St Louis Real Estate market update for November 25, 2011 produced by St Louis REALTOR, MORE, REALTORS. Continue Reading →
|
|||
|
In this tighter credit environment, FHA remains to be a great alternative for buyers with limited resources for a down payment and closing costs or past credit problems. Underwriting guidelines are more lenient than conventional guidelines. Continue Reading → Today’s metro area home sales report from the National Association of REALTORS® shows St. Louis metro area home sales in October increased 7.8 percent from a year ago while St. Louis home prices declined in October 0.8 percent from the year before. I took a little closer look at the St. Louis real estate market, focusing on what I call the five “core” counties; St. Louis, St. Charles, Jefferson, Franklin and the City of St Louis, and found that home sales increased in October 13.5 percent from a year ago, and home prices declined 2.1 percent from the year before. Continue Reading → Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed Continue Reading → As a member of the title industry, I often see buyers decline to purchase a survey on their new home in an effort to save money. This decision may be penny wise but pound foolish! Buyers should understand that unless they purchase a boundary survey (also referred to as a stake survey) they are not receiving coverage from the title company that the house and its improvements are sitting within the boundaries of the property they are purchasing. Continue Reading → Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed Continue Reading → As the mortgage industry continues to adjust to new financial regulations, it is more important than ever to ensure that the financing of your new home goes smoothly. Your loan approval is subject to the financial information you provide at the time of your loan approval. Any subsequent changes in your financial situation before the actual date of closing could jeopardize your loan approval and delay your closing. Continue Reading → The median St. Louis metro home price in third quarter was $131,700, up 2.0 percent from 2nd quarter, but down 2.7 percent from a year ago, according to a report by the National Association of REALTORS. Home prices in the St. Louis metro area fared better during 3rd quarter than the U.S. as a whole which saw prices increase only .2 percent from the prior quarter and were down 4.7 percent from a year ago. Continue Reading → St. Louis home prices have declined at a higher rate in September than the U.S. average. A report released this morning by CoreLogic, one of the nations leading providers of property information shows that U.S. home prices in September declined 4.4 percent from the year before and by 1.1 percent from the month before however, St. Louis home prices (the five-county “core” of St Louis City, St Louis County, St. Charles County, Franklin County and Jefferson County) declined 7.3 percent in September from the month before and were down 8.1 percent from the year before. Continue Reading → Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where Continue Reading → Despite massive loss of value over the last few years, the U.S. housing market has outperformed the stock market since 2000. A report released recently by RadarLogic showed that, over the past decade, the housing market, in spite of all of it’s recent troubles, has still performed better in terms of an investment than other typical investments such as the stock market. Continue Reading → The Fannie Mae National Housing Survey for September shows consumers in the U.S. remain someone pessimistic about home prices, however over two-thirds (68 percent) of American’s surveyed said they thought now was a good time to buy a home and 63 percent said if they were going to move now they would buy a home. Continue Reading → You would think after what we have seen happen in the housing market during the past 5 years, especially in the area of falling home prices, that home buyers today would not have lofty expectations about a home they buy appreciating, but apparently many do. According to a recent survey Zillow, 42 percent of prospective home buyers believe home prices typically appreciate by 7 percent a year. Continue Reading → Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. Continue Reading → The National Association of REALTORS Pending Home Sales Index for September shows a decrease of 4.6 percent in the index from the month before (seasonally adjusted), and a 6.4 percent increase from a year ago. This is the third consecutive month the index has decreased from the month before and, and the year over year numbers continue to show decline in the rate of improvement from last year. Continue Reading → Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for September 2011 showing an increase of 5.7 percent from the month before, and a decrease of 0.9 percent from a year ago. The seasonally-adjusted new home sales rate for September was 313,000 homes, up from an adjusted rate of 296,000 the month before. Unfortunately, even with the increase in the rate of new home sales, the current rate of new home sales is still on track to make 2011 new home sales the lowest since the Commerce Department began keeping track of sales in 1963. Continue Reading → This morning, the S&P/Case-Shiller Index report for August was released showing US home prices increased for the fifth consecutive month. Both the 20-city composite and 10-city composite home price index increased by 0.2 percent from the month before. The 10 city composite home price index was down 3.5 percent from a year ago and the 20-city composite was down 3.8 percent from a year ago. Continue Reading → Between interest rates falling to record lows and home prices falling back to levels from 8 years ago, the housing market is starting to look like a very attractive investment opportunity. Continue Reading → Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. Continue Reading → Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in September were at at a seasonally adjusted-annual rate of 4.91 million units which is a decrease of 3.0 percent from the month before, an increase of 11.3 percent from a year ago and is the second highest rate of home sales since March 2011 when it was 5.09 million. Continue Reading → The last couple of months I have said that, “unless something changes dramatically, 2011 will hit a new record low of new home starts. Well, unfortunately, even though the report for September shows an increase of 1.7 percent in housing starts, the seasonally adjusted annual rate is still at just 425,000 homes and still on track for 2011 to be a record low year for housing starts. Continue Reading → Mortgage interest rates hit an all time low in the past month with 30 year fixed rate mortgages dropping below 4 percent for the first time ever! Over the past couple of weeks, rates have ticked up slightly but are still dirt cheap! So what can you do to make sure you are getting the lowest mortgage rates possible? According to Doug Lebda, Chariman and CEO of LendingTree.com, if borrowers follow the guidelines listed below they can increase their chances of being approved for a mortgage loan at the most desirable interest rate: Continue Reading → Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. Continue Reading → Radar Logic, a company that tracks home prices and publishes a daily market price per foot for homes as well as a source I often tap for housing market data, announced that, in cooperation with CBOE Futures Exchanges, they are introducing housing futures in the form of tradable contracts. These contracts will be based upon “RPX”, Radar Logic’s real estate price metric. Continue Reading → In this tighter credit environment, FHA remains to be a great alternative for buyers with limited resources for a down payment and closing costs or past credit problems. Underwriting guidelines are more lenient than conventional guidelines. Continue Reading → Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. Continue Reading → This morning, Freddie Mac released the results of it’s Primary Mortgage Market Survey revealing that the interest rate on a 30-year fixed rate mortgage averaged 3.94 percent, dropping below 4.0 percent for the first time in history! All I can say is WOW! Continue Reading → That’s right St. Louis! Clear Capital just released it’s monthly Home Data Index™ (HDI), which includes a list of the 15 hottest major real estate markets in the U.S. and St. Louis was on it! Granted, barely, coming in at the number 15 slot, but hey, we were on the list nonetheless! Continue Reading → As far as I’m concerned, the Internet is one of the greatest inventions of all time, and ranks right up there with flush toilets, sliced bread and basketball! For real estate investors, the Internet is the single best property due diligence research tool available. Especially for investors who are located in counties where property tax rolls are online. Continue Reading → Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed Continue Reading → |
   |
||
|
St Louis Real Estate Search® St Louis Home Values St. Louis Real Estate News Contact Us Copyright © 2025 Missouri Online Real Estate, Inc. - All Rights Reserved St Louis Real Estate News is a Trademark of Missouri Online Real Estate, Inc. Missouri Online Real Estate, Inc. 3636 South Geyer Road - Suite 100, St Louis, MO 63127 314-414-6000 - Licensed Real Estate Broker in Missouri The owner and authors this site are providing the information on this web site for general informational purposes only and make no representations, warranties (expressed or implied) or guarantees of any kind whatsoever, as to the accuracy or completeness of any information on this site or of any information found by following any link on this site. Furthermore, the owner and authors of this site will not be liable in any manner whatsoever for any errors or omissions in information on this site, nor for the availability of this information. Additionally the owner and authors of this site will not be liable for for any losses, injuries or damages in any way from the display or use of this information or as the result of following external links displayed on this site, or by responding to advertisements displayed, or contained, on this site
In using this site, users acknowledge and agree that the information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. |
|||