Thursday, April 17, 2014

CEO Magazine: Market On The Move

Real Estate Pros Talk Buying & Selling At The CEO Roundtable

photos by L.G. PATTERSON
Is Columbia’s real estate market on the rebound? The experts at our recent CEO Roundtable say yes, but their optimism is tempered with concerns about the inventory of available homes, school redistricting and potentially costly government regulations.
Gary Meyerpeter, Boone County market president of The Callaway Bank, which sponsors the CEO Roundtables, welcomed the group. Then Inside Columbia’s CEO Publisher Fred Parry took over as moderator and asked the attendees to assess the current real estate market.
“Last year was great for a lot of us,” said Sean Moore of RE/MAX Boone Realty. “I think it honestly was fueled by low inventory and I think we’re going to see similar conditions this year. Maybe not the frenzy … last year in the spring season we had about 60 days of people fighting over houses. But we’re at less than 1,000 single-family homes in all of Boone County on the Multiple Listing Service right now, and the last time that happened was exactly a year ago.”
RE/MAX Boone Realty’s Susan Horak says she is fascinated by statistics and keeps careful tabs on her personal sales through the years. “I always track myself and try to beat myself,” she says. “I look at what is under contract, the pendings or the pipeline, how many listings I have and what is closed for the year. I’m already 38 percent over where I was on this same day last year. I think people are thinking banks are loosening up a tiny bit, so that’s helped. With banks being more agreeable, but interest rates possibly going up, people are jumping in maybe a little quicker and they’re just trying to get the deal done while they can.”
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