MHDC Rolls Out Innovative New Program For First-Time Homebuyers Starting January 2009, Missouri Housing Development Commission (MHDC) will have a new product to enable first-time homebuyers to take advantage of the $7,500 federal first-time homebuyer tax credit. This program is the first of its kind in the nation. The federal first-time homebuyer tax credit was […]
Latest Economic and Housing Forecast from National Association of REALTORS
Pending Home Sales Holding In Stable Range WASHINGTON, December 09, 2008 Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the National Association of Realtors®. The Pending Home Sales Index,¹ a forward-looking indicator based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwardly […]
St. Louis Ranks number 3 in the Best Cities To Buy a Home
According to Forbes Magazine financially St Louis ranked number 3 of the 40 largest metropolitan areas based on appreciation, rental levels and vacancy rates. Here are the top ten. 1. Houston 2. Austin, Texas 3. St. Louis 4. Philadelphia 5. San Antonio, Texas 6. Dallas 7. Charlotte, N.C. 8. San Francisco 9. Jacksonville, Fla. 10. Atlanta Forbes magazine Maurna Desmond article
The Risks and Rewards of a Short Sale
A “Short Sale” is when the sale of the property does not net the seller enough funds to pay the full mortgage and the mortgage company discounts the note. These properties are often nearing foreclosure and the mortgage company would rather discount the mortgage than go through the costly and time consuming process to foreclose. […]