property: Saint Louis Real Estate-Market Watch February 6th, 2010
- 02/08/10 04:35 AM
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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property: Saint Louis Real Estate-Market Watch January 30th, 2010
- 01/31/10 01:32 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)
property: St. Louis Real Estate-Market Watch January 17th, 2010
- 01/18/10 02:26 PM
The St. Louis Real Estate Market this week is showing signs of upward movement as the holidays are past us, the cold weather is gone, for now. Active listings are up almost 200 from two weeks ago, as sellers are coming back on the market after the holidays. Homebuyer activity is still strong, as many have their eye on the April 30 deadline to have an accepted contract, as that will allow them to qualify for the First Time Homebuyer tax credit or the move up buyer tax credit.
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property: St. Louis Real Estate-Market Watch November 14th, 2009
- 11/15/09 05:29 AM
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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property: St. Louis Real Estate-Market Watch October 24th, 2009
- 10/25/09 03:42 PM
The St. Louis Real Estate Market this week heads towards the end of October with activity very stable. Our average pending ratio continues to move in a positive direction, with more homes accepting contracts and getting sold. Our average listing and selling prices are remaining stable also, with the average list price to sales price percentage still at 96 percent. Inventory still remains at acceptable levels at an average of 5.8 months. In an article published by RISMedia.com, the National Association of Realtors proclaimed that existing home sales bounced
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.
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