JOPLIN, MO.--- Joplin realtors saw an improvement in home sales over the past year. A Pro 100 realtor employee says sold listings in Joplin increased 2% from 2012. The average sales price in 2013 was $108,000. That is up 3% from the previous year. Homes stayed on the market for approximately 122 days, the same as last year. Realtors say people are having more trouble getting home mortgages because credit scores need to be higher than it was 10 years ago.
"We need to educate our buyers as far as in partnership with the lenders that we work with on a daily basis, what it's going to take to get into a mortgage because the underwriting process is tighter than it has been in the past," said Carol Ferguson, Pro 100 Broker Sales Manager.
Ferguson says the tighter underwriting standards could in turn mean less defaults on mortgages next year.
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