Missouri is Looking Up for Foreclosure Home Investors
Photo by Kenteegardin
The state of Missouri offers wide-open spaces and excellent investment opportunities in Missouri foreclosures. Currently, the state boasts $230 billion worth of revenue per year, and posted a growth rate of 2.6%, even in these difficult economic times.
Missouri ranks as the 22nd largest economy in the United States. Manufacturing leads most of the sectors of the economy in this state. Government is the second largest sector, closely followed by real estate and health care. Missouri lawmakers are considering a bill that could improve the state’s park system, which could make Missouri an even more appealing place to live.
Saint Louis foreclosures boasted a price increase of almost 2.1% since July. This is a big jump considering that many states have seen very little or no increase in foreclosure home pricing.
Branson and Jefferson City have also reported an increase in the prices of their foreclosure homes for sale. Branson’s price increase was just under 3% while Jefferson City’s jumped to around 3.24%. Pacific, Missouri also showed an increase in foreclosure home prices; the numbers come in at 4.82%.
O’Fallon foreclosures had a decrease in price of about 1.71% this month. Joplin, Missouri also reported a slight decrease in foreclosure home prices of about 0.16%, making O’Fallon and Joplin excellent areas in which to purchase a foreclosed home.
The strength of the Missouri economy and the increase in foreclosure home prices in most areas of the state makes for a very good market. With unemployment under 9%, many buyers are feeling more comfortable in Missouri.
In recent news, picketers in Jefferson City have been shown working hard to keep all adult-oriented business out of the city. This protest has sprung from the recent opening of a Cirilla’s store. The store states that about 25% of its stock is orientated toward adults. Their shelves also feature several “adult items” that are of a sexual nature. Residents have complained that the store is in a public area of the city and they are asking for a ban on all adult stores inside Jefferson City.
Any change in the laws pertaining to adult stores in the near future should not affect Cirilla’s since the store offers less than 1/3 of its stock in adult items.
In other news, a severe drought in the Midwestern areas of the United States has increased the sales of hay from Missouri and surrounding areas.
Many states are importing hay from all over the US in order to fulfill the requirements of their cattle and horse herds. Local farmers are overwhelmed by hay orders and there is no reprieve in sight. Missouri foreclosures look to be a solid investment.
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