So what is the state of the Real Estate Market?

Well first of all I don't want anyone to confuse me with some Wall Street guru. I'm just a simple Mid-west kid noticing some trends. That's also another way of saying that if you take my advice and it doesn't work out well don't think about suing me. If I were a real genius I'd be writing this from my Caribbean home, and well when I look out the window, it doesn't look like the Caribbean to me.

But here's what I've been seeing just by keeping my ear to the ground. Now OK I mixed my metaphors and the odds are that if my ear were to the ground I wouldn't be seeing much now would I?

But I am not seeing rural land prices affected much if at all like we are seeing residential property. I believe that is for 3 reasons first of all grain prices are at an almost historic high so all rural land is holding it's value. Secondly the desire to move from the city to the country hasn't diminished at all. Maybe there are fewer folks who can do it, because their city homes are harder to sell, but the desire is there. The third reason is that we have not just been busy, we've been swamped. We are working 7 days a week and are having trouble keeping up. Admittedly the recent better weather has helped a lot.

So what does all of this mean? Well first let me reiterate, don't sue me if I'm wrong, but I think the effect of the recent real estate problems has had minimal if any affect on rural property. But at the same time the actions by the FED to bolster residential sales means lower interest rates for all of us. In other words I think this is the time to buy. I don't see prices or interest rates going lower, but I can see both going higher.

Give us a call and we can talk further about what this might mean specifically to you. I am still available, I am not in the Caribbean, however I am accepting donations. Give us a call 913-837-4665, (and yes most of you will have to dial the 913.)