Quantcast

Boom in Joplin area housing market - KOAM TV 7

Boom in Joplin area housing market

Updated:

Interest rates are low and a local realtor says now is the time to buy a house in the Joplin area.

If you're looking to buy you may have noticed all the houses that have been built throughout the path of destruction from the May 22 tornado.  Lots of for sale signs and also lots of sold ones.

Seth Dermott, a realtor with Keller Williams, says about 30 years ago rates were around 15% to 20%.  About 15 years ago they were 7% to 8%.  Now, they're at about 3%, which Dermott says is an all time low.

"There is more on the market," says Dermott. "There is more inventory and so people come and if there are houses that they like that time homes typically show a little bit better.  What people think anyway, with rates low, they're nervous rates might sneak up a little bit, or at least that has kind of been what has been heard, not a lot, but a little bit.  A little bit affects your mortgage."

The federal government sets the rates and then depending on your credit your interest rate will be determined, but Dermott says most rates are sticking around 3.5%.

  • NewsMore>>

  • KOAM MORNING NEWS TO KNOW 10-18

    KOAM MORNING NEWS TO KNOW 10-18

    Thursday, October 18 2018 9:46 AM EDT2018-10-18 13:46:41 GMT

    Another judge has recused himself from the trial of a Carl Junction murder suspect.  Plus all the news you need to know before you walk out the door.

    More >>

    Another judge has recused himself from the trial of a Carl Junction murder suspect.  Plus all the news you need to know before you walk out the door.

    More >>
  • MO Supreme Court to Assign Judge in Carl Junction Child Murder Case

    MO Supreme Court to Assign Judge in Carl Junction Child Murder Case

    Wednesday, October 17 2018 8:07 PM EDT2018-10-18 00:07:32 GMT
    Jalen Vaden in Court on August 20th, 2018Jalen Vaden in Court on August 20th, 2018

    The Missouri Supreme Court might have to assign a special judge to a Carl Junction child murder case. There have now been six judges in a 2017 child murder case in southwest Missouri, four of which have recused themselves. Jalen Vaden is accused of killing 3-year-old Jayda Kyle at the Carl Junction home he shared with the child's mother. Vaden is charged with second degree murder and abuse or neglect resulting in death. Jasper County Associate Court Judge Joseph Hensley presided...

    More >>

    The Missouri Supreme Court might have to assign a special judge to a Carl Junction child murder case. There have now been six judges in a 2017 child murder case in southwest Missouri, four of which have recused themselves. Jalen Vaden is accused of killing 3-year-old Jayda Kyle at the Carl Junction home he shared with the child's mother. Vaden is charged with second degree murder and abuse or neglect resulting in death. Jasper County Associate Court Judge Joseph Hensley presided...

    More >>
  • Pittsburg Shooting Suspect Arrested In Texas

    Pittsburg Shooting Suspect Arrested In Texas

    Wednesday, October 17 2018 12:21 PM EDT2018-10-17 16:21:51 GMT
    Eric CraveyEric Cravey

    Texas authorities arrest a man wanted for shooting a woman in Pittsburg over the weekend.  According to Pittsburg Police, Eric James Cravey was arrested around 3a.m. this morning.  Cravey was taken into custody by Hill County, Texas Sheriff's Department.  He will face extradition proceedings soon.  The 34 year old suspect is accused of shooting Vanessa McWhirt-Martin last Saturday.  She was last reported in critical condition.  Authorities have not rel...

    More >>

    Texas authorities arrest a man wanted for shooting a woman in Pittsburg over the weekend.  According to Pittsburg Police, Eric James Cravey was arrested around 3a.m. this morning.  Cravey was taken into custody by Hill County, Texas Sheriff's Department.  He will face extradition proceedings soon.  The 34 year old suspect is accused of shooting Vanessa McWhirt-Martin last Saturday.  She was last reported in critical condition.  Authorities have not rel...

    More >>
Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.