Call to ARMs “Forget the subprime mess. These days adjustable rate mortgages (ARMs) are a good deal,” reports Ashela Ebeling, Financial Reporter for Forbes magazine, especially for certain well-off home buyers looking to purchase or home owners wanting to refinance. Many borrowers who purchased houses with ARMs during the subprime boom got hooked into using […]
Market Perspective
This is a well written article explaining why the news is bad and the market is good. Interestingly the market continues at a pace only slightly off it’s best ever while some analysts would have us believe market conditions are extremely bad. Economy in Focus BY ROBERT FREEDMAN Beneath Market Punditry, Underlying Strength With some 5 percent of subprime mortgage borrowers facing […]
Market Conditions in Perspective
This is an excellent prospective on real estate and investment. The Long View by Lawrence Yun, Vice President, NAR Research “How much have real estate investors lost due to the housing market bust?” That was the (highly loaded) question posed to me recently by a producer of one of the major evening news programs. […]
Weekly Residential Activity Report for St. Louis Metro Real Estate
Newly listed properties and properties back on the market…..1,904* Expired listings, price adjustments, and removed listings…..2,813* Closed sales, under contract firm and contingent…..1,371* Current properties for sale…..30,827* *Numbers obtained through the Mid America Regional Information Systems MLS and represent activity for the past 7 days.