May 2020

Found 2 blog entries for May 2020.

Mark’s Market Update - Interest Rates and Inventory Levels
Welcome to another edition of Mark’s Market Update! Very consistent with last weeks market:

-It is still a sellers market

-significant weakness in inventory

-significant buyer demand

-we’re seeing multiple contracts

-we’re seeing over asking offers

-There is still significant strength in the market

The good news for buyers is that we are expecting an increase in inventory as we work through May and June. Also interest rates are historical lows -

For 2020 interest rates are 3.125% for a 30 year mortgage today. Compared to 2019 it was right under 4% & In 2018 that same loan was almost 4.5% So the buying power today is far more significant than it was just 2 years ago‼️

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Welcome to another edition of Mark’s Market Update.


Its the first week in May, we're getting used to the new norm but the good news is we are seeing some light at the end of the tunnel.

Certainly in the real estate market we are seeing some activity, I'm going to get in to Mark's Market Update but first we have another special guest this week, that I get to see a lot more now that I'm working from home...my daughter Lily!

Back to real estate... We follow 4 Markets, St Louis County and City, St Charles County and Jefferson County. In all four of those markets we've seen prices rise significantly compared to April of 2020 over April of 2019 - even during what's happened in the last month and a half, we've seen significant rise in price

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