st louis real estate: St. Louis Real Estate - Off Topic - The Tomato Tribute
- 11/14/07 12:01 PM
WOW. . . what a trip, from green on the vine to a ribbon at the fair, the "St. Louis Real Estate" fair, no less. Our blogging experiment started sometime last January with a lot of research on the web that, fortunately for us, found it's way to a blogging zealot named Jim Cronin at the "Real Estate Tomato". My first impression was that he was a fast talking guy with all the answers, I was soon to find out that he was a fast talking guy with all the answers and MORE. The trip was everything that Jim said it would be and … (0 comments)
st louis real estate: St. Louis Real Estate-NOW WHAT!?
- 09/28/07 02:04 PM
St. Louis Real Estate Market Watch September 28th, 2007The Anatomy of St. Louis Real Estate The St. Louis Home for Sale Team provides a weekly St. Louis County and St. Charles County Market Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome! Our St. Louis Real Estate Market seems to be "holding it's own", at least for the month of September. The Pending Ratio (our comparison of number of listings to accepted contracts in the last month) has remained between 12%-13% and the the average list prices have remained fairly stable in all price ranges. Some may say we've hit the bottom in … (0 comments)
st louis real estate: St. Louis Real Estate - Mortgage Insurance News
- 09/27/07 10:11 AM
How quaint! Money down, good credit and some mortgage insurance and YOU could own a home. FHA Mortgage Insurance May Change! by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, Missouri HUD has announced a proposal to change the cost of both upfront and monthly mortgage insurance for purchases and refinances. This change is based upon loan to value and credit score. Their reasoning is that they want to be able to serve more borrowers and keep the opportunity for home ownership accessible to as many as possible. They have imitated a rate system that has been in place in the private mortgage insurance sector … (0 comments)
I quit reading the paper, listening to T.V. and radio broadcasts and perusing magazines - online or hardcopy - when it has anything to do with Real Estate. Especially - ST. LOUIS REAL ESTATE. Why you ask - here's one reason!
Dateline 9/20/2007 - CNNMoney.com - "Most overvalued housing markets" "Latest analysis of 299 markets: See how your hometown ranks." OMG - St. Louis Real Estate is 9% overpriced. Wait hold on there is a red flag and the market is under review. Dateline 9/25/2007 - Business 2.0 - "How to play the real estate … (2 comments)
st louis real estate: St. Louis Real Estate - Market Snapshot - Chesterfield Valley, Missouri
- 09/25/07 12:02 PM
Chesterfield Valley Market Snapshot by Doug Aegerter, Keller Williams Realty Southwest As a complement to our weekly Market Watch Report for the entire St. Louis County Real Estate Market, the St. Louis Home For Sale Team is highlighting an area of St. Louis County each week. This week we are again taking a snapshot of the Chesterfield, Missouri Real Estate Market. Comparing the two reports and taking a quick look at Median Values in all categories it's pretty much status quo with a slight increase in DOM. The "Weekly Snapshot" has been expanded to include, Ranch, Multi Level and Condo, single family residences. The snapshot features … (1 comments)
st louis real estate: St. Louis Real Estate - Mortgage News - Opinion
- 09/24/07 10:59 AM
Licensing for Mortgage Originators? by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon Missouri As a mortgage professional for the last 14 years, I have been against licensing for originators. My logic was purely self serving. If I was doing business in a professional and ethical manner, I didn't want to invest the time and or money into getting licensed. I was licensed in Illinois and when the time came to renew the license, I was too busy to do the little things that were required for me to keep my license. So now that you know why I WAS against it, let's … (1 comments)
st louis real estate: St. Louis Real Estate-Buck the Trend-Buy a House!
- 09/22/07 11:34 AM
St. Louis Real Estate Market Watch September 22th, 2007The Anatomy of St. Louis Real Estate The St. Louis Home for Sale Team provides a weekly St. Louis County and St. Charles County Market Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome! St. Louis Real Estate's annual Fall trends are proving themselves accurate again this year. We are seeing the pending ratios (homes with accepted contracts) in almost every price range dropping again. This week there are actually a few more homes on the market, but with the buyer pool shrinking slightly, we are only seeing 1 in 8 homes with … (0 comments)
st louis real estate: St. Louis Real Estate - Building Inspection Notes - Decks
- 09/22/07 03:43 AM
Humpty Dumpty sat on his new deck, OPPS! RESIDENTIAL DECKS by Harry Morrell, ASHI Certified Inspector Residential wood decks that are attached to the house are popular in today's housing market. The decks add to the value of the house and is a great way for homeowners to relax and entertain. Deck construction on new homes usually are not a concern and most always, wink,wink have been constructed under a building permit obtained by the General Contractor from local authorities. Decks on older homes should be inspected carefully, especially if no documentation exists on who built the deck, and if the deck was not constructed under … (0 comments)
st louis real estate: St. Louis Real Estate - Consumer Alert!
- 09/19/07 01:41 PM
Really want to buy a home but you're credit rating isn't rebounding fast enough. Help may be found here! Evolution of Credit by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, Missouri I had a very interesting meeting today with a gentleman who runs a company called Evolution Credit, http://www.evolutioncredit.com/. He has started this company with the thought of helping people fight the collection agencies of the world that destroy peoples credit, most of the time without the people even knowing that this is going on. The story is best told by him, but I can surmise that at a young age he attempted … (0 comments)
st louis real estate: St. Louis Real Estate - St. Louis Mortgage News (Part Two)
- 09/18/07 08:57 AM
If your Buying or Selling St. Louis Real Estate you better pay close attention to this advice! Federal Reserve Throws A Punch At Housing Slump by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, Missouri Well when Federal Reserve Chief Bernake took his first swing it was a big one. As previously written a .50% rate cut was not the consensus of the Fed watchers. Now we have the cut and we have to see how the markets react. Initially the Dow took off, but the bonds were slow to follow. At this time the mortgage backed securities are up 13/32 on the day … (0 comments)
With great anticipation the financial markets await the results of tomorrows meeting of the Federal Reserve Board and their plans on guiding our economy. As of this moment, most of the prognosticators believe the Fed will lower short term interest rates by .25%, to a rate of 5% from 5.25%. Some believe that they will lower them a full .50% to 4.75% and others, a small group believe the Fed will do nothing. But the bigger question that you, my readers have is; what … (0 comments)
st louis real estate: St. Louis Real Estate - HUD - What's the delay?
- 09/08/07 06:49 AM
What's the Delay? by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, Missouri Here we are, one week after the announcement by the President to try to help homeowners who are struggling (Fox News), yet not one investor, i.e., Chase, GMAC, Countrywide, Citi Mortgage, or any of the other major national mortgage banks is ready to start selling these loans. Who is going to step up to the plate to start rescuing homeowners?
Right here in St. Louis there are over 600 properties in St. Louis City and County that are for sale from foreclosure. That number has tripled in the last 6 months. We … (2 comments)
st louis real estate: St. Louis Real Estate - Hey St. Louis Home Buyers Wake UP
- 09/02/07 12:16 PM
Guess who is living in the 6th most affordable real estate market in the country? YOU ARE, so wake up and quit waiting for a bottom or you'll miss a great opportunity to buy. According to a FORBES.com article " Most Affordable U.S. Real Estate Markets " by Matt Woolsey, St. Louis is the sixth most affordable real estate market in the country. Median home price: $134,400 Median household income: $59,950 Recent affordable home sales: 77.1% "Oh Happy Day" if you're a "relocation buyer" coming here from a place on the "left" or "right" coast or some other "nutso" boom city. You're in for a treat. The St. Louis Metro … (0 comments)
st louis real estate: St. Louis Real Estate - Radon Testing A-B-C's
- 08/30/07 05:11 AM
RADON TESTING by Harry Morrell, ASHI Certified Inspector, #203651 Radon Testing and presence should be a concern to both home owners listing their home for sale and home buyers making a purchase. As for sellers, getting ready to list their home, Radon Testing, should be included with a full building inspection and termite inspection, when your inspector provides you with a pre-listing inspection. If these three roadblocks are addressed before listing your house, it is highly likely that the transaction will go through smoothly. It is also recommended that home buyers obtain a Radon test with their full building inspection and termite … (1 comments)
st louis real estate: St. Louis Real Estate - Turn Hundreds of Dollars into Thousands in Profit!
- 08/29/07 06:36 AM
St. Louis Real Estate Home Staging expert and Interior Designer Natalie Pinson puts in her two cents about "How hundreds of dollars can translate to thousands in profit." Does this sound familiar? It's been years since you've updated and now you're moving on to the next phase of life...you're selling your home. All of a sudden, what you've been living with seems unacceptable to a potential buyer. You notice some big changes that need to be made, and little ones too. But where to start?? Enter the Home Staging expert. Real Estate Staging is the new interior design initiative quickly gaining popularity among … (1 comments)
st louis real estate: St. Louis Real Estate-A Great Time to Buy
- 08/25/07 09:41 AM
St. Louis Real Estate Market Watch August 25, 2007The Anatomy of St. Louis Real Estate The St. Louis Home for Sale Team provides a weekly St. Louis County and St. Charles County Market Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome! This week's St. Louis County and St. Charles County Market Watches look a lot like last week's. There are small fluctuations in the numbers, but the over-all averages in all categories are fairly constant. One note though; our average month's inventory numbers are above 7 months of inventory. This is due mostly to the higher priced … (0 comments)
st louis real estate: St. Louis Real Estate - What the Hell Happened to the Mortgage Industry?
- 08/18/07 08:00 AM
Everybody out of the pool! The St. Louis Real Estate Buyer pool that is. When the mortgage industry finishes shaking out, the pool of qualified buyers will certainly look different than it has for a lot of years. Sellers better start putting the pencil to the paper and re-doing their home value calculation to get the pricing correct. There is mounting pressure to shrink the "buyer pool" and it's working!
What the Hell Happened? by Chris Scheer, First Integrity Mortgage As the dust of the collapse of the 10th largest mortgage company in the United States starts to settle http://money.cnn.com/2007/08/03/news/companies/american_home.reut/index.htm the mortgage industry is … (1 comments)
st louis real estate: St. Louis Real Estate - Take the Mortgage Fitness Test!
- 08/15/07 12:24 PM
Here is a great idea if your St. Louis Real Estate is financed with a home mortgage. Take the Mortgage Fitness Test! When was the last time you had a "Mortgage Fitness Checkup?" by Chris Scheer For most people, their house is the single largest investment that they will ever make. In most cases it is also the single largest amount of money they will ever borrow. In addition to that, each and every day they are bombarded with advertising from companies trying to get them to refinance their first mortgage, second mortgage and in some cases even a third mortgage. Why is … (0 comments)
st louis real estate: St. Louis Real Estate - This is one Oops you can't make!
- 08/14/07 12:53 PM
When you're selling St. Louis Real Estate, what's the biggest mistake you can make? It's the price! Today, more than ever, getting it right from the beginning is the key to getting it done. Here's a summary from our newest contributer Jim Croak, an appraiser with A&C Appraisal. Continue Reading … (0 comments)
st louis real estate: St. Louis Real Estate-Market Watch for August 4, 2007
- 08/04/07 07:46 AM
St. Louis Real Estate Market Watch August 4, 2007The Anatomy of St. Louis Real Estate The St. Louis Home for Sale Team provides a weekly St. Louis County and St. Charles County Market Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome! St. Louis Real Estate in the Dog Days of summer! The heat is back again, and combined with last minute summer vacations for a lot of families, we see the listing and buying activity slowing slightly. Total listings were down from last week's total of 6321 to 6228 this week. Our average pending ratio is down … (0 comments)
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To help people stay well informed about trends in the St. Louis area real estate market. Daily updates include news, views and topical issues. Please post your comments, thoughts and ideas. We'd love to hear from you.
WOW. . . what a trip, from green on the vine to a ribbon at the fair, the "St. Louis Real Estate" fair, no less.;)
;)
