May 2020

Found 3 blog entries for May 2020.

Welcome to another edition of Mark’s Market Update.

Today’s episode from Labadie Missouri, a community established in the mid 1800’s, with the famous Hawthorne Inn. It’s Memorial day today and we want to wish everyone a happy Memorial day weekend and most importantly thank all who served our Country - you’re amazing.

Now what is happening in Real estate? The same story.

• Low interest rates

• It’s a sellers market. We still haven’t seen the bump in inventory like we usually expect by now. In the past, school just let out, there’s a lot of vacations, and a lot of other things preventing sellers from putting there home on the market and buyers being active for the next couple weeks, but this is like no other market!

• We’re seeing a

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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 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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