Lake of the Ozarks 2009 Vacation & Service Guide - (Page 138) REAL ESTATE All Real Estate is Local The housing market at the Lake of the Ozarks remains relatively stable in the midst of what some consider a national housing crisis. While interest rates fluctuate across the nation and foreclosure rates in metropolitan areas climb, rates and property values around the Lake remain much more consistent. The most obvious signs of development at the Lake are the Highway 54 Expressway in Osage Beach and the Highway 5 bypass in Camdenton. The Missouri Department of Transportation’s commitment to making travel on the community’s major highways faster and easier shows anticipation of increased traffic and commercial development. The anticipated growth is likely an extension of the boom that the Lake of the Ozarks real estate market enjoyed over the past five years. Steady economic development and property appreciation in past years, keeps the Lake of the Ozarks market unique. Other markets had a huge and rapid upturn; whereas the Lake of the Ozarks had steady growth that can make a real estate market downturn look worse on paper than it actually is. As long as growth and development continue, the real estate market will stay supported. While real estate in second home markets in Florida, Nevada, and California attract national headlines with instability and devaluing properties, the Lake of the Ozarks real estate market holds relatively steady and property values continue to climb. The opportunities prove that the Lake area is no longer a summer vacation destination, but a place to live, work and play 12 months of the year. 138
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.