Information in this report covers residential real estate activity in St. Louis City and County combined and is provided by Mid America Regional Information Systems (MARIS). Percent changes are calculated using rounded figures. US existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units,…

Information in this report covers residential real estate activity in St. Louis City and County combined and is provided by Mid America Regional Information Systems (MARIS). Percent changes are calculated using rounded figures. The U.S. housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to…

Based on data from a national housing report, inventory levels are continuing to rise, with a two-month supply currently on the market. This number hasn’t been seen in almost two years, which is good news for buyers. Other encouraging numbers show the housing market is becoming more balanced. For example, the median sales price decreased by…

by Parker Ross, Senior Vice President, Chief Economist, Arch Capital Services LLC, and Leonidas Mourelatos, Director of Real Estate Economics – Issue 3-2022 The U.S. housing market is entering a period of transition that — in the end — will be healthy for its long-term health. While we peg the odds of a recession in the…

School has started, and as vaccination rates rise and America enters a new normal, the U.S. housing market continues along at a frenzied pace, with continued low-interest rates and limited inventory fueling record-high sales prices. We have seen the median existing-home sales price exceed $350,000, a 24 percent increase and the largest year-over-year increase since 1999,…

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. This is proof that NOW is a great time to sell!

Dec 17 2020; by Mortgage News Daily 2020 has safely secured its place in the record books as the year of all-time lows in mortgage rates–one of them anyway.  Several other years have recently boasted as many new instances of record lows, but none have done so with the average 30yr fixed rate under 3%.  When it comes to the…