YOUR BUSINESS AUTHORITY

Springfield, MO

Springfield home price growth outstripped by US, Missouri gains

Posted online

Missouri and U.S. home prices grew at a faster pace than the Queen City in September, according to real estate market tracker CoreLogic.

Springfield’s home prices — including distressed sales that factor short sales and real-estate owned transactions — increased by 2.8 percent during September compared with the same month of 2016. Prices were up by 0.2 percent from August, according to a news release.

Missouri’s average rose by 6 percent and U.S. home prices jumped 7 percent in September from a year earlier.

"A strengthening economy, healthy consumer balance sheets and low mortgage interest rates are supporting the continued strong demand for residential real estate," said Frank Martell, president and CEO of CoreLogic, in the release. “While demand and home price growth is in a sweet spot, a third of metropolitan markets are overvalued and this will become more of an issue if prices continue to rise next year as we anticipate."
 
CoreLogic predicts a 4.7 percent increase in U.S. home prices from September to the same month next year.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Bitcoin Bonanza: Cryptocurrency profits draw investors in the Ozarks

Sharply rising prices and a growing variety of cryptocurrencies are motivating people to get on the investment bandwagon.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
From Cutbacks to Cutting Tracks

“Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …

Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …
Booked - The 7 Habits of Highly Effective People “I think it’s a really great book and I wish I had read it earlier in my career,” says Candida Deckard, the Director of Human Resources and Safety at CNH Industrial Reman and one of Springfield …
From Concept to Completion “Every day we’re still learning. We’re not perfect, but we’re trying to get there,” says Cosmo Kwon, Co-Owner of Hinode in Nixa, Mo. Kwon says there is a huge difference in purchasing an …
Building on Each Other’s Strengths “To be good at business, or whatever you do, you need know what you can do and what you’re not good at,” says Eric Jones, co-owner of United States of Apparel. “When you’re not good at …