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-- buyer's market to a seller's market Joplin Missouri is now hot spot.
For home sellers.
Since the may 22 tornadoes destroyed homes and -- -- families.
Bidding wars of as much as 5% above list pricing.
Are now the new normal joining us on the phone is -- -- ozark gateway association of realtors CEO in camp 609.
Basically new for sale listings came in just after the tornado that's correct 454 under contract.
And or a lot or at least maybe potentially sold gone gone -- the -- in the contract may be sold since suspect.
We've never seen anything quite the life of this than probably never will again in -- lifetime.
Well -- -- obviously I mean this is a patent does the Joplin story's been terrific I mean we've watched and of course.
From far away but there I mean a lot of -- -- that have been damaged I would assume that the insurance companies are coming -- And senator work let folks know they are they giving the payments not fast enough -- -- the insurance checks coming back quickly that the angle but home doesn't happen.
Yes they are they have been here in force that.
And actually kind of a little designated area people are able to go there to file their claims.
A lot of people -- -- have their -- giving them.
The ability to go out and purchased -- new home.
They've been kind of put on a ninety day hold here in this city limits as far as not being able to build due to a new city ordinance.
-- can't have.
-- building to materials and things like that in their way of trying to remove the debris.
So people are now looking to buy homes already done.
So that's -- -- you know there's been a lot of talk you mentioned FEMA.
Do you think do you support the idea of having FEMA -- use its money to relocate residents in your area to see for granted given -- buy homes elsewhere.
-- -- Honestly really don't want to -- people have to leave the area.
I mean it in a perfect world -- be able to just start rebuilding right away.
Unfortunately most of the 8000 displaced families are living with family or friends but they -- it added another three -- But the fact that they they have to be staying with other people -- can't build.
But the problem is we only have 15100.
Approximate month -- right now and 8000 displaced -- So it doesn't add up the people will probably have to move elsewhere but that's the case yes I agree with people helping them.
How if I -- ask the question how how was the local Home Depot and other businesses and in in town doing.
Feel at Home Depot as a trooper they already have.
-- people placed in front of the ruins of the door in a tent and they are open.
And has received shipments and people are frequent demands.
We have had a lot of businesses say they will rebuild and that's -- we're looking for.
And then you want and the -- this can this changes the rental market there as well yeah before.
I'm sure there are lots -- rentals available now on the sending there's.
Five yeah Holmes ran OK zero.
Yes there -- zero home for -- at this point up to about an hour away you can get a rental.
But but people want to stay here because their jobs are here.
Certainly well and they need to keep working that's -- rebuild their lives -- -- cots as our Gateway's decision broke their CEO.
It's fascinating what's happening governor good luck to all of you know.
Thank you so much well from housing to jobs folks to sectors that need a lot of attention.
The president is meeting with his jobs council today at your look at -- -- pictures.
He's looking for advice but but we want to hear from you at home is this president doing an up.
On jobs -- any -- Casone of foxbusiness.com.
Reading your answers about fifteen minutes from now you -- very mobile burns.
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