The St. Louis Real Estate Market this week shows a slight increase in active listings and and increase in homes accepting contracts and sold. This activity has pushed the pending ratio up three quarters of a point to 15.27 percent.
Activity in the lower price ranges still accounts for the majority of our sales, as first time homebuyers scramble to beat the deadline of November 30th. November 30th is the last day a buyer will be able to close on a home and still qualify for the $8000.00 tax credit.
If you are keeping up with the news, nationally and locally, you have undoubtedly
The St. Louis Real Estate Market this week continues with great activity in the lower price ranges, from $100,000 up to $250,000. St. Louis County pending ratios are anywhere from 16 percent up to 21 percent in these price ranges.
It's worthy to note that in St. Charles County, the same price ranges are exhibiting pending ratios from 12.7 percent up to a high of 36.5 percent.
With a little less than 3 months left before the First Time Homebuyer Tax Credit of $8000.00 expires, buyer
The past several weeks we have been touting the benefits to First Time Homebuyers and why they should get out there and buy now. Whether you are a first time homebuyer, a repeat buyer, a second home buyer or a seller in this market, there are incentives for you too.
If you are buying
The St. Louis Real Estate market this week has not showed any signs of slowing down. August usually slows a bit due to hot weather and the beginning of a new school year. This year, we have not seen a typical St. Louis August, or for that matter, we haven't seen a typical St. Louis summer this year. Our summer weather this year is more reminiscent of Wisconsin, Michigan or even Minnesota summers.
This is great house-hunting weather and has definitely contributed to our real estate activity. First Time Homebuyers have also done more than their part to help keep activity high.
We should take note, though, that
The St. Louis Real Estate Market this week still has first time homebuyers scrambling to find and buy their first home as the November 30th deadline to close looms near. With Lender disclosure requirements re-vamped and FHA loan funding giant, Taylor, Bean & Whittaker ceasing to do business last week, challenges for first time homebuyers and others seem to be mounting.
We mentioned last
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