Congratulations to the Harris family on the sale of their mother's condo.
It was a pleasure to work with you. We wish you many happy years ahead.
5375 N. Kenrick Parke Dr, Webster Groves, MO
Thank you for trusting our team to get this condo sold.
According to National Association of Realtors President, Charles McMillan, "With the drop in interest rates, a median-income family can afford a home costing $20,000 more than a year ago for the same monthly mortgage payment."
Our interest rates are at all time historic lows. Some buyers don't understand how this benefits them, so I wanted to show you a real life example.
Let's say you wanted to purchase a new house, and the amount of money you would borrow for a mortgage is $200,000.
If your interest rate were 8.5%, your principal and interest payment would be $1,538.
If your interest rate were 6.5%, your principal and interest payment would be $1,264.
If your interest rate were 4.5%, your principal and interest payment would be $1,013.
As you can see, interest rate can make a more than $500 a month difference in reduction of yourmonthly payment at today's low rates. Will you be one of the wise people to seize the opportunity of today's market?
The US Government recently unveiled a website to inform struggling home owners of the government resources available to them. Home owners can find out answers like:
Can I refinance my house?
How do I request a loan modification?
Where do I go for help?
Do I qualify?
What lenders are participating?
Where can I apply?
How do I know if refinancing will improve my ability to stay in my home?
Get answers to these and other questions at
Affordability, low rates, desire to buy provide home for the US Housing Market. Housing affordability now stands at its best level since 1971. This greater affordability helped boost home sales in February. Especially strong was the activity attributed to first-time buyers, who represented half of all home purchasers this month. The $8,000 tax credit helped move many of these first time buyers out of rentals and into their own homes.
Housing statistics for January 2009 are now available!
The following chart displays the average prices, homes sold and median prices from 2007 to the present. The second page displays statistics on resale (existing) homes for the St. Louis Area. Please view the link below:
SOLD!
7542 Murdoch Ave. - Located in Shrewsbury
We helped Tim and Christine sell this house in only 19 days! Congratulations!
Welcome to the neighborhood Jeff and Jennifer!
I wanted to share with you the market statistics of Webster Groves. Right now there are 57 3+ bed 2+ bath homes for sale from $309,900 to $1,470,000. The average asking price of these homes is $488,534 or $178.86 per square foot. There are currently 11 under contract from $309,900 to $899,900 and they average $168 per square foot and an average asking price of $469,113. In the past 4 months, 47 have sold for an average of sold price of $502,595 which had an average asking price of $523,188 at the time they went under contract. They sold for an average of $180.43 a square foot and for 96.06% of the asking price in 77 days on the market. I hope this helps give you an idea of the buying power you have in Webster.
