Team Andy Gibson - Keller Williams Lake of the Ozarks Realty

Every month, we take a look back at how the market is affected by several different factors that take place daily throughout the world, not just within the real estate industry. For  Team Andy Gibson , it's essential for us to stay up to date on the current market fluctuations so that we can help our clients make the best decisions for their real estate needs. So, this month, we're taking a look back on the past month to give you an insider's perspective on how the market is holding up today. December 2018 Market Update According to the National Association of REALTORS®, existing home sales increased in October after six consecutive months of decline. Buyers are stepping back into the housing market with an increasing number of homes for sale. Interest Rates According to Freddie Mac, 30-year fixed rates decreased slightly to 4.81 percent in October from 4.85 percent in September. This rate remains well below the historical average of 8.90 percent. Home Sales The...

Every month, we take a look back at how the market is affected by several different factors that take place daily throughout the world, not just within the real estate industry. For Team Andy Gibson , it's essential for us to stay up to date on the current market fluctuations so that we can help our clients make the best decisions for their real estate needs. So, this month, we're taking a look back on the past month to give you an insider's perspective on how the market is holding up today. According to the National Association of REALTORS®, existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years. In many areas, potential buyers may be priced out or finding a limited amount of available homes for sale in their desired neighborhood. Interest Rates According to Freddie Mac, mortgage rates are better now than they have been since mid-April. 30-year fixed rates decreased from 4.52 percent to 4.51 percent. This rate rem...

As 2017 draws to an end, many folks are probably wondering what the real estate market will have in store for 2018. In order to get an idea of what 2018 may hold for us, we must first look back on 2017 and the recent market insights. So Team Andy Gibson is taking a look at home prices, sales, housing inventory, and the ever-changing mortgage rates. Take a look: Home Prices Nationally, the median home price decreased to $247,000 in October, which was down 0.2 percent from September and up 5.5 percent from October of last year. The median home price has increased by approximately $12,900 in the past year alone. For the Lake of the Ozarks region, the median home price increased to $169,000 in November, which is up 9.03% from October, and up 7.7% from November of last year. The current listing price average for the Lake region is at $270,366. Home Sales The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.5 million ...