Missouri

Stone County, MO June 2009 Market Report from the Ozarksagent.

07-03-09

Steve Mattison

view my blog
Office: (417) 357-8326

Mobile: (417) 350-9743
Secondary: (417) 443-3150

Stone County Missouri Real Estate Market Report for June 2009

According to the MLS statistics, single family homes sales in Stone, County last month total was 23 homes with the highest priced one selling for $425,000 and the lowest priced one sold for $115000. There were less short-sales and foreclosure sales and more owner re-sales. Good news indeed for the Stone County and Table Rock Lake area Real Estate Market.

Real Estate Market information is local and we have financing available for buyers and a good price still being found on investment property. Naturally, whether you should buy or sell depends upon your particular circumstances more than any other factor. If you want to read a good article on the Mortgage situation I recommend Ken Cooks's blog for Novation: http://activerain.com/blogsview/1136482/why-loan-officers-kill-deals-cost-you-time-and-money-and-anger-customers he is smart and funny too, a good read.

If you would like to go over your situation and get an honest evaluation of whether you are in the right "timing" or not, I will be glad to help. You can call my cell (417) 350-9743 or if you want to see what is available today: Search Listings Here

Steve Mattison - Your Ozarksagent
Souvenir Realty, Inc. 417-357-8326
emailto:steve@ozarksagent.com

1 Comment

Market Report for Stone County, Missouri, June 2009

07-03-09

Steve Mattison

view my blog
Office: (417) 357-8326

Mobile: (417) 350-9743
Secondary: (417) 443-3150

Stone County Missouri Real Estate Market Report for June 2009

Steve Mattison - Your Ozarksagent
Souvenir Realty, Inc. 417-357-8326
emailto:steve@ozarksagent.com

0 Comments

Market Report for Stone County, Missouri, June 2009

07-03-09

Steve Mattison

view my blog
Office: (417) 357-8326

Mobile: (417) 350-9743
Secondary: (417) 443-3150

Stone County Missouri Real Estate Market Report for June 2009

Steve Mattison - Your Ozarksagent
Souvenir Realty, Inc. 417-357-8326
emailto:steve@ozarksagent.com

0 Comments

June 2009 Market Report for Branson, MO 65616

07-03-09

Steve Mattison

view my blog
Office: (417) 357-8326

Mobile: (417) 350-9743
Secondary: (417) 443-3150

Branson Missouri Real Estate Market Report for June 2009

According to the MLS, Branson single family homes sales last month total was 24 homes with the highest priced one selling for $410,000 and the lowest priced one sold for $81,500. That is a higher medium price which shows less short-sales and foreclosure sales and more owner re-sales. Good news indeed for the Branson area Real Estate Market.

Market information for land, farms, condos and mobile-home sales and more local information is available by request. Real estate is always local and we have had no problem getting financing for good buyers and a fair price for good property. Novation is a good blogger on the Mortgage industry and the latest entry is: http://activerain.com/blogsview/1136482/why-loan-officers-kill-deals-cost-you-time-and-money-and-anger-customers be sure to read it, Ken is smart and funny too.

Naturally, whether you should buy or sell depends upon your particular circumstances more than any other factor. If you would like to go over your situation and get an honest evaluation of whether you are in the right "timing" or not, I will be glad to help. You can call my cell to reach me best @ (417) 350-9743 or if you would like to see what is available today: Search Listings Here

Steve Mattison - Your Ozarksagent
Souvenir Realty, Inc. 417-357-8326
emailto:steve@ozarksagent.com

0 Comments

Mortgage Problems Explained

07-03-09

Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO

view my blog
Office: (417) 858-3344

Mobile: (417) 846-7128
Secondary: (417) 858-2209

I do not know the origin or authors of the following explanation for our Real Estate dilema, but it makes the problems understandable for the general public, even here in Missouri.

An Easily Understandable Explanation of Derivative Markets (i.e.granting easy credit):

Heidi is the proprietor of a bar in Detroit .
She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later.

She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Heidi's "drink now, pay later"
marketing strategy and, as a result, increasing numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in Detroit .

By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.
Consequently, Heidi's gross sales volume increases massively.

A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank's corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.

Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. He so informs Heidi.

Heidi then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since, Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs.

Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Heidi's bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities.
They find they are now faced with having to write off her bad debt and losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion dollar no-strings attached cash infusion from the Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers.

Now, do you understand? Just substitute "Real Estate Buyers" for "alcoholics" and "Heidi's Real Estate" for "Heidi's Bar"........