Golden Properties Report St Louis MO Area Homes 1st Quarter 2008 Status & Statistics Report

Some Home Sellers and Home Buyers are getting happier! Email request for charts of report regarding 2008 first quarter Home Sales, Status & Statistics of the St. Louis County and St. Louis City home sales! If you would like more details, please indicate specific markets requests by area, school district, type, size, price, or other criteria, etc... whatever, meets your needs.

General Information for 1st Quarter of 2008:
45% Active listings
21% Expired
21% Sold
13% Pending Sale

Basically as many sell as expire their listing period. Keys are right condition, presentation & motivation to get it done. If you haven't had a sale and you meet these criteria you need my help. I will tell you why your home hasn't sold, if you want to get it sold with me. I will be honest with you and get you moving in the right direction with a success strategy.

The list price to sale price and days on the market percentages are below:

0-30 days highest at 96.5% when sold within 25% sold in first 30 days.
31-60 days LP/SP is 95.1 and 30% sold during this period.
61-90 days LP/SP of 93.8 and 14.2% sold.
91-120 days LP/SP of 95% (which could include a price adjustment) and 13.4% sold
120+ days LP/SP 93.7% and 30% (which may include some of the 1/4 listed that became expired listings)

Two closings this week using free money the smart Missouri has available for first time buyer qualifiers. If you are considering buying for the first time or haven't owned a home for awhile, may want to check in & get yours, too... if you fit the target. Call me & I can help you get connected to the biggest MHDC lender in the St Louis MO market. They provide great service and results. Of course, I can help with the home search or connect you to a Realtor that fits your needs.

Statistics from MARIS Rappatoni Multiple Listing System through St. Louis Association of Realtors from January 1, 2008 through March 31, 2008.

Jane Gallagher WPI Golden Properties Direct 314-629-6929

Call me if you want it DONE RIGHT & RIGHT NOW!

Rates Mid 5s Now!

Rates expected to go down, so at mid fives... fed lowered by .75, consumer rates sprung up. Market up rates down and home equity rates down. It can be confusing but still all good!

Today consumer rates down to mid fives again. Get locked quick if you are in the market. Keep you money in your pocket! Remember rates change constantly. Good Luck!

Rates are dropping!...

That's what I am hearing! The feds are cutting again, trying to find solutions & hopefully will have a positive impact on the country. Financing refis are a viable option. I am doing financing through my parent company now and received a note to act NOW!





The word on the street is that Fannie Mae is tightening up. The lenders are all but eliminating standard 100% mortgages that have been a staple in the recent past. FHA will still offer the 97% loan products with more flexibility than conventional. The qualification is going to getting tougher, even for those who have high credit scores, consistent incomes and some equity. All risk takes a hit. There is a risk attached to Home Equity Loans that are adjustable, too. Lenders who have a high home equity portfolios are being seen as higher risk. I am personally projecting rents to increase, even if property values are not increasing the same as they were before. Hello investors!