Ladue Homes for Sale

02/14/2022

Ready to fall in love with a new home? Find the one today!
https://www.stlouisareahomesearch.com/buy/

02/11/2022

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt?

To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize.

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt? To give you the answers you’re searc...

02/10/2022

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list.

1. Demand Is Very Strong This Winter
A recent article in Inman News explains:

“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’”

And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item.

02/08/2022

The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5 percent compared to the previous year as homebuyers rushed to take advantage of historically low mortgage rates. Home sales would’ve been even greater were it not for soaring sales prices and a shortage of homes for sale in many markets, forcing a multitude of buyers to temporarily put their home purchase plans on hold.

New Listings decreased 11.0 percent for Residential homes but increased 5.0 percent for Townhouse/Condo homes. Pending Sales decreased 9.3 percent for Residential homes but increased 16.9 percent for Townhouse/Condo homes. Inventory decreased 26.0 percent for Residential homes and 42.3 percent for Townhouse/Condo homes. Median Sales Price increased 8.0 percent to $243,000 for Residential homes and 10.0 percent to $190,175 for Townhouse/Condo homes. Days on Market decreased 17.5 percent for Residential homes and 4.8 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 30.8 percent for Residential homes and 50.0 percent for Townhouse/Condo homes.

For many buyers, 2022 marks a new opportunity to make their home purchase dreams a reality. But it won’t be without its challenges. Inventory of existing homes was at 910,000 at the start of the new year, the lowest level recorded since 1999, according to the National Association of REALTORS®, and competition remains fierce. Affordability continues to decline, as inflation, soaring sales prices, and surging mortgage interest rates reduce purchasing power. The sudden increase in rates and home prices means buyers are paying significantly more per month compared to this time last year, which may cause sales to slow as more buyers become priced out of the market.

02/04/2022

Your home is most likely worth way more than you would expect... Demand is STILL at record highs and inventory at record lows. Link will get you started to receive a free home valuation. DM for more information about our Selling Your Home FAST!

Find Out If It's Time To Sell Your Home With Our Comprehensive Property Report. Get Yours Now!

02/02/2022

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To give you an idea of how rising mortgage rates impact your purchasing power, see the table below...

https://www.stlouisareahomesearch.com/blog/the-top-indicator-if-you-want-to-know-where-mortgage-rates-are-heading/

02/01/2022

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says:

“. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion of average local wages than renting.”

https://www.stlouisareahomesearch.com/blog/owning-is-more-affordable-than-renting-in-the-majority-of-the-country/

01/31/2022

*Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision.
*Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road.
*Let’s connect so you have expert advice and a trusted professional who will keep your interests top of mind.

01/28/2022

2021 Year-end Review from Missouri REALTORS®
https://youtu.be/J29CGvS_PKQ

01/27/2022

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why...

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply.

01/24/2022

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making an offer. Here’s why...

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre...

01/21/2022

*According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row.
*Real estate tops the list because you’re not just buying a place to call home – you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time.
*Let’s connect today if you’re ready to make real estate your best investment this year!

https://www.stlouisareahomesearch.com/blog/americans-choose-real-estate-as-the-best-investment/