St. Louis Real Estate
From the monthly archives:
Anyone that isn’t living under a rock knows that real estate sales are down. One of the problems that we’ve had in the real estate market over the last couple of years is a huge oversupply of new construction homes. Builders were having phenomenal sales just a few years ago, and they kept buying up land to [...]
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Every time you turn on the news, the media seems to be talking about the high rate of foreclosures and how the housing market is horrible. What is the difference between a ‘foreclosure filing’ and a ‘bank owned property’? Just about every news report cites the same source for their data, RealtyTrac. However, the way that RealtyTrac [...]
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The next time you are looking for a home, make sure you check and make sure the house isn’t in a flood zone. You might be surprised to discover that there are flood zones throughout the St. Louis area. Our region seems to be peppered with creeks which are often dry except during the spring rains. [...]
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Every week I send all of my clients with home listings a weekly market report to keep them informed on what is happening with their direct competition. As I was putting together the reports this week, it struck me that these reports contradict an incorrect assumption that I hear all the time. In the St. [...]
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As news media continues to focus on the national numbers for foreclosures, they are missing the real local story. Resale home inventory is currently significantly higher than it was at the same time last year in the St. Louis region. What does this mean for you? If you have a home currently on the market, or are thinking [...]
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Common folklore is that most real estate home sales occur in the spring and summer. The reality is that homes are sold every month of the year. My broker Shawn Kelsey, of The Kelsey Group, REALTORS, likes keeping track of statistics. He put together the charts below to demonstrate that there is no reason to wait [...]
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