Buying a First Home in Springfield MO?

Many first-time homebuyers hear stories from their parents and grandparents about buying a home in Springfield, MO or other communities for the first time. Today’s real estate market and lending climate is vastly different. While interest rates are considerably lower than the 1980s, it’s a fast and competitive real estate market.

According to an article by, the housing market is not for the faint of heart. In fact, many homes sell for above asking price. A Redfin report showed homes across the country go from listing to closing in a rapid 37 days. Most millennials’ parents and grandparents did not have a difficult time finding an affordable home to buy. On the positive side, millennials still enjoy historically low-interest rates. Instead of asking parents and grandparents for outdated and obsolete home buying advice, talk to a Springfield real estate agent about avoiding common first-time home buying mistakes. Continue reading

Lessons for Buying Springfield MO Homes in Your 20s

Buying a home is a major milestone and one that few people reach in their 20s. For those who do manage to get together the down payment and land the well-paid job in their 20s or early 20s, there are key lessons to learn from older home owners. Although it was a lot different to buy a home decades ago because of higher interest rates, some of the same principles still apply. When buying a home in Springfield, MO, consider the advice of established home owners who bought early in life. A recent article by points out home ownership feels like a major leap into official adulthood. Continue reading

Mortgage Rates Affect Springfield Real Estate

Throughout the country, home sales hit a 10-month low point recently as experts point out buyers are feeling the sting of higher mortgage rates. For people eyeing real estate in Springfield, it’s still a great time to buy.

Working with a Realtor

By working with an experienced Springfield, MO, Realtor, it’s possible to find the perfect home even in tough economic environments. After the presidential election, economists did predict interest rates would rise. A higher interest rate often means home buyers get less home for their money. However, there are ways to maximize your success when buying real estate in Springfield. Continue reading

Is Buying a Springfield MO Home Better than Contributing to a 401(k)?

Some young people starting careers wonder if it’s better to invest in a 401(k) or to buy a home. Fortunately, it’s possible to budget for retirement savings as well as a monthly mortgage payment. In some cases, people take out a 401(k) loan or use money they contributed to a Roth IRA to buy a first home. According to a recent piece by, some first-time home buyers contemplate whether it’s better to contribute to a company-sponsored retirement plan or buy a home.

For those house hunting in Springfield, MO, it’s a great time to buy. Owning a home is a major step toward financial security. Experts point out a home you live is a partial financial asset and a shelter. Consider whether buying a home in Springfield MO is a positive or negative. Continue reading