St. Louis Real Estate
From the category archives:
For the last 4 years, the number of homes sold in the St. Louis region has been decreasing. Fewer buyers means prices come down. It’s all about supply and demand. When there are a lot of homes on the market for every buyer, sellers are forced to compete for those buyers. The result is that [...]
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The housing market news for the last 5 years can be summarized pretty simply. Housing prices are down. Foreclosures are up. Mortgages are harder to get, but interest rates are at historically low levels. Inman News, an industry publication, just reported good news for a change. While I always caution people when discussing national trends [...]
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While economists debate what will happen with interest rates in the upcoming months, no one can definitively answer the question “Will mortgage rates go down?” What we can do is to look at history and realize that today’s low mortgage rates are the best rates that home buyers have seen in 30 years. Will they [...]
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Over the last few months, I’ve been surprised that our higher priced homes have been selling much more easily than low to moderately priced homes. With about 40% of homes selling to 1st time buyers each year, good starter homes that are priced appropriately are usually easy to sell. Even in a tough market. Last [...]
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Video Highlights: Check back each month for the latest video housing market report. Home buying affordability at a record high Economists are projecting housing shortages later this year Many areas are reporting low inventory and rising demand Prior “This Month in Real estate Video” reports…
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Don’t miss the beginning of this series: Part 1 – St. Louis Sales Trends from 2001-2010 Part 2 – How Many Homes and Condos Failed to Sell? Part 3 – 2010 Home Sales by Price Range Part 4 – 2010 Condo Sales by Price Range How Much Did St. Louis Sellers Reduce their Price to [...]
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