Buyer's Market Picking Up

"All Real Estate Is Local" is so relevant in today's market. While the New Home Buyer Tax Credit has revived the long ailing first time buyer market, these buyer's are making more conservative choices than their counterparts in previous years. "I want something that is least likely to drop in value" was what one recent client told me. We were looking in the reasonably stable Holly Hills neighborhood in St. Louis City. Some buyer's are finding more competition in the bidding process. A fact of live in Seller's markets, but something not experienced too often in the past year. Some buyer's, taking the slow road of looking for a few days and waiting to consider the options are finding that all their top choices are already in contract when they re-emerge from the "think tank".

Other neighborhoods aren't as fortunate.