Last week was indeed a mess. Panic to the left of me, panic to the right, bail out, sit tight, . . .!Thought I was going to lose it when I heard about the mortgage re-negotiation plan . . . sounded like a sure fire way to take a 5% problem and turn it into 15% problem overnight. Anybody get excit
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10/13/2008
The St. Louis Real Estate Market this week continues to exhibit an air of caution. Our pending ratio is down under 11 percent, with fewer listings coming on the market and more homes falling into the expired listing column. Our average listing prices and selling prices are holding steady throug
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10/12/2008
"Too weird for words"...that's our financial world right now. As a result, Chicken Little is running wild! And he is providing fuel for every single media outlet in this country. "The sky is falling, the sky is falling..." Well, unless you're willing to live in a bomb shelter that your grandp
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10/12/2008
The St. Louis Real Estate Market this week is seeing 100+ fewer listings than last week and fewer homes accepting contracts. Our pending ratio is better than one percent below last week at 10.89 percent and we are seeing more listings expiring and staying off the market, at least for now. It's n
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10/05/2008
The St. Louis Real Estate Market this week shows more signs of slowing down a bit with fewer active listings, fewer homes accepting contracts and our pending ratio has dropped below 12 percent. Our average list prices have dropped a bit with average sales prices inching upward slightly, thereby
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09/28/2008
The St. Louis Real Estate Market this week continues our September trends with a few less active listings. Buyer activity remains steady, as homes are accepting contracts and our pending ratio is holding above 12 percent so far. The price ranges that tend to keep our market moving; $100,000 thr
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09/21/2008
The St. Louis Real Estate Market this week is pretty much a mirror image of last week, so I won't bore you with reciting numbers-just click on the Market Watch report for this week and read the numbers for yourself. The part of the current Market Watch that bears some discussion is the comparison
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09/14/2008
The St. Louis Real Estate Market this week begins September with fewer active listings and our average pending ratio at 12.29 percent. Our six month survey of closed transactions ( solds) continues to inch upward due to the numbers of homes that accepted contracts a few months ago and are finall
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09/07/2008
The St. Louis Real Estate Market this weeks shows a few more active listings coming on the market and still fewer homes accepting contracts. Thus, our pending ratio has fallen again to 12.37 percent. This past February was the last time we saw a pending ratio under 13 percent. We are starting t
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08/31/2008
The St. Louis Real Estate Market this week shows more signs of inventory shrinking with fewer active listings and our pending ratio dropping to 13.54 percent. This same week in August 2007 we saw 11.5 percent more active listings with 16.7 percent more homes accepting contracts. The pending rati
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08/24/2008