With only 17 session days to go, the Missouri Legislature is considering changes to the Low-Income Housing Tax Credit (LIHTC) program that would damage its effectiveness as a tool to facilitate much needed affordable housing development in Missouri. The Missouri REALTORS are supporting the passage of House Bill 665 that makes some changes and … [Read more...]
Gen Z Is Already Saving for a Home
Get ready for Gen Z. People between the ages of 18 and 23 are eager to become homeowners, and many are already setting aside money for a down payment. More than half of Gen Zers surveyed said they are saving for a home, and 59 percent say they plan to buy a home within the next five years--before they reach the age of 30 according to a recent … [Read more...]
What Buyers Most Want From You
The biggest benefit of using a real estate agent during buyers' home search was the help they provided understanding the process, with young home shoppers ranking that benefit particularly high. Also, buyers appreciated agents who pointed out unnoticed features and faults with the property. These were just some of the findings of the 2019 Home … [Read more...]
Six Members of Our St. Charles REALTOR Family Win Local Elections
Six members of our St. Charles REALTORS family won election to local office in the April 2nd elections. Congratulations too: Judy Bateman, St. Peters Board of Aldermen Michelle Walker, Francis Howell School Board Mike Hoehn, Francis Howell School … [Read more...]
Majority of Americans Say Now is a Good Time to Buy
A recent survey shows a growing number of Americans believe now is a good time to purchase a home as the real estate market heads into what is traditionally its busiest season of the year. In the first quarter of 2019, 37 percent of consumers said they "strongly believe" that now is a good time to buy, up from 34 percent in the last quarters of … [Read more...]
Getting a Mortgage Becomes Easier for the Self-Employed
Americans who are self-employed and freelance or contract workers have long had to struggle to qualify for a mortgage compared with those with W-2 forms or pay stubs that lenders can use to verify their incomes. However, mortgage financing giants Freddie Mac and Fannie Mae have recently made changes to an automated system that could help more … [Read more...]
NAR Launches REALTOR Safety Network
The National Association of REALTORS is committed to the safety of our members. Through the REALTOR Safety Network, NAR will deploy REALTOR Safety Alerts via social media when a physical or cyberthreat to REALTORS warrants national attention! CLICK HERE TO READ MORE!! … [Read more...]
Majority of Real Estate Firms Remain Optimistic
NAR's 2019 Profile of Real Estate Firms shows that a vast majority of firms have an optimistic outlook for the industry's future growth. Although expectations have slightly decreased from last year's survey, firms remain confident and expect profits from real estate activities to increase or stay the same over the next year. The biggest … [Read more...]
St. Louis Region Ranks #3 In Low Income Home Ownership
A recent study by Redfin of the 50 largest metros showed that the St. Louis Metro ranked no. 3 in the highest percentage of home ownership among low income households. With a median sales price of $173,000, the St. Louis area has a homeownership rate of 55.5% among those households in the bottom 25 percent of income in the region. Minneapolis … [Read more...]
Dr. Lawrence Yun Speaks to Record Setting Crowd In St. Charles
NAR Chief Economist Dr. Lawrence Yun spoke to a record setting crowd of St. Charles REALTORS and friends at today's Economic Forecast Luncheon. Dr. Yun talked about the growing economy, favorable conditions and concerns to be aware of in the housing market and the economy. Click on the link below to access Dr. Yun's complete presentation. CLICK … [Read more...]
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