March 2018

Found 4 blog entries for March 2018.

Welcome to another edition of Mark's Market Update. In advance of the Holiday weekend, we wish you a Happy Passover and Happy Easter!! Finally, a change. A change in the weather, after 2 1/2 weeks of miserable rain. Pools are beginning to open and flowers are beginning to bloom, which we are optimistic, will be the start of the "Spring Season" and inventory will increase. This week we saw an approximate 1% increase in inventory. However, we did see a surprising increase in interest rates to 4.6% and close to 4.7%. If you have questions about the value of your home value (click the below link), if you have other questions about buying, selling or investing (please call, email or text). Thank you and have a fantastic weekend.

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Welcome to Mark's Market Update. CONSISTENCY that is the word for the week. Consistent inventory levels and consistent interest rates. Almost like groundhog day. The biggest change for the week was the decline in the stock market, which may adds to buyer's insecurity about the Real Estate market and may impact down payments. We will have to watch the stock market also. One of the reasons for light inventory is many sellers have confidence their home will sell (if priced right, prepared for sale, and marketed to the highest level), but are worried they will not find the right home, once the sell, as a result of light inventory. This is a legitimate concern and a reason many of our client's are "Double Moving". Although not ideal, it makes the seller

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Welcome to another addition of Mark's Market Update.  March Madness is here and so is the Spring Market.  We have carefully watched interest rates and inventory levels over the last few weeks.  Interest rates for a 30 year conventional are approximately 4.5%, consistent with the past few weeks, but an increase of 1% over the last 6 months; impacting buyer's buying power.  When reviewing overall inventory in St. Louis and St. charles County, units are down 9% over 2017 and 20% over 2016; while average price points have increased 7% over 2017 and increased over 20% over 2016.  Prices up and supply and demand dictating the selling market.  Sellers, it is time to get your homes on the market.  If you have questions about buying, selling, investing or

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Welcome to another edition of Mark's Market Update.  Consistent with the past couple of weeks, interest rates have steadied and inventory levels continue to be low.  As the weather turns and we enter the spring market, we expect inventory to pick up.  Sellers, start getting your home ready by working on the exterior and interior.  Curb appeal is important, with updated landscaping, fresh mulch and flowers.  Pools should be open for the beginning of showings.  Interior updates should include de-cluttering, painting, removing wall paper, new carpet (if current worn) and other "move in ready" updates.  Buyers are still very critical and those homes prepared for sale, are seeing premiums being paid.  If you have any questions about buying, selling,

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