiating the ups and downs of the real estate roller coaster for more than 30 years. Give us a call at 573-876-2891.


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