St. Louis Real Estate-Market Watch December 27th, 2008

Saint Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
December 27th, 2008
The Anatomy of St. Louis Real Estate

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 continues to show good activity, especially in the price ranges of $100,000 up to $300,000. It’s not that surprising, as these are the price ranges that keep our market moving. These price ranges are also, co-incidentally, within the FHA financing limits.

With FHA financing being many buyers choice of financing these days and interest rates lower than they have been in decades, buyers continue to buy. The buyers in the market this time of year are finding very good value for the dollar and coming away with their “deal of a lifetime”.

As of late, we have talked to many buyers and sellers in the market that have heard and read in the news that since the mortgage industry has been “re-structured” (or whatever you call it) that it is a requirement now to have a 20 percent down payment and excellent credit to buy a home. Everyones individual situation is different, but there are solutions and programs out there that don’t have such staunch requirements. Buyers should talk to more than one lender and get two or three opinions before making a decision. Not all lenders have the same resources for money to lend.

This being our last Market Watch of 2008, all of us at The St. Louis Real Estate Voice hope all of you have a very HAPPY NEW YEAR.

REAL ESTATE AGENTS AND FOR SALE BY OWNERS- Are your listings and / or home sitting on the market too long?? 120 days or more?? We have a program designed to get your listing or FSBO home sold. Real Estate Agents get paid their commission in full. Contact us for more info.

WHO DO YOU KNOW NOW that is challenged with their mortgage payments OR needs to sell for less than their home is worth?? WE CAN HELP!!

WHO DO YOU KNOW that’s thinking of buying or selling a home?

Contact Doug Aegerter or Art Wagner for more information and a FREE Comparative Market Analysis (CMA) of your home or your neighborhood.

Fill out the form below to view the Market Report.

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This entry was posted on Sunday, December 28th, 2008 at 5:39 pm and is filed under St. Louis Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.