Saint Louis Real Estate-Market Watch September 26th, 2009

Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest Saint Louis , Sunset Hills, Mo.
September 26th, 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 Saint Louis Real Estate Market this week continues to see buyers actively shopping for their first new home. We are also seeing good activity from “move-up” buyers looking for their next home. Some of these “move-up” buyers have recently sold, or are in the process of selling, their current residence to a First Time Home Buyer, and now need to find a another home.

Homes accepting contracts (pending) are increasing somewhat each week, driving our average pending ratio up to 16.32% this week. Pending ratios continue to be well above the 20 percent mark in our lower price ranges.

We continue to hear about the possible extension of the $8000.00 First Time Home-buyers Tax Credit going into next year. With nothing cast in stone, and Congress debating Health Care Reform, it’s still uncertain whether anything will get done about the tax credit.

A recent survey conducted by Zillow and Harris Interactiveasked first time home-buyers how an extension to the tax credit would impact their decision to buy a home. 18 percent said it would be a primary influence, 25 percent said it would be a significant influence and 27 percent said it would have some impact. 31 percent said it would have no impact at all on their buying decision. RisMedia.com has the complete article, where the statistics above were obtained from. Read the complete article, entitled, “The Possible Impact and Real Cost of Extending the First-Time Home-buyer Tax Credit” HERE. This extension could cost the Federal Government 15 Billion dollars.

ALL HOMEOWNERS- Don’t forget the Residential Energy Property Credit. The What??

This is a tax credit available to all homeowners through December 31, 2010 who improve their homes through energy efficient upgrades, such as windows, insulation, roofing, doors, heating and ventilating and AC systems, tankless water heaters, solar power, wind turbines, etc.

Once again, RisMedia.com has a great article detailing more specifics on this tax credit available to ALL homeowners. Read the full article, “Plenty of Stimulus Money Available for Energy Improvements” HERE.

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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