Coldwell Banker Gundaker President Jim Dohr says mortgage rates are still relatively low but first-time buyers are still less likely to buy now than in recent years.
A new study from RealtyTrac shows 29 percent of mortgage holders here are underwater. That’s higher than the national average of 26 percent.
RealtyTrac Vice President Daren Blomquist says that while local sales increased nine percent in June over last year, sale prices here decreased by eight percent.
CBS MoneyWatch blogger Ilyce Glink says Zillow ranks St. Louis as the tenth-best metro area in the nation where it makes more sense to rent rather than buy.
Built in 1962, the 5,286-square-foot, three-acre estate in Ladue is listed at $1,795,000. The house has four bedrooms, seven bathrooms, and a pool.
One out of five homes that are purchased across the country are purchased by a single woman.
Homes for sale in the Shaw Neighborhood are nonexistent; the reason, a very popular charter school that people want to enroll their children in.
Planning to sell your home? You may want to wait until 2016 before listing it.
You won’t be surprised that lots of folks are pretty concerned about the 3.8% Real Estate Tax. But you assuredly shouldn’t be.
Consider the elements of home ownership, the personal ones and the financial ones and make your own decision.