St Louis Real Estate News

St Louis Real Estate – St Louis Mortgage Rates still low; higher rates coming though?

Robert Fishel — Wed, 10 Mar 2010 18:40:40 +0000

Last Friday’s suprisingly strong payroll figures likely reinforced for many investors that the next time the Fed makes a change to their monetary policy strategy-it will likely to raise short-term interest rates. The actual date of such an event may be months away-but an increasing number of “stronger than expected” economic reports are making it [...] Related posts:

Commercial and Multifamily Mortgage Performance Remains Better Than Other Loans

Dennis Norman — Tue, 09 Mar 2010 14:27:44 +0000

Dennis Norman

The Mortgage Bankers Association (MBA) released its report on the performance of commercial and multifamily mortgages in the fourth quarter of 2009. Their last report from a year ago showed that commercial and multifamily mortgages were among the best performing loans held by banks and thrifts. Now, a year later, the [...] Related posts:

St Louis Real Estate – What happened to property rights?

Dennis Norman — Tue, 09 Mar 2010 06:40:57 +0000

Dennis Norman

This story is part of my ongoing series on how local laws negatively impact the property rights of property owners in the St. Louis area

Unfortunately I don’t have to try too hard to find examples of local laws that seriously impact the rights of property owners in the St. Louis area, particularly those [...] Related posts:

St Louis Real Estate – St Louis Foreclosure Rates Still on the Rise

Dennis Norman — Fri, 05 Mar 2010 13:15:51 +0000

Dennis Norman

St. Louis Mortgage Delinquencies and St. Louis Foreclosure Rate hit Record Highs

A report released by First American CoreLogic showed the St. Louis metro area to have a foreclosure rate in January of 1.42 percent up slightly from December’s rate of 1.36 percent and an increase of 46.39 percent from the year prior when the [...] Related posts:

Pending Home Sales Drop In January; Weather Named as Cause

Dennis Norman — Thu, 04 Mar 2010 17:11:20 +0000

Dennis Norman

Today the National Association of REALTORS released it’s January Pending Home Sales Index showing a decrease of 7.6 percent in the index from December, 2009 to January 2010 (seasonally adjusted) and a 12.3 percent increase from last year.

Here are highlights from the report:

January’’s pending home sales index (seasonally adjusted) was 90.4 (the index is based [...] Related posts:

St Louis Real Estate – Mortgage Rates Hold Steady In the Country’s 8th most affordable city

Robert Fishel — Wed, 03 Mar 2010 21:47:23 +0000

Low foreclosures, stable home prices and affordability make eighth-ranked St. Louis a good bet for home buyers, according to a report released by Forbes.com last Friday. Forbes gathered data from the National Association of Home Builders and Wells Fargo’s Housing Opportunity Index (HOI). The index measures median home prices against median incomes. Additional data overlays included [...] Related posts:

Thinking of “walking away” from your mortgage?

Dennis Norman — Wed, 03 Mar 2010 09:51:14 +0000

Dennis Norman

You may want to consider possible legal issues before deciding to “walk away”

Homeowners who are considering “walking away” from their home to avoid making their mortgage payment need to know that their mortgage company may try to file a lawsuit to recover the amount owed on the home.

In addition, homeowners who sell their [...] Related posts:

Missouri Offers to Pay Property Taxes but Homebuyers not biting

Dennis Norman — Tue, 02 Mar 2010 21:44:44 +0000

Dennis Norman

Back in December I wrote a post about a $35 million economic development initiative that was approved by the Missouri Housing Development Commission which included $15 million to pay the first-year of property taxes for qualified homebuyers who purchase a new or existing home after January 1, 2010. Missouri Treasurer, Clint Zweifel, said he expected this would [...] Related posts:

Appeals Court Rules Builder Incentive did not violate RESPA

Dennis Norman — Mon, 01 Mar 2010 16:45:13 +0000

Dennis Norman

The United States Court of Appeals for the Eleventh Circuit recently consdered an appeal by the plaintiffs of a class action lawsuit again D.R. Horton, Inc. and DHI Mortgage, Co brought by John R. Yeatman and Eleanor E. Yeatman on behalf of themselves and all similarly situated individuals.

The lawsuit stems from the Yeatman’s [...] Related posts:

St Louis Real Estate – Vacant Property Bill and It’s Affect on Property Rights

Dennis Norman — Fri, 26 Feb 2010 20:59:33 +0000

Dennis Norman

What do sex offenders and owners of vacant property have in common?

UPDATE: March 8, 2010 – I found out today the bill that was actually perfected last Friday was a floor substitute…Unfortunately the changes made to the bill were minor- they changed the public data base so that you have to enter a [...] Related posts: