Uncategorized Category
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How Bad Could it Really Be?
I was at lunch the other day with an executive from one of Saint Louis’s largest publicly held corporations who recently relocated to Saint Louis. We were talking about the economy and how much the landscape has changed in so many different industries. I knew he was eventually going to get around to real estate because that [...]
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HGTV At Upperend???
Recently I began helping a first time homebuyer find a condo in St. Charles. He was ready to move out of the downtown area and make the switch to the suburbs. While the house hunt started out normal, it took a complete 180 when I got a phone call from him that would change the [...]
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The 3 L’s
The first rule of real estate used to be the 3 L’s….Location, Location, and Location. In a declining market such as this we might think about dumping this old phrase and adopting a new first rule comprised of 3 new L’s. In my opinion these would be Listen, Learn, and Let Go.
Listen to the economic [...] -
Economy in Recovery???
At the Federal Open Market Committee Meeting last week, the Fed came about as close as it could to assessing the near future of the nation’s economy as declining by stating “The pace of recovery is likely to be more modest in the near term than had been anticipated.” During the meeting, the Fed indicated [...]
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Mortgage Rates Continue to Drop as Jobs Continue to Disapear
More bad news came for the economy last week. 131K jobs were lost in the month of July even as private jobs showed an increase of 71K. If that pace holds, it could take as long as seven years just to get back the 8.5 mil jobs that have already been lost. Weekly jobless claims [...]
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St. Louis and Leasing are Hot
A lot of people in St. Louis have become real estate investors…a lot of them not by choice. Don’t mistake this as a bad thing.
With the current conditions of the real estate market people have been able to purchase high end properties that they may not have been able to afford in a steady market. [...] -
Unemployment Continues to Fall While New Home Sales Increase
The markets have quite a bit of data to digest this week, headlined by the July employment report that is due to be released on Friday. Early numbers indicate that we can expect a decrease of 87,000 jobs mainly census related and the annual auto manufacturing layoffs caused by the changing of model years. The [...]
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An Uncertain Economy Keeps Mortgage Rates Down
Uncertainty about the pace of the economic recovery pushed mortgage rates down to another record low this week. The economic outlook is for slower than normal economic growth with low inflation, which is favorable for mortgage rates. The risks of a “double dip” recession and deflation also increase demand for relatively safer investments such as [...]
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Mortgage Rates Continue to Hold As New Home Sales are on the Rise
Mortgage rates held relatively steady last week despite an increase of roughly 7 basis points on the 5 year and 10 year treasury notes. A majority of the rate market activity recently has been in treasuries with mortgage rates remaining surprisingly stable. The stock market remains confined to a wide trading range with many large [...]
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Upper End Properties Makes Marketing Move
Upper End Properties would like to welcome Sean Hadley, a Public Relations/Marketing consultant who is the founder of CKC Communications. Sean is well versed with the inner workings of the St. Louis media scene. He is a former network news producer, who also worked for KSDK.
CKC Communications is a public relations and marketing [...] -
Sharing the Wealth: Upper End Properties Charitable Giving Program
At Upper End Properties, we consider our success and the success of the Saint Louis community one in the same. We strive to deliver our best service not only to those who are interesting in the real estate market, but also those who need us the most. Through our charitable giving program, we make donations [...]
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Is Trading Down a Worthy Trade?
With the onslaught of the housing market recession, the age-old retirement strategy of “trading down” has become ineffective. The housing market crash has had a sever effect on high-end homes, causing the difference in price between the upper and middle markets to decrease. If the smaller homes are not really much cheaper, what is the [...]
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Upper End Properties Gets Down and Dirty at Habitat for Humanity
Upper End Properties Gets Down and Dirty at Habitat For Humanity
It was a hot summer day when a crew of 9 from Upper End Properties met at the office at 8am and caravanned to North Saint Louis City to meet the wonderful people of Habitat for Humanity. “I must say I was a little bit [...] -
A Great Day for Ice Cream!
A Great Day For Ice Cream!
Two of Upper End Properties newest agents hosted an Ice Cream Social in the Oak Estates neighborhood in Olivette, Missouri. It was a great day full of ice cream, face painting, hula hooping, bouncing in the bounce house and cooling off in the mister. Upper End Properties Agent Betsy Kerner [...] -
Upper End Property Management
Upper End Property Management
We understand time is money. At Upper End Property Management we will manage your property so that you have more time to do the things that are important to you. We will maximize your investment in your property by making sure that your tenants are screened and your rental property is well [...] -
Nearly 75% of homes are affordable
It’s prime time for house hunters. Nearly anyone with a decent job and a good credit score can afford to buy in their home towns.
More than 72% of American families making the nation’s median income of $63,800 a year, could afford to buy a home during the first three months of 2010, according to a [...] -
What is down the road for homebuyers?
Homeowners and those looking to buy have recently been sharing an optimistic feeling that the worst of the housing market recession is behind us. Common sense beckons the question: how much worse could it possibly get? According to Amy Hoak, the clouds have not cleared quite yet. Though it is important to be optimistic, it [...]
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“How’s Real Estate?”
With the average time a house on the market at 8.6 months, (previous average being about 6 months) many analysts are still wondering if we are headed for another dip. The first tax credit helped the housing markets towards the end of last year, and we believe that as we near that April 30th deadline, for [...]
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The Rise of Real Estate on Television: Is HGTV the new MTV?
A lot of people say TV is bad for the brain. Reading, writing, and working are all much more important, much more educational, and much more fundamental in the development of well-rounded individual. While all of us here at Upper End Properties value the importance of the occasional newspaper, newsletter, or novel, it’s becoming pretty [...]
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