December 2018

Found 1 blog entry for December 2018.

Welcome to another edition of Mark’s Market update. Great news, interest rates down to 4.75% from a high water mark of approximately 5.4% a month ago. This positively impacts buyer's buying power For simplicity purposes, a $2,000 payment per month at 4.75% interest rates approximates a $390,000 home. While at 5.25%, the same $2,000 payment would equate to a $360,000 home. Simply the interest rate going down .5% would increase buying power by approximately $30,000 - which is great for buyers! What is happening in St. Louis and St. Charles County, when reviewing Months of Inventory, Unit Sales and Sales Prices? In St. Louis County, all price points; Months of Inventory has increased Nov 2018 vs Nov 2017 by 8%, Unit Sales decreased 9%, while good news

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