Real Estate at the Lake with Valerie Littrell

Lake of the Ozarks events, news & real estate

Eagle Days Returns to the Lake!

Image result for lake ozark eagle days

Don’t miss out on your chance to learn about Eagles and other birds of prey this January! Enjoy a bird watching cruise, fun activities such as best building, wood carving, photo contests and more! This event is free and open to the public! Great fun for children and adults!

Where: Willmore Lodge, heritage Elementary and Bagnell Dam

When: January 6th: 9:00am to 5:00pm

January 7th 10:00am to 4:00pm

Image Source: Google Images

Article Source:


BROKER/OWNER– 573-216-4991 – ABR, GR


The Truth about Home Affordability!

Home: 326 Cambridge Dr. Four Seasons, MO. 65049

MLS# 3126694

There has been a lot of talk about the current state of housing affordability for both first-time buyers and those who are looking to upgrade (or down-grade) and much of the talk is negative. The truth is, home affordability is better today than almost any time in the history of home buying!

There is some truth to the negative talk in the fact that affordability today is not as good as it has been over the past several years. However, most are not considering the housing crash and how the prices dropped due to distressed properties, i.e. foreclosures and short sales, kept home values depressed for years. When comparing the affordability of homes prior to the crash, we come to a different conclusion on housing affordability!

Below is a graph of the National Association of Realtors’ Housing Affordability Index. The higher the graph, the more affordable homes are.

Viewing the chart above, we can see that housing affordability is better today than in the decade prior to the housing boom and crash.

CoreLogic published a report showing the National Homebuyers’ “Typical Mortgage Payment.” Below is the graph depicting their findings:

2 Charts That Show the Truth about Home Affordability | MyKCM

The graph reveals that due to the distressed property prices a “typical” housing payment was less expensive than in 2012. Currently, housing prices today are less than the average in 2000, and prices are projected to be lower in 2018 than they were in 2000.

Bottom Line

Mark Fleming, Chief Economist at First American, explained it best:

“While borrowing power for the potential home buyer has fallen relative to the low point of 2012, it remains high today and will remain high next year, relative to the long run average. If you don’t want to rent anymore and are considering becoming a homeowner, even if mortgage rates rise next year, your borrowing power will remain strong by historic standards.”

So when you are out looking to buy a home, keep in mind that home prices are actually lower than home prices prior to the crash!


BROKER/OWNER– 573-216-4991 – ABR, GR

The Real Reason Home Prices are Increasing!

The Real Reason Home Prices are Increasing | MyKCM

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase.

It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate (see chart 1).

The Real Reason Home Prices are Increasing | MyKCM

According to the Existing Home Sales Report from the National Association of Realtors (NAR), the monthly inventory of homes has been below six months for the last four years (see chart 2).

The Real Reason Home Prices are Increasing | MyKCM

Bottom Line

If buyer demand outpaces the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.


BROKER/OWNER– 573-216-4991 – ABR, GR

Low Interest Rates Have a High Impact on Your Purchasing Power!

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history!

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.

The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments between $1,850-$1,900 a month.

Low Interest Rates Have a High Impact on Your Purchasing Power | MyKCM

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

Act now to get the most house for your hard-earned money.


BROKER/OWNER– 573-216-4991 – ABR, GR

Access is an Important Factor in Getting Your House SOLD!

Access is an Important Factor in Getting Your House SOLD! | MyKCM

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.
  4. By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

In a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all.


BROKER/OWNER– 573-216-4991 – ABR, GR

The Cost of NOT Owning Your Home!

The Cost of NOT Owning Your Home | MyKCM

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Zillow recently reported that:

“In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it.”

What proof exists that owning is financially better than renting?

1. We recently highlighted the top 5 financial benefits of home-ownership:

  • Home-ownership is a form of forced savings.
  • Home-ownership provides tax savings.
  • Home-ownership allows you to lock in your monthly housing cost.
  • Buying a home is cheaper than renting.
  • No other investment lets you live inside of it.

2. Studies have shown that a home-owner’s net worth is 44x greater than that of a renter.

3. Just a few months ago, we explained that a family that purchased an average-priced home at the beginning of 2017 could build more than $48,000 in family wealth over the next five years.

4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profit margin!!

Bottom Line

Owning a home has always been, and will always be, better from a financial standpoint than renting.


BROKER/OWNER– 573-216-4991 – ABR, GR

October 2017 Statistics are here!

Graphic showing the highlights of October market report

October Statistics are in and the Real Estate Market is still going strong!

Up in residential sales by 11.9% over October 2016.

Time on the Market has decreased by 27.9% compared to October 2016!

Overall Sales volume is up from 2016 by 14.1%.

Average Sale price is up by 2.7% over October 2016.

There is a 3% increase in the median sales price over October 2016.

There has also been a slight increase in mortgage rates but are STILL at a historically low rate.

All of these numbers mean we have a healthy Real Estate Market in Missouri.

For more information click HERE!


BROKER/OWNER– 573-216-4991 – ABR, GR

Thanksgiving at the Lake!

Image result for Thanksgiving at the Lake of the Ozarks!

Lake of the Ozarks Thanksgiving!

Nothing is better at the Holiday’s than spending time with your family and friends while enjoying some good food! There are several venues offering Thanksgiving Dinners for those who want to go out for the Holiday’s!

For more information click HERE!

Image Source: Google Images


BROKER/OWNER– 573-216-4991 – ABR, GR

New Powerboat Race planned for 2018!

Image result for powerboat race lake ozark mo

2018 is looking like it is going to be one fun year for us at the Lake! New construction projects and now a new powerboat race that will have the final championship race here at Lake of the Ozarks. Our community is know for being one of the best recreational lakes and people come from all over the states to participate in such events as the Shootout, poker run and more. It makes since to have a new powerboat race include our wonderful Lake in its race for champions!

For more information click HERE!

Image: Google Images


BROKER/OWNER– 573-216-4991 – ABR, GR

Blog at

Up ↑