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Tuesday, August 19, 2008
4 Bedroom in Arnold, Mo. Near Defense Mapping
Central A/C
Benton Park Condo near Soulard
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Good News St. Louis Real Estate is Alive and Breathing
Regardless of what the news stattions say, St. Louis Real Estate is not dead nor is it dying.
Positve Quotes about Real Estate
From the National Association of Realtors
Some improvement is projected for existing-home sales in the months ahead, according to the latest forecast by the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 5.3 percent to 89.0.
"The rise in pending home sales was broad-based with all four regions showing gains. This is welcome news because a rise in contract activity is necessary for an overall housing recovery."
Most Americans Not Likely to Experience Significant Decline in Home Values
From Federal Housing Enterprise Oversight
Only four states -- Arizona, California, Florida and Nevada -- have had declines of more than 4 percent in home prices over the past year, according to the house price index of the Office of Federal Housing Enterprise Oversight. Our analysis reveals, unsurprisingly, that foreclosures and home prices have negative effects on each other over time, but this does not imply a vicious cycle of collapsing prices. Our models predict that as foreclosures continue to climb in many states, house prices will remain flat or decline in those states -- but will not collapse.
The Housing Act
Aims to provide relief to homeowners, incentives to buyers, guidance to lenders and oversight to vital government-sponsored entities, such as Fannie Mae and Freddie Mac. Some of the bill's provisions include:
Foreclosure avoidance: Will help an estimated 400,000 homeowners avoid foreclosure by refinancing into 30-year fixed-rate loans backed by the Federal Housing Administration.
Aid for buyers: First-time home buyers who purchase a primary residence between April 9, 2008, and July 1, 2009, will be eligible for a tax credit of $7,500 or 10% of the purchase price, whichever is less. Home buyers who claim the credit will be required to pay it back in equal installments over 15 years, starting in the second year after the home is purchased.
Loan limit: Federal Housing Administration's loan limit is raised in high-cost areas from 95% to 115% of area median home price, up to $625,500.
Neighborhood help: Provides $4 billion in grants for buying and renovatingforeclosed properties in hardest-hit areas.
Mortgage Applications Up 2.8% over Previous Week
From The Mortgage Bankers Association
The volume of mortgage applications filed last week rose slightly, increasing a seasonally adjusted 2.8% compared with the week before, the Mortgage Bankers Association reported. Applications for mortgages to refinance existing home loans rose 4.4% on a week-to-week basis, while mortgage applications for the purchase of a home increased a seasonally adjusted 1.8%
Based on these facts the St. Louis Real Estate market is alive and well. If you are considering a move to the St. Louis Area in the near future contact The Helderle Team
Positve Quotes about Real Estate
From the National Association of Realtors
Some improvement is projected for existing-home sales in the months ahead, according to the latest forecast by the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 5.3 percent to 89.0.
"The rise in pending home sales was broad-based with all four regions showing gains. This is welcome news because a rise in contract activity is necessary for an overall housing recovery."
Most Americans Not Likely to Experience Significant Decline in Home Values
From Federal Housing Enterprise Oversight
Only four states -- Arizona, California, Florida and Nevada -- have had declines of more than 4 percent in home prices over the past year, according to the house price index of the Office of Federal Housing Enterprise Oversight. Our analysis reveals, unsurprisingly, that foreclosures and home prices have negative effects on each other over time, but this does not imply a vicious cycle of collapsing prices. Our models predict that as foreclosures continue to climb in many states, house prices will remain flat or decline in those states -- but will not collapse.
The Housing Act
Aims to provide relief to homeowners, incentives to buyers, guidance to lenders and oversight to vital government-sponsored entities, such as Fannie Mae and Freddie Mac. Some of the bill's provisions include:
Foreclosure avoidance: Will help an estimated 400,000 homeowners avoid foreclosure by refinancing into 30-year fixed-rate loans backed by the Federal Housing Administration.
Aid for buyers: First-time home buyers who purchase a primary residence between April 9, 2008, and July 1, 2009, will be eligible for a tax credit of $7,500 or 10% of the purchase price, whichever is less. Home buyers who claim the credit will be required to pay it back in equal installments over 15 years, starting in the second year after the home is purchased.
Loan limit: Federal Housing Administration's loan limit is raised in high-cost areas from 95% to 115% of area median home price, up to $625,500.
Neighborhood help: Provides $4 billion in grants for buying and renovatingforeclosed properties in hardest-hit areas.
Mortgage Applications Up 2.8% over Previous Week
From The Mortgage Bankers Association
The volume of mortgage applications filed last week rose slightly, increasing a seasonally adjusted 2.8% compared with the week before, the Mortgage Bankers Association reported. Applications for mortgages to refinance existing home loans rose 4.4% on a week-to-week basis, while mortgage applications for the purchase of a home increased a seasonally adjusted 1.8%
Based on these facts the St. Louis Real Estate market is alive and well. If you are considering a move to the St. Louis Area in the near future contact The Helderle Team
Monday, August 18, 2008
Benefits to Owning a Home in St. Louis, Missouri
Freedom
The home is yours to do with what you want. Decorate it the way you want. Express yourself.
Savings
Each payment you make builds equity thus creating a savings account. When you're ready to sell up to $250,000 could be tax free. (Consult your financial professional)
Appreciation
Owning Real Estate offers long term stable growth in value.
Equity
Mortgage payments let you build equity ownership interest in your home
Tax Breaks
The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home
Predictability
Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase
Stability Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity
Considering a move to St. Louis, Mo? Contact The Helderle Team
The home is yours to do with what you want. Decorate it the way you want. Express yourself.
Savings
Each payment you make builds equity thus creating a savings account. When you're ready to sell up to $250,000 could be tax free. (Consult your financial professional)
Appreciation
Owning Real Estate offers long term stable growth in value.
Equity
Mortgage payments let you build equity ownership interest in your home
Tax Breaks
The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home
Predictability
Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase
Stability Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity
Considering a move to St. Louis, Mo? Contact The Helderle Team
Arnold, MO. News You Can Use
Arnold MO is a community just south of St Louis MO
Arnold’s campaign to redevelop itself hss resulted in Arnold, Mo being placed on the TOP 25 most affordable cites as reported by CNN Money
With a wide selection of restaurants, entertainment, shopping and employment. Located on the I-55 corridor it offers easy access to I-44 and I-270. Minutes away from Lambert International Airport and only 20 minutes from Downtown St. Louis, Arnold has become one of St. Louis, Mo. best kept secrets.
With numerous City Parks and a brand new Water Park offering an outside pool, inside pool and a rec center with personal trainers and classes the residents of Arnold, MO flock to this venue throughout the year.
Fox C-6has a number of campus’ including the brand new Seckman Junior High.
If your considering a move to or from Arnold, Mo. contact The H Team today.
Arnold’s campaign to redevelop itself hss resulted in Arnold, Mo being placed on the TOP 25 most affordable cites as reported by CNN Money
With a wide selection of restaurants, entertainment, shopping and employment. Located on the I-55 corridor it offers easy access to I-44 and I-270. Minutes away from Lambert International Airport and only 20 minutes from Downtown St. Louis, Arnold has become one of St. Louis, Mo. best kept secrets.
With numerous City Parks and a brand new Water Park offering an outside pool, inside pool and a rec center with personal trainers and classes the residents of Arnold, MO flock to this venue throughout the year.
Fox C-6has a number of campus’ including the brand new Seckman Junior High.
If your considering a move to or from Arnold, Mo. contact The H Team today.
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