house: Saint Louis Real Estate-Market Watch February 6th, 2010 - 02/08/10 12:35 PM
 The St. Louis Real Estate Market continues to show good signs of activity, both on the buying side as well as the selling side.  We see increases in active listings, homes accepting contracts and pending ratios in almost all price ranges.  Our average pending ratio has increased by over 1%  from last week.
Tax credits are certainly fueling buyers and sellers in the market right now.  Another reason for this activity should be the pending FHA changes coming as we get closer to spring. 
 
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house: Saint Louis Real Estate-Market Watch January 30th, 2010 - 01/31/10 09:32 PM
Obviously, First Time Home Buyer Tax Credits and Move-Up Buyer Tax Credits have played a part in this activity.    Other contributing factors are also the low interest rates,  affordability of homes in our market and of course, for those willing and able to fix up a house or a complete re-hab, there are awesome deals on distressed properties in our market. 
 Also worth noting  is that the U.S. Department of Housing and Urban Development, HUD has recently announced changes to the FHA guidelines which will affect most anyone in the real estate market planning to finance their purchase through FHA.
There are three … (0 comments)

house: St. Louis Real Estate-Market Watch January 2nd, 2010 - 01/04/10 03:16 PM
The St. Louis Home for Sale Team provides a weekly St. Louis County and Bi-weekly St. Charles County Market and Jefferson County Market Watch Report to review and plug into your home buying or selling scenario.  Your questions and comments are welcome!
The St. Louis Real Estate Market this week is in our typical cold weather, winter mode. We are seeing less active listings, less homes accepting contracts, which has dropped the pending ratio somewhat to 11.9 percent.
Even though it's bitter cold right now, we are still experiencing buyer activity, fueled by the extended tax credit and favorable interest rates.  Homes in the … (0 comments)

house: St. Louis Real Estate-Market Watch December 13th, 2009 - 12/14/09 01:06 PM
 The St. Louis Real Estate Market this week heads for the Holidays with activity slowing just a bit.  Buyer activity is still very good, especially in the lower price ranges anywhere from $280,000 and down.  Why $280,000, you ask?
In the St. Louis Metropolitan area, FHA lending limits for single family homes are $281,000, and with a great number of buyers choosing to use FHA lending, it stands to reason that these price ranges will have the most activity.
One item to note is that for the second week in a row, 
 
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house: St. Louis Real Estate-Market Watch December 2009 - 12/07/09 04:06 PM
For a brief look back this year, we took a look at the change in list prices and sales prices for the past six months compared with the some six month time frame last year.  We found that average list prices fluctuated between 1 percent and 3 percent and sales prices fluctuated between 0 percent and 1.7 percent.  The big differences in all price ranges continues to be the number of days that a home stays on the market before it is sold.  Compared to the last six months of last year, days on market fluctuated between 13.6 percent up to 51.3 percent.
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house: St. Louis Real Estate-Market Watch November 30th, 2009 - 11/30/09 02:47 PM
 Our St. Louis Real Estate Market this week is definitely showing signs of Holiday Slow-Down.  Over the past two weeks, we've seen active listings decline by 243 listings and homes accepting contracts have declined by 175.   Due to this decline, our pending ratio has dropped to 12.77 percent as compared to 16.03 percent just two weeks ago. 
Blame the holidays and we think first time homebuyer activity has slowed a bit since the extension has passed.  First Time Homebuyers are not faced with such a small window of opportunity
 
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house: St. Louis Real Estate-Market Watch November 14th, 2009 - 11/15/09 01:29 PM
The St. Louis Real Estate Market this week moves into the bottom half of November with activity at a level much like the past several weeks-steady.  We are seeing a few less listings coming on the market, but our pending numbers (homes accepting contracts) is still very strong. 
Compared to last year at this time,  we are seeing over 200 more homes in the "pending" column with less active listings than last year.  Our average pending ratio this week sits at 16.043 percent compared to last year at 10.27 percent.
We hope to see our pending ratios through
 
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house: St. Louis Real Estate-Market Watch October 31st, 2009 - 11/02/09 07:23 AM
 The St. Louis Real Estate Market this week  is showing some signs of slowing down a bit.  Active listings have dropped by about 5 percent, from 4816 last week to 4568 this week. Every price range from $100,000 up to $350,000 has seen decreases in active listings, homes accepting contracts and pending ratios. 
At this time last year, however, even with over 400 more active listings, we were showing only 527  homes accepting contracts (pending) against  769 homes pending this year at this time.  Our average pending ratio last year at this time was 10.6 percent against a pending ratio of 16.83 … (0 comments)

house: Saint Louis Real Estate-Tax Credit Vote Delayed! - 10/30/09 04:23 PM
After months of speculation, discussion and planning by the legislature and Congress,  the much hoped for vote today on extending the First Time Home Buyers Tax Credit has been delayed by the U.S. Senate.
The U.S. Senate won't vote until next week at the earliest on proposals to extend the tax credit along with a vote on unemployment benefits for the nations jobless.
The Senate's vote was delayed by a Republican demand that a vote be allowed on an amendment to to end the Treasury Department's Troubled Asset Relief Program-TARP-at the end of this year.  You can read more about this … (1 comments)

house: Buying St. Louis Real Estate?? Shopping for a Loan?? Read This First!! - 04/24/07 11:47 AM
Are you planning to buy St. Louis Real Estate and need a mortgage??
We've all seen the advertisements on television, in newspapers, on the radio and many other advertising mediums telling us that you can purchase real estate with a multiple of "creative financing" options:                                                              
 1. No money down; 100% financing 
 2. Below market interest rates
 3. Interest only loans
 4. Adjustable rate loans (Adjustable Rate Mortgage)
 5. Loans in which you, the buyer, can determine your monthly payment.
Over the last several years, these options have been readily available to real estate consumers who are chasing the "American Dream"-Home Ownership. 
 Real Estate consumers with good to excellent credit ( … (0 comments)

 

Art Wagner

Saint Louis, MO

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Keller Williams Realty Southwest

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