St Louis Real Estate News

The Five Best Places to Find Foreclosure Bargains

Dennis Norman — Tue, 07 Sep 2010 17:16:07 +0000

Dennis Norman

When I first entered the real estate business in 1979, at the age of 18 which seems so long ago) foreclosures were a mystery to most people and certainly no one looking for a home to live in looked to buy a foreclosure. Homes that were being foreclosed upon were advertised in legal [...] Related posts:

New Rule Proposed to Protect Seniors Obtaining Reverse Mortgages

Dennis Norman — Fri, 03 Sep 2010 15:43:53 +0000

Dennis Norman

Reverse mortgages have become increasingly popular over the past few years with seniors that find themselves with a large amount of equity in their home, but short on cash, or struggling to pay for the upkeep of the home, property taxes, insurance or other living expenses. A reverse mortgage allows people in that [...] Related posts:

Foreclosures in July are 4th highest on record; delinquencies continue to decline

Dennis Norman — Thu, 02 Sep 2010 20:39:17 +0000

Dennis Norman

A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of July 2010 shows that mortgage delinquencies continue to decline however are still at very high levels versus historical norms. At the same time however, foreclosure starts have increased to the fourth highest level on record. [...] Related posts:

Pending home sales rise in July; Down 19 percent from the year before

Dennis Norman — Thu, 02 Sep 2010 15:26:11 +0000

Dennis Norman

After hitting all-time low in June, pending home sales increase 5.2 percent in July

The National Association of REALTORS Pending Home Sales Index for July shows an increase of 5.2 percent in the index in July (seasonally adjusted) which is 19.1 percent below July 2009.

Here are highlights from the report:

July’s pending home sales [...] Related posts:

Carnahan files appeal to stop effort to prevent double taxation in Missouri

Dennis Norman — Wed, 01 Sep 2010 19:13:06 +0000

Dennis Norman

UPDATE 9/03/2010 -Good News! I’m waiting for confirmation from the Secretary of State’s office, but I have been told that the Secretary of State has decided to drop the appeal and allow this issue to move forward to the voters in November! A huge victory for Missouri property owners! – end of update.

Yesterday [...] Related posts:

The Do’s and Don’ts When Financing Your Home; St. Louis Mortgage Watch

Robert Fishel — Wed, 01 Sep 2010 15:48:37 +0000

As the mortgage industry adjusts to new financial regulations, it is more important than ever to ensure that the financing of your new home goes smoothly. Your loan approval is subject to the financial information you provide at the time of your loan approval. Any subsequent [...] Related posts:

Court rules in favor of group working to prevent transfer tax

Dennis Norman — Tue, 31 Aug 2010 20:14:15 +0000

Dennis Norman

Earlier this month I wrote about a set-back in an effort to give Missourian’s a an opportunity in November to prevent the possibility of double taxation by voting to pass a constitutional amendment prohibiting transfer taxes or fees on the transfer of real estate. The effort, which had the full support and backing [...] Related posts:

Dueling Economists: Home Prices Up or Down?

Dennis Norman — Tue, 31 Aug 2010 15:32:55 +0000

Dennis Norman

Naturally, no sooner than I finish writing my post this morning about the Case-Shiller report on home prices in which I actually got to report somewhat “positive” news, my bubble is burst. RadarLogic, another company that has their own home price index that I like, came out with a report saying the [...] Related posts:

Report shows home prices up modestly over last year

Dennis Norman — Tue, 31 Aug 2010 14:57:31 +0000

Dennis Norman

This morning S&P/Case-Shiller Index report for the 2nd quarter of 2010 was released showing that the home prices improved slightly over a year ago in 17 of the 20 Metro Area’s their reports cover.

The Case-Shiller Home Prices Indices showed an increase of 4.4 percent in home prices in 2nd quarter after a decline [...] Related posts:

Homelessness in America

Dennis Norman — Mon, 30 Aug 2010 15:32:27 +0000

Dennis Norman

While many us have been worrying about what is happening to the value of our homes, how to deal with being underwater on a mortgage or even facing the loss of a home, there are many people, families included, in the U.S. whose worry is much more basic….where to find safe shelter for [...] Related posts: