Summary and Key Points Here is a summary of the key points from the 2024 Housing Market Forecast Housing experts forecast home prices will continue rising in 2023 and 2024, with increases of 2.8% and 1.5% respectively. This makes buying a home a good investment. Total home sales are also projected to increase slightly in […]
What You Need To Know About Home Price News The National Association of Realtors (NAR) just released its latest Existing Home Sales Report.The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other […]
Exploring the St. Louis Housing Market: Growth and Stability (Chart source is the Zillow Home Value Index (ZHVI) on Twitter by Lance Lambert @NewsLambert)Don’t let your eyes glaze over the chart above. We are going to keep it simple: St.Louis is one of only 4 housing markets with zero minuses (-) in any column across […]
Equity Gains for Today’s Homeowners As a homeowner, it’s important to stay informed about the value of your home. Knowing how much equity you’ve gained over the years can be a great way to plan for the future. Equity is the difference between the current market value of your home and the amount you still […]
What’s Impacting the Price of Homes? If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving […]
Wondering what housing experts are calling for in 2023 and how it impacts your plans? The links at the bottom of this page are the references for this video. Quotables from Industry Leaders While the slowing housing market has some expecting a crash in 2023, next year will likely be more humdrum, albeit still painful […]
If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. […]
What You Need to Know About Sales Price to List Price Ratios There are 3 reasons you as a Buyer need to know what the term Sales Price to List Price Ratio means. This term appears in the column of data in a Comparable Marketing Analysis report (referred to as comps) that Buyers study when […]
If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. […]
With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent […]
Is A Bigger House Within Your Budget? Equity gains are based on the number of years sellers have lived in their home. At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to host all of their […]
St. Louis Housing Report April 2018-Buyers Forced to Act Quickly in a Competitive Market The St. Louis Realtors April 2018 Housing report shows the pressure on buyers trying to find and purchase homes in the midst of growing buyer competition. The median days on market dropped to only 12 days, the lowest point in 2018. […]
3 Key Questions to Ask Before You Buy a Home If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the […]
St Louis Fall Home Buyers Guide 2016 Edition: Things to Consider When Buying a Home Update Here for the 2016 Winter Edition Fall Home Buyers Guide The new St Louis Fall Home Buyers Guide 2016 Edition presents a well-rounded view of buying a home in the Fall. Topics include: 4 Reasons to Buy a Home […]
St Louis Housing Report July 2016 Shows St Louis Remaining Number 2 in Affordability in Top 10 Hottest Housing Markets St Louis Housing Report July 2016 edition shows how St Louis has remained the second-most affordable city in which to purchase a home. In December 2015, St. Louis was ranked No.2 among the hottest real estate […]
Summer 2016 Home Buyers Guide: Things to Consider When Buying a Home Summer Home Buyers Guide The new Summer Home Buyers Guide 2016 Edition presents a well-rounded view of buying a home in the Summer. Topics include: 4 Reasons to Buy a Home this Summer, The Difference Between Cost and Price, Home Prices Over the […]
Spring 2016 Home Buyers Guide: Things to Consider When Buying a Home Spring Home Buyers Guide The new Spring Home Buyers Guide 2016 Edition presents a well-rounded view of buying a home in the Spring. Topics include: The Difference Between Cost and Price, Home Prices Last Year, Where Prices Are Headed Over the Next 5 […]
Why You Should Look for a Home in December If the spring and summer is the peak of the market, winter is the bottom. There are however, 4 reasons you should look for a home in December. Most home sales occur during the months of June, July, and August and there is a reason. Most […]
Spring Home Buying Guide Things to Consider When Buying a Home The newest edition of the Spring Home Buying Guide will give you a well-rounded view of buying a home in the busy Spring season. Dynamics are definitely different from buying a home in the fall or winter. Topics include: The Difference Between Cost and […]
St. Louis School Districts:What Effect Do They Have on the Price of Real Estate? Does a school district’s performance and ratings have an effect on home values? Can a similar house cost more in one area than another? What are people willing to give up to get their child into the best school district they […]
