St. Louis homes
The luxury home market in St. Louis, MO, is defined as homes priced about $800,000. Currently in St. Louis County we have 349 homes for sale in this category. Approximately 35 homes are in escrow awaiting closing. In recent months, we have averaged about 23 closings per month.
My current St. Louis Luxury Home Market Overview is available to view.
For more information about the home pictured here, please see 7HolidayLane.com. This custom built ranch is located in Frontenac, MO and boasts over 7000 square feet of living space, 5 bedrooms, 7 bathrooms. The home is three years old.
To search for Luxury Homes in St. Louis, visit my website.
Category : Blog &luxury &Luxury Home Statistics St Louis
http://www.TopStLouisHomes.com
http://www.TopStLouisHomes.com is the perfect place to search for your next St. Louis home. This website has a direct link to the St. Louis MLS, which means searches performed on TopStLouisHomes.com are identical to those that Realtors use when they are looking for you.
You can visit our MLS search tool any time and will not be required to sign in or provide any personal information. However, should you need additional help, call Russell Nolting at 314-267-2636, anytime.
Happy house hunting!!
Category : First Time Homebuyers in St. Louis &Home Buyer and Seller Tips &Moving to/from St. Louis &Real Estate Sales in St. Louis &Relocation to St. Louis
Founded in 1908, the National Association of Realtors (NAR) is North America’s largest trade association. The NAR governs local Multiple Listing Services (MLS) and owns and maintains Realtor.com — a convenient website to find St. Louis real estate listings.
More importantly, the National Association of Realtors works hard to advocate for homebuyers and sellers. The NAR is the third largest donor to political campaigns, donating over $30M since 1990.
Recently, the NAR has been protesting an increase in loan fees by Fannie Mae and Freddie Mac, the two government-back lending institutions that purchase and secure home mortgages.
In an update posted on one of its Web sites Monday, Fannie raised some of the fees it charges to lenders when it buys or guarantees certain types of mortgages. The fees generally are passed on to consumers.
For instance, for a 30-year fixed-rate mortgage to buy a condominium, allowing for initial payments of interest only and with a 20% down payment, a borrower with a credit score of 690 will pay fees totaling 3.25% of the loan amount for mortgages Fannie purchases after April 1, up from 1.25%. This is a significant increase.
The NAR is desperately trying to encourage the financial sector to make home buying more attractive. Through the protest, the NAR hopes that Fannie and Freddie will reconsider this discouraging move.
Click here for more information about how Fannie Mae affects the real estate market in St. Louis.
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Category : First Time Homebuyers in St. Louis &Lenders in St. Louis &Mortgages St. Louis &St. Louis Real Estate Buyers
