Cape Girardeau-Sikeston, MO-IL

There is no doubt that the real estate market in the Cape Girardeau-Sikeston, MO-IL combined statistical area (CSA) has been on a roller coaster ride over the past few years. After reaching record highs in 2006 and 2007, prices plummeted during the Great Recession and have only recently begun to rebound. Despite these ups and downs, there are some trends that are worth watching in the CSA's housing market.

One trend that is becoming more prevalent is the move away from traditional single-family homes and toward alternative living arrangements such as apartments, condos, and townhomes. This is likely due to a combination of factors including changing demographics (more young adults are choosing to rent instead of buy), the high cost of purchasing a home, and tighter lending standards making it difficult to qualify for a mortgage.

Another trend that is evident in the CSA's housing market is the increasing popularity of "fixer-upper" properties. With prices still relatively low, many buyers are willing to take on a project in order to get more bang for their buck. This can be a great opportunity for investors looking to flipping houses or renters looking for a place they can put their own personal touch on.

Finally, it appears that location is becoming increasingly important for buyers in the CSA. Proximity to good schools, job centers, and amenities such as restaurants and shopping are all top considerations for many people when choosing where to live. This has led to increased competition in desirable neighborhoods and higher prices for properties located in these areas.

Overall, the trends in the CSA's housing market indicate that people are becoming more selective about what they want in a home and are willing to make trade-offs in order to find something that meets their needs. Whether you're looking to buy or rent, it's important to be aware of these trends so you can make the best decision for your situation.