While at it’s best levels since record keeping began the Housing Affordability Index may not be a well known Index. Overview The NATIONAL ASSOCIATION OF REALTORS® affordability index measures whether or not a typical family could qualify for a mortgage loan on a typical home. A typical home is defined as the national median-priced, existing […]
Saint Louis Home Bidding Wars Catch Buyers Off-Guard
Competition for that Dream Home bargain is on the rise. We see it in St Louis Real Estate and now it’s reported nationally that home buyers are paying above list price and bidding against each other in some cases. Chances are when you find a home that appears to be a bargain others will think […]
St Louis MO Metro Housing Market on the Rise
Zillow sites St Louis as a market that is on the rise Markets that Zillow thinks have already bottomed include Boston, Dallas, Denver, Miami, Orlando, Philadelphia, Phoenix, Pittsburgh, St. Louis and Tampa. Zillow is forecasting that Baltimore, Los Angeles and San Jose will bottom this year. National Association of REALTORS has Optimistic Forecast NAR chief […]
Open House Sunday March 11, 1-3 1279 Shroewinds St Charles MO
This home comes with so many up grades for the price you will be amazed! View the photos, school information and More. Then stop by the open house Sunday March 11th from 1-3. Open House: March 11, Sunday 1:00 PM – 3:00 PM Schedule a Showing/Request Info Lease Purchase Homes $100 Down HUD Homes St […]
Home Buying Could Be Less Than Renting in Saint Louis
Recent data from the U.S. Census Bureau and published statistics from Thomson Datastream indicate that rising rents and falling mortgages are tipping the scales towards home ownership. According to Paul Diggle, a housing economist at Capital Economics, the median monthly mortgage payment has fallen to about $700 which is close to a median monthly rent check. […]
Borrowers Get Credit for Renting and Credit Score May Improve
Renters with a good rental payment history could now be rewarded with better credit scores. Last year Experian, one of the three leading credit-reporting companies, added a section to millions of credit reports showing on-time rent payments. Now two other companies, CoreLogic and FICO, have announced new credit reports and scores for 2012 that will […]
Saint Louis Real Estate Sale Price vs. List Price with Number of Days on Market
The Green Bars below represent the percentage of the list price for which the Saint Louis MO Metro properties sold in the respective month. The blue line represents average number of days on market for the properties. Clearly in 2011 the listings that were sold in the summer months generated a sale price closer to the […]
Mortgage Interest Rates Ease to a New Record Low
The Primary Mortgage Market Survey® (PMMS®), showing mortgage rates easing to new all-time record lows for all products covered in the survey helping to keep homebuyer affordability high. The average for the 30-year fixed mortgage rate has been below 4.00 percent for six consecutive weeks. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.89 percent with […]
Marketing your Saint Louis Home and Staging
For many people staging their home is not a consideration when selling. After all if you have a competent REALTOR he or she can provide tips that will help make your home show its best. You simply work with what you have. Others though have property that is vacant or near vacant for a variety […]
HUD Offering $100 Down Payment on Homes in Missouri including Saint Louis
The Denver Homeownership Center is currently offering $100 down payments for all eligible HUD real estate owned (REO) properties. This includes properties and homes in Saint Louis and Missouri, Purchasers must be owner/occupants, utilize FHA insured financing and offer full list price, which is happening in the marketplace anyway. Additionally the FHA 203(k) loan is […]