February 2018

Found 4 blog entries for February 2018.

Welcome to another edition of Mark's Market Update. Over the last few weeks we have been discussing 2 key drivers of the real estate market. 1) Interest Rates and 2) Inventory Levels. Good news that interest rates, which had been climbing over the last month, have stabilized this past week. A 30 year loan is approximately 4.5%, which is consistent with last week's rates. We have seen a slight increase in inventory levels, which is great news for buyers and will have little impact on existing homes, as the uptick was only a small percentage. However, some great new homes came on the market this week and we would expect to see multiple contracts and some selling for over asking price. We would expect to continue to see great homes coming on the market

572 Views, 0 Comments

Welcome to another edition of Mark's market update. Two things that have been a common theme over the last couple months have been inventory levels and keeping an eye on interest rates.

Interest rates over the last few weeks have increased 3/4% +, while we have not yet seen inventory levels increase. When evaluating St Louis County, St Charles County, St Louis City and Jefferson County as a whole, it is a clear seller's market with less than 3 1/2 months of inventory. However, as we evaluate each of these markets, Jefferson County is more of a balanced market, and if inventory levels increase will become a buyer's market, with 5 1/2 months of inventory. St. Louis County, of the markets reviewed, has the least amount of inventory and is the most

591 Views, 0 Comments

Welcome to another edition of Mark's Market Update. The ups and downs and ups and downs of the stock market and the impact it has had on consumer confidence and buying. Also interest rates continue to rise and inventory levels remain low. Any questions about buying, selling or investing, don't hesitate to call email or text.

605 Views, 0 Comments

Mark's Market Update.. Listen to Mark's Interview on KMOX 1120 with Mark Reardon on the "Mark Reardon Show” and “Total Information PM”.  The Gellman Team is proud to be endorsed by Mark Reardon.  Mark has first-hand knowledge of how The Gellman Team does business; as he not only is a great friend, but also a client.  He sold a home and bought a home from our team in 2017.  In review, we discussed, buying, selling, preparing your home for sale, inventory levels and other.  If you have any questions about buying, selling or investing, let me know....

1,252 Views, 0 Comments