Weekly mortgage applications point to a remarkable recovery in homebuying
If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite coronavirus shutdowns and job losses. Mortgage applications to purchase a home rose 6% last week from the previous week,...
Read moreAI Opposes Biden’s Call for More Appraisal Standards
Responding to presidential candidate Joe Biden’s call to “establish a national standard for housing appraisals,” the Appraisal Institute said March 2 that a new standard is “unnecessary … because one already exists.” Full details – click here
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Sales Price & Volume Increase in 2013
Sales Price & Volume Increase in 2013 There is no doubt 2013 was a great year for real estate in the St. Louis Market. We saw increases in both the number of sales and the median sales price while...
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St. Louis County Median Housing Trends
St. Louis County Median Housing Trends This graph represents the reported median home sales price for St. Louis County for 2009 through 2013 to date. To date we are showing an increase in median value of approximately 13% over last...
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Whats ahead this spring, supply is “in balance”
Whats ahead this spring? Supply is “in-balance” Supply in St. Louis County has continually declined and remained relatively stable throughout 2013 with both a median and mode of four months of inventory. Four months is generally recognized as a...
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