Everything is finally coming together for Home Buyers.
Prices are down, Interest Rates are down and the Government Incentives are Up!
What a great time to be a Home Buyer. Now is the time to jump into the market with both feet. This fall will be the time. Most real estate forecasters tell us that the market is finally stabilizing and that house prices are pretty close to the lowest they're going to go. That’s the message that should motivate all potential buyers to get serious about finding that new home.
With interest rates down, which may go lower as the government shores up Freddie Mac and Fannie Mae.
With the current levels of Homes on the market at a 12 year high of about 10.5 months of Inventory, sellers are negotiating to get their properties sold.
And first time home buyers (those that haven't owned a home in two years or more) who have been sitting on the fence can get a $7,500 tax credit next April 15 which should be a big enough incentive for them to get going. And even buyers who won’t owe that much in federal income tax will get the money as a refund.
When you take these factors into considering when to jump in, Now is the time. Contact The H Team and create your own password protected MLS search and receive new listings that meet your criteria via e-mail as soon as they become available.
Showing posts with label st louis city. Show all posts
Showing posts with label st louis city. Show all posts
Thursday, September 25, 2008
Wednesday, August 27, 2008
Latest Home Value Trends for the St. Louis Area
According to Zillow's most recent Real Estate Market Report, home values in the U.S. decreased 9.9% in the second quarter of 2008, compared to the second quarter of 2007
Led by Fenton, MO with a loss of 8% and the median home price at $181,000.
Next is Foristell showing a 7.1% decrease and the median price at $254,000.
Additional St. Louis, Missouri cities;
Valley Park Down 5.9% Median Price $176,000
Eureka Down 5.8% Median Price $223,000
Ballwin Down 5.5% Median Price $224,000
Maryland Hgts. Down 5.1% Median Price $158,000
St. Louis City Down 4.4% Median Price $143,000
Webster Groves Down 4.0% Median Price $235,000
Manchester Down 4.0% Median Price $208,000
Chesterfield Down 2.7% Median Price $353,000
St. Charles Down 2.3% Median Price $187,000
St. Peters Down 2.2% Median Price $168,000
O'Fallon Down 1.2% Median Price $205,000
While most home owners are in denial, this REPORT proves it's true:
According to Zillows just-released Q2 Homeowner Confidence Survey, 62% of U.S. homeowners believe their home's value has increased or stayed the same in the past year. Surveying 1300 home owners Zillow In reality, 77% of U.S. homes have declined in value over the past 12 months!
Although some news in the last few days has shown promise, I think we have a little ways to go before the market begins to start showing gains.
Led by Fenton, MO with a loss of 8% and the median home price at $181,000.
Next is Foristell showing a 7.1% decrease and the median price at $254,000.
Additional St. Louis, Missouri cities;
Valley Park Down 5.9% Median Price $176,000
Eureka Down 5.8% Median Price $223,000
Ballwin Down 5.5% Median Price $224,000
Maryland Hgts. Down 5.1% Median Price $158,000
St. Louis City Down 4.4% Median Price $143,000
Webster Groves Down 4.0% Median Price $235,000
Manchester Down 4.0% Median Price $208,000
Chesterfield Down 2.7% Median Price $353,000
St. Charles Down 2.3% Median Price $187,000
St. Peters Down 2.2% Median Price $168,000
O'Fallon Down 1.2% Median Price $205,000
While most home owners are in denial, this REPORT proves it's true:
According to Zillows just-released Q2 Homeowner Confidence Survey, 62% of U.S. homeowners believe their home's value has increased or stayed the same in the past year. Surveying 1300 home owners Zillow In reality, 77% of U.S. homes have declined in value over the past 12 months!
Although some news in the last few days has shown promise, I think we have a little ways to go before the market begins to start showing gains.
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