April 23rd, 2011 11:37 AM by Michael Leeker
When will home values increase and how to time buying a home in St. Louis?These are tough questions but there are things we know for sure, you can't time the bottom and interest rates are the lowest in over 20 years!
Remember that the price of a home is only one consideration, the "cost" of the home is another. So, when rates are down, the long term cost is lower and this creates a better buying opportunity.
According to a recent study by the NAR "National Association of Realtors" and MacroMarketsLLC, experts think that home prices will start rising in the second half of 2011 and will reach a cumulative appreciation rate of more than 10% between now and 2015.
I have seen a huge upswing in activity in the St. Louis market over the past 30 days. This, hopefully, is a sign that buyers and sellers are gaining confidence.
Of course, St Louis and St. Louis County have many great attributes. Great Schools, great sports and just a great place to raise a family. I have many homes for sale in St. Louis right now, and many more coming on the market. Call any time if you would like to sit down and discuss your real estate needs or relocation plans.
Buying or selling is St. Louis, I can help. 314-435-4040