The St. Louis Real Estate Market continues to show good signs of activity, both on the buying side as well as the selling side. We see increases in active listings, homes accepting contracts and pending ratios in almost all price ranges. Our average pending ratio has increased by over 1% from last week.
Tax credits are certainly fueling buyers and sellers in the market right now. Another reason for this activity should be the pending FHA changes coming as we get closer to spring.
Obviously, First Time Home Buyer Tax Credits and Move-Up Buyer Tax Credits have played a part in this activity. Other contributing factors are also the low interest rates, affordability of homes in our market and of course, for those willing and able to fix up a house or a complete re-hab, there are awesome deals on distressed properties in our market.
Also worth noting is that the U.S. Department of Housing and Urban Development, HUD has recently announced changes to the FHA guidelines which will affect most anyone in the real estate market planning to finance their purchase through FHA.
There are three major changes
The St. Louis Real Estate Market this week is showing signs of upward movement as the holidays are past us, the cold weather is gone, for now. Active listings are up almost 200 from two weeks ago, as sellers are coming back on the market after the holidays.
Homebuyer activity is still strong, as many have their eye on the April 30 deadline to have an accepted contract, as that will allow them to qualify for the First Time Homebuyer tax credit or the move up buyer tax credit.
The St. Louis Home for Sale Team provides a weekly St. Louis County and Bi-weekly St. Charles County Market and Jefferson County Market Watch Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome!
The St. Louis Real Estate Market this week is in our typical cold weather, winter mode. We are seeing less active listings, less homes accepting contracts, which has dropped the pending ratio somewhat to 11.9 percent.
Even though it's bitter cold right now, we are still experiencing buyer activity, fueled by the extended tax credit and favorable interest rates. Homes in the First Time Homebuyer price ranges continue to get showings. Sellers in the market now should
The St. Louis Real Estate Market this week heads for the Holidays with activity slowing just a bit. Buyer activity is still very good, especially in the lower price ranges anywhere from $280,000 and down. Why $280,000, you ask?
In the St. Louis Metropolitan area, FHA lending limits for single family homes are $281,000, and with a great number of buyers choosing to use FHA lending, it stands to reason that these price ranges will have the most activity.
One item to note is that for the second week in a row,
 |
|
|
Saint Louis Real Estate. Search the entire MLS to find your home, sell a home, virtual tours, St. Louis news and information. Home Buyer's Scouting Report.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2013 ActiveRain Corp. All Rights Reserved
