finance: St. Louis Real Estate-Market Watch September 5th, 2009
- 09/07/09 05:40 AM
The St. Louis Real Estate Market this week continues with great activity in the lower price ranges, from $100,000 up to $250,000. St. Louis County pending ratios are anywhere from 16 percent up to 21 percent in these price ranges. It's worthy to note that in St. Charles County, the same price ranges are exhibiting pending ratios from 12.7 percent up to a high of 36.5 percent. With a little less than 3 months left before the First Time Homebuyer Tax Credit of $8000.00 expires, buyer
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finance: St. Louis Real Estate Market Watch August 29th, 2009
- 08/29/09 09:04 AM
The past several weeks we have been touting the benefits to First Time Homebuyers and why they should get out there and buy now. Whether you are a first time homebuyer, a repeat buyer, a second home buyer or a seller in this market, there are incentives for you too. If you are buying
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finance: St. Louis Real Estate-Market Watch August 15th, 2009
- 08/16/09 01:09 PM
The St. Louis Real Estate Market this week still has first time homebuyers scrambling to find and buy their first home as the November 30th deadline to close looms near. With Lender disclosure requirements re-vamped and FHA loan funding giant, Taylor, Bean & Whittaker ceasing to do business last week, challenges for first time homebuyers and others seem to be mounting. We mentioned last
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finance: St. Louis Real Estate-Market Watch August 8th, 2009
- 08/10/09 04:51 AM
The St. Louis Real Estate Market continues this week with great activity. The lower price ranges that first time homebuyers typically shop, show an increase in active listings and pending ratios between 16 percent and 18 percent. Buyer activity in these price ranges continues to be strong. Last week, we mentioned that lending requirements have changed recently and that "quick closings" are a thing of the past. Our partners
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finance: St. Louis Real Estate-Market Watch August 1st, 2009
- 08/02/09 02:57 PM
The St. Louis Real Estate Market this week....WAIT A MINUTE!.... IS THIS REALLY the first of August already?? Hard to believe, for me, what with a pile of mulch still in my driveway, a yard only half re-landscaped, and my list of summer "honey-do's" is still a mile long. My good intentions better get moving in the next two months or so! (I hope my wife isn't on our RSS feed!) Ok, back to Real Estate; our market this...
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finance: St. Louis Real Estate-Market Watch June 27th, 2009
- 06/28/09 01:12 PM
The St. Louis Real Estate Market this week seems to have hit a bit of a plateau with active listings. Even so, listings that are accepting contracts and home sales closing are still increasing. That means that inventory should be declining. This is more good news for sellers and this should be an added incentivve to buyers to be ready to make an offer when you find your home. We've said this before, but look this week at inventory levels in the lower price ranges in St. Louis County. From $125,000 up to $249,000, inventory levels
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finance: St. Louis Real Estate-Market Watch June 13th, 2009
- 06/14/09 08:11 AM
The St. Louis Real Estate Market this week continues with great activity and enthusiasm. However, over the last two weeks, a "monkey wrench" of sorts has been thrown into the mix for a lot of homebuyers and current homeowners who are planning to re-finance their mortgage. Mortgage rates for the last two weeks have been going up, and now are at their highest level since Thanksgiving last year. WHOA!! How did this happen, you ask? There are lots of theories out there, from less Federal involvment in the mortgage industry; increased buyer activity has made lenders over-confident of what's really hapening ; … (0 comments)
finance: St. Louis Real Estate-Market Watch June 6th, 2009
- 06/07/09 03:16 PM
The St. Louis Real Estate Market is getting HOTTER by the week! At least in all price ranges below $300,000. Both St. Louis County and St. Charles County are showing pending ratios of at or near 20 percent. When was the last time you saw 1 out of every 5 homes listed accepting contracts within 30-40 days?? In St. Louis County, the pending ratios at or near 20 percent could be seen back as far as January in some price ranges, but we didn't see strong competition
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finance: St. Louis Real Estate-Market Watch May 2nd, 2009
- 05/03/09 04:18 PM
The St. Louis Real Estate Market this week continues with great buyer and seller activity. Active listings, homes accepting contracts and our pending ratios are all fairly consistent with last week's levels. We still continue to see a slight increase in homes being sold, and in some price ranges, we are actually seeing selling prices slighty above the averages from this same time period last year. This year we are beginning
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finance: St. Louis Real Estate-Market Watch April 18th, 2009
- 04/19/09 03:14 PM
The St. Louis Real Estate Market this week shows continued strong buyer activity in the lower price ranges. The higher price ranges, starting at around $350,000 and up are also exhibiting a bit of growth in activity; a bit slower than the lower price ranges, but a hint of some improvement. The time of year has something to do with this, as Spring has usually created an increase of activity, but we are seeing more confidence in the banking industry and mortgage lenders and buyers are becoming more aware of the good values in our local real estate market
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finance: St. Louis Real Estate-Market Watch March 28th, 2009
- 03/29/09 01:28 PM
The St. Louis Real Estate Market this week continues to head into Spring with great activity. Our lower price ranges from $100,000 to $300,000 continue to show activity well above our average pending ratios. Some of these price ranges are approaching 20 percent with their pending ratios. We continue to witness a lot of first time homebuyer
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finance: St. Louis Real Estate-Market Watch March 7th, 2009
- 03/08/09 01:57 PM
The St. Louis Real Estate Market this week is seeing good buyer activity in the lower price ranges, from $100,000 to $300,000. This activity is being spurred by the new first time homebuyer's tax credit of $8000.00. One note that some buyers may not be aware of is that this First Time Homebuyer's Tax Credit is available to anyone, as long as you have not owned a home in the last three years. If you previously owned a home, sold it , or by some unfortunate circumstance lost your home, and are
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finance: St. Louis Real Estate-Market Watch February 28th, 2009
- 03/01/09 02:05 PM
The St. Louis Real Estate Market this week shows a small dip in active listings, but an increase in homes accepting contracts (pending), thus bumping our pending ratio up to 12.89 percent. The majority of this buyer activity continues to be in the price ranges that move our local market; $100,000 up to $300,000. We continue to talk to more first time homebuyers in the market who are spurred on by the first time home buyer credit
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finance: St. Louis Real Estate-Market Watch February 21st, 2009
- 02/22/09 02:27 PM
The St. Louis Real Estate Market this week continues to see active buyers in the market and a small increase in active listings, especially in the prices ranges at $350,000 and below. Our pending ratio has improved a bit as well, pushing just over 12 percent. Our average days on market are still in triple digits, and we are showing 8.3 average months of inventory, which still says that it is definitely a buyer's market. In the lower price ranges, our inventory levels are between 5.8 and 8.6 months, as the price ranges that move the market are continuing
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finance: St. Louis Real Estate-Market Watch January 24th, 2009
- 01/25/09 01:57 PM
St. Louis Real Estate-Peeking Into The Future for our local market will probably look a lot like 2008, but with home prices and values still declining a bit into the second quarter of this year. I know that's not the best news you've heard, but that seems to be the consensus when we look at our current market statistics and read forecasts from Home Builder's Associations, Mortgage Bankers and read reports with a "grain of salt" from economic advisors in Washington. Even thought our local market has been fairly
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finance: St. Louis Real Estate-Market Watch January 3rd, 2009
- 01/03/09 05:09 PM
The St. Louis Real Estate Market this week continues to show stable activity. With the Holidays all around us this past week and a half, our active listing numbers and homes accepting contracts have dropped a bit, but that's to be expected. Our pending ratio, however, has risen slightly, proving that there is still buyer activity in the market. As we start this new year, we expect to see buyer and seller activity increase in the next couple months, driven hopefully by the continued low interest rates and the great values to be had in the market at this time.
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finance: St. Louis Real Estate-Market Watch December 27th, 2008
- 12/28/08 10:44 AM
The St. Louis Real Estate Market this week continues to show good activity, especially in the price ranges of $100,000 up to $300,000. It's not that surprising, as these are the price ranges that keep our market moving. These price ranges are also, co-incidentally, within the FHA financing limits. With FHA financing being many buyers
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finance: St. Louis Real Estate-Market Watch December 6th, 2008
- 12/07/08 06:25 AM
The St. Louis Real Estate Market this week gives evidence as to why sellers ought to stay in the marketplace and why buyers ought to be buying right now. Active listings have dropped by 234 this week, followed by accepted contracts (pendings) only dropping by 10. This has caused our pending ratio to bump up a bit to 10.04 percent. Buyer activity has not declined nearly as much as seller activity. Our average listing price has remained fairly stable for the last several months, while
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finance: St. Louis Real Estate-Market Watch November 8th, 2008
- 11/09/08 08:20 AM
The St. Louis Real Estate Market this week is "getting ready for the holidays". Our pending ratio has risen slightly to 10.65 percent, which reflects about the same number of homes accepting contacts as last week, but with fewer active listings. We are still seeing lower numbers of homes sold this past six months, compared to the same six months last year. Most of the sellers who have let their listings expire are telling us they are ready to take a break until the holidays are over. For the sellers that are still on the market-STAY THERE; Buyer
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finance: St. Louis Real Estate-Market Watch October 18th, 2008
- 10/19/08 11:29 AM
The St. Louis Real Estate Market this week shows a very small increase in activity with a few more homes accepting contracts, coupled with less active listings, which has pushed our pending ratio up to 11.33 percent. Our number of homes sold in the past six months continues to decline with an increase in expired or market rejected listings. The buyers we've talked with this week are still taking "stock", literally of their positions with their investments and how the last several weeks of the stock
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The St. Louis Real Estate Market this week continues with great activity in the lower price ranges, from $100,000 up to $250,000. St. Louis County pending ratios are anywhere from 16 percent up to 21 percent in these price ranges. ;)
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