By Dennis Norman, on September 15th, 2009 Dennis Norman
Before the sub-prime mortgage implosion Karen Weaver warned of the coming crisis. Karen Weaver, the Global Head of Securitization Research for Deutsche Bank, said last month that she expected home prices to continue to drop through the 1st quarter of 2011. She also predicted that nearly half of the homeowners with mortgages would end up being underwater on their mortgages.
Yesterday Ms. Weaver said that in spite of the recent positive news on the housing market that she had not changed her position and is still predicting home prices to fall another 10 percent before finally reaching Continue Reading →
By Dennis Norman, on August 21st, 2009 Dennis Norman
By: Dennis Norman
The St. Louis housing market is showing some signs of strength with St Louis home sales increasing in July to a seasonally adjusted rate of 21,038 homes, an increase of 6.8 percent from June’s seasonally adjusted rate of 19,691 homes. This increase for the month is very close to the increase in home sales in the U.S. according to the report released today from the National Association of REALTORS(R), existing home sales in July rose 7.2 percent to a seasonally adjusted rate of 5.24 million units up from a level of 4.89 million units Continue Reading →
By Dennis Norman, on August 20th, 2009 Dennis Norman
According to the Housing Market Report that was issued this morning by Radarlogic, home prices increased in June from the previous month in 23 out of the 25 metropolitan areas tracked by their company. St. Louis was among the 23 metros that showed an increase in home prices in June over May.
Overall the composite for all 25 metros showed a 3 percent gain in price from May to June representing one of the largest monthly gains reported by RadarLogic since June 2000. St. Louis home prices increased 2.2 percent over May.
There has been a Continue Reading →
By Dennis Norman, on August 7th, 2009 Dennis Norman
By: Dennis Norman
Earlier this week I did part one , and yesterday part two of my E-View with Carole Baras, CRS, GRI, ePRO, the 2009 President of the St. Louis Association of REALTORS(R) to get her take on the St. Louis real estate market.
Today I’ll pick up where I left off and complete my E-View with Carole:
Carole Baras, 2009 President, St. Louis Association of REALTORS(R)
Dennis – Carole, What do you feel are the best opportunities today for buyers in St. Louis?
Carole – Buyers that are looking to purchase a Continue Reading →
By Dennis Norman, on August 6th, 2009 Dennis Norman
By: Dennis Norman
Yesterday I did part one of my E-View with Carole Baras, CRS, GRI, ePRO, the 2009 President of the St. Louis Association of REALTORS(R) to get her take on the St. Louis real estate market.
Today I’ll pick up where I left off and complete my E-View with Carole:
Carole Baras, 2009 President, St. Louis Association of REALTORS(R)
Dennis – Carole, obviously many things are affecting the real estate market at this time, many in a negative way unfortunately. What negative forces do you see working against the St. Louis real Continue Reading →
By Dennis Norman, on August 5th, 2009 Dennis Norman
By: Dennis Norman
Last month I published my E-View with Karen Vennard, the 2009 President of the St. Charles County Association of REALTORS(R) to get her take on the real estate market in St. Charles County. Now it’s time for the St. Louis side of the Missouri River.
To find out the status of the real estate market in St. Louis County, as well as the City of St. Louis, I turned to Carole Baras, CRS, GRI, ePRO, the 2009 President of the St. Louis Association of REALTORS(R) to get her take on the market.
Continue Reading →
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