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By: Dennis Norman Lately the news on the real estate market has been a little more optimistic and almost encouraging at times. Most of the news and stats are national or regional and, as I and others have said many, many times, all real estate is local. So what’s going on in the St. Louis [...] Freddie Mac announced that in the second quarter of 2009, refinancing borrowers overwhelmingly chose fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or fixed. In fact, ninety-nine percent of prime borrowers who originally had a conforming ARM selected a new conforming fixed-rate mortgage when they refinanced. While 30-year fixed-rate mortgages [...] Dennis Norman According to a report issued by First American CoreLogicmore than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, are in a negative equity position. In addition, according to the CoreLogic report, there are an additional 2.5 million mortgaged properties that are approaching negative equity. Negative equity and near negative [...] By: Dennis Norman Terry Peterson, Brokerage Manager, M.O.R.E. We’ll pick up where we left off after parts one and two of this series with our E-View TM with Terry Peterson, the brokerage manager of Missouri Online Real Estate (M.O.R.E.) about selling a home in this market: Dennis- OK Terry, now the $64 question, how [...] By: Dennis Norman Terry Peterson, Brokerage Manager, M.O.R.E. We’ll pick up where we left off in part one of this series with our E-View TM with Terry Peterson, the brokerage manager of Missouri Online Real Estate (M.O.R.E.) about selling a home in this market: Dennis- How should a seller select an agent? What [...] By: Dennis Norman Terry Peterson, Brokerage Manager, M.O.R.E. If you are a homeowner looking to sell your home today I don’t think I need to tell you it could be a challenge. In an effort to address some of the questions you may have about selling your home now as well as provide some [...] |
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