St. Louis Real Estate-Market Watch September 19th, 2009

Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest Saint Louis , Sunset Hills, Mo.
September 19th, 2009
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 shows increases across the board with more active listings, more homes accepting contracts and pending ratios up from last week. Driving these increases are primarily the lower price ranges where a lot of first time homebuyers are moving full steam, as their window to qualify for the $8000 dollar tax credit is closing, and not too slowly now.

We still hear and see rumblings in the news about the tax credit being extended into next year, but nothing solid yet. The outlook seems to be a bit better, as more “experts” are saying that the tax credit will probably be extended, but at the same level, and hopefully to all buyers next year. We’ll see if they’re right.

In the meantime, our advice to all buyers trying to get those keys before November 30th is that you better have an accepted contract no later than the middle of October. Lenders, Title Companies, Real Estate Offices and any other businesses that compliment real estate are going to busier than a one-armed paper hanger from now until the end of November. Plus, don’t forget at the end of November, there is a four day holiday-THANKSGIVING- that everyone must schedule around.

I know how busy we, and other real estate agents are now, and will be at the end of November; I certainly wouldn’t want to be a loan underwriter or processor at a title company. Those folks will be able to teach a stress management class when this is over.

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.

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This entry was posted on Monday, September 21st, 2009 at 9:28 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.