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These real estate tips are brought to you by Berkley Land & Kendra Downs with Prudential
Alliance Realtors.
The housing market is facing a different obstacle these days. As buyers continue to enter the
market at a steadily increasing rate, the number of available homes is continuing to
shrink. If you've been sitting on the sidelines, it may be time you get in on the action.
Right now, if there were no new listings, all the homes on the market would sell in
just over four months. That's the shortest time frame since 2005.
The other factor fueling the market is record low interest rates. The average rate for a
30-year fixed mortgaged hovered around five percent in 2010, but today it is just 3.56%
While record-low interest rates are certainly appealing, is it really that simple to get
a loan?
If you've got a good payment history, and if you've got a steady job and have been responsible
with your finances and aren't putting yourself in over your head, it's a great time to buy
a house and a great time to get a loan.
Focusing on St. Louis news, numbers from 2012 are in, and the housing recovery includes
the Gateway City.
The St. Louis housing market turned an important corner in 2012. According to a widely followed
federal index, prices here rose for the first time in three years and posted their biggest
annual gain since 2003.
Sounds like right now is a great time to enter the housing market, so contact Berkley Land
and Kendra Downs with Prudential Alliance, Realtors. Visit BerksLand.com to view all
of our wonderful listings, or call us at 314-872-6716 to speak with one of our full service agents.