The St. Louis housing market is hot, but there are some potential risks on the horizon.
Here are some of the factors to keep in mind:
Some of these factors are real and likely, while others are quite far-fetched.
Overbuilding and a flood of supply: If there is a sudden increase in the number of homes for sale in St. Louis, it could lead to a drop in real estate prices. This is because ther…
Factors Influencing Mortgage Rates for St. Louis Borrowers
At last glance, the 30-year fixed mortgage was back above 7%, depending on the data source. If you’re a home buyer in St. Louis or anywhere in the US, you might be wondering why these rates are soaring. Prior to late July and early August, the popular loan product could be had for closer to 6.5%. Or even in the high 5% range, if paying…
Buying And Selling All At Once
The easiest way to transition from an old property to a new one is to buy the new one, move, and sell the old one. However, buying a home that way is not always possible if you need the profits from the sale for your down payment, or if you can’t qualify for a new mortgage as long as you’re paying the old one.
If you find a property (in St. Louis or anywhere in…