Wednesday, January 22, 2020 / by Nick Arndorfer
There’s a current narrative that owning a home today is less affordable than it's been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years.
It’s not just the price of a home that matters.
Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability equation is a buyer’s income. The median family income has risen by approximately 3% over the last year.
The National Association of Realtors (NAR) releases a monthly Housing Affordability Index. The latest index shows that home affordability is better today than at almost any point over the last 30 years! The index determines how affordable homes are based on the following:
“A Home Affordability Index value ...
Thursday, January 16, 2020 / by Nick Arndorfer
Movies, TV shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different.
Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This isn't projected to change as we continue into the beginning of the year.
“We expect this downsizing trend to continue in 2020, driven by a confluence of economic and demographic trends.”
Why are smaller homes trending now?
As noted in the article, there are a few main reasons for this demand:
“Many of today’s younger, millennial home buyers have expressed a preference for denser, more urban homes that are more walkable to shared amenities.”
“Today’s older homeowners are expressing a desire for smaller, less maintenance-heavy and more accessible homes as they age and move into newer homes.”
With these two demographic groups surging through the market, the demand for t ...
Tuesday, November 5, 2019 / by Nick Arndorfer
Our annual Santa Bus event is on the calendar again, set for Friday, December 6, 2019! Last year's event brought in over THREE TIMES the attendees from the previous year. By far the largest (and coldest) Santa Bus event to date. And the best part is we raised $2,500 for families connected with the ‘Parenting Children with Special Needs’ charitable organization!
Parenting Children with Special Needs, Inc. (PCWSN Charity) is a Missouri 501(c)(3) nonprofit organization dedicated to enhancing the quality of life of families who have a child with challenges associated with a medical diagnosis. The holiday season can be especially difficult for these families, so our Santa Bus event was created to raise money in an effort to help lighten their burden.
We invite you and your family to come enjoy this FREE event and help us raise money for these precious families! We'll have plenty of great raffle items and a donation bucket. If you can't attend but want to make a di ...
Wednesday, September 25, 2019 / by Nick Arndorfer
Come home to this cozy one and a half story house built in 1920!
917 S. Liberty Street is super close to the historic Independence Square. This 3 bedroom, 2.5 bath house offers main floor laundry, covered porch, and a large, wooded backyard.
Tap here to see more!
Call us to schedule your own private showing!
Monday, September 23, 2019 / by Nick Arndorfer
Who loves old homes?
The 65th annual Lexington 'Old Homes Tour' is showcasing five Antebellum homes, three museums, and an add-on brunch at Linwood Lawn this weekend in beautiful Lexington, Missouri!
Brought to you by The Lexington Auditorium and Civic Center - The LEX, the main homes tour is from 11 AM to 5 PM on Saturday, September 28 and Sunday, September 29 and features five beautiful, pre-civil war homes for an admission price of $25 either day, per person. Included with your main ticket purchase is free entry to Lexington's three beautiful museums: Lexington Historical Museum, The Anderson House Museum, and the newly opened Wentworth Military Academy Museum.
This year's tour boasts an exclusive add-on package to experience beautiful Linwood Lawn. This antebellum mansion (built in 1859) was believed to be the largest and most palatial home west of St. Louis. Enjoy a fancy brunch at 9 AM before the main tour begins for an ad ...