St. Louis Real Estate
From the monthly archives:
Welcome to Arch City Homes After months of planning, my new combined website and blog is up and running. I’ve changed the name…it never occurred to me when I named the old site that I would get so frustrated trying to spell my email address when giving it out over the phone. Hopefully ‘Arch City [...]
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by Kerby Claney Vice President – Stifel Bank & Trust 314-317-6873 email Interest rates just took a big drop this week. If you have been keeping an eye on the market considering a refinance if rates dropped, now is the time to lock in a low rate for a 30 year fixed loan. The mortgage industry [...]
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A few years ago, it was easy for most buyers to borrow 100% of the purchase price of a home. Some borrowers even rolled the closing costs into their loans and borrowed 103%. Today, those loans are gone. The lowest down payment available today is a FHA loan with a minimum of 3% down. FHA [...]
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With the current economic market, I was pleased to hear that the rates charged for the natural gas used to heat Missouri homes will be lower this year. Earlier this year, the Missouri Public Service Commission approved a decrease in Laclede Gas rates. The lower rates are expected to save homeowner’s 2%, approximately $18, on their heating [...]
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This weekend I sold one of my listings in 2 days. A number of factors helped it sell fast including appropriate pricing, updated features and favorable supply & demand levels. However, another big factor in our quick sale is that starter homes are selling at a much higher rate than more expensive homes this year. In [...]
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Yesterday one of my home listings sold with multiple offers. In November. In a down market. In 2 days. Yes, even in a down market, there are homes that sell in in the fall and winter with multiple offers just after coming on the market. We went live in the MLS on Thursday afternoon. On Friday, my [...]
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