The St. Louis Real Estate Market this week continues to hold steady without any major ups or downs. Our active listings have increased a bit, along with the number of homes accepting contracts which drives our pending ratio up to 17.46 percent. With an average of 5.7 months of inventory, we are
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05/25/2008
Someone Finally Heard the Message! by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, MO Stop the presses! After attempting to brand myself as "Your Residential Lending Expert" for over the past 2 years, one of my past clients has finally heard the message. Dave Simons who hosts t
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05/19/2008
The St. Louis Real Estate Market this week is exhibiting more signs of improvement as active listings are increasing and accepted contracts increasing. These events have pushed the pending ratios up in most price ranges, with the average pending ratio better than 2 percent higher than two weeks
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05/18/2008
Declining Markets Part 2 by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, MO So what defines a "Declining Market?" Some investors have taken their large paintbrush out and if an area; county, city or zip code has seen their average sales price drop in the last quarter; they are c
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05/13/2008
Hey, it's MOTHERS DAY, Art's out of town, and mom's on a dial up. Check back Tuesday for your copy of the market report. Meanwhile, be nice to your mom.
05/11/2008
Lock and Load! by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon MO Well the Federal Reserve has lowered short term interest rates once again and if you believe the written statement coming out of the meeting, they are finished lowering interest rates. The "inflation" boogeyman is
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05/10/2008
Declining Markets by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, MO As the foreclosures and short sales begin to take effect on the housing market one of the single biggest changes that is occurring is the dreaded "Declining Market" label attached to a property in the appraisal
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05/10/2008
NEW CONSTRUCTION INSPECTIONS by Harry Morrell ASHI Certified Inspector, Allied Building Inspection For those buyers that are considering a new home purchase and believe the home inspection should be waived just because it is a new home, BEWARE. There are many circumstances to consider when buying
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05/09/2008
The St. Louis Real Estate Market this week shows a small gain in active listings, with fewer homes accepting contracts, thus our pending ratio has declined back to almost 15 percent from last week's 16.16 percent. Not to worry-so far. This is the time of year that we should be seeing more than m
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05/04/2008
Interior Walls...Color Them Cozy! by Sue Rector ASP Stager, HomeStaging Innovations, LLCAs an ASP (Accredited Staging Professional) Home Stager, I am asked frequently at Staging Consultations....Do you think we need to repaint?...and...What color should we use?In terms of dollars, painting is a c
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04/30/2008
