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St. Louis Real Estate-Market Watch January 31st, 2009

By
Real Estate Agent with Keller Williams Realty St. Louis

The St. Louis Real Estate Market this week continues to show stable buyer activity.  We see about the same number of homes accepting contracts, while our active listings have declined slightly.  Thus, our pending ratios are up a bit to 11.15 percent average. 

First Time homebuyers take note that the "First Time Homebuyer Credit",  or more accurately stated as the "First Time HomeBuyer 15 Year Governmet Loan" program expires on June 30th of this year.  Also,  there are still cities and counties where MDHC (Missouri Housing Development

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