Upper End Category
-
Economy Slow to Improve
Bonds and mortgage backed securities had a rocky week last week ending with a hammering on Friday believed to be caused by Bernanke’s comments that the economy continues to improve although it is happening very slowly. Bernanke also indicated that the Fed is ready to step in with more quantitative easing if necessary. Some experts [...]
-
Trouble for the Housing Market
The treasury will be borrowing about $102 billion worth of 2 yr, 5 yr and 7 yr notes or roughly $2 billion less than it borrowed last month. July existing home sales are due out and are expected to be down roughly 13% while new homes sales are actually expected to have increased 3%. Existing [...]
-
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 [...]
-
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 [...]
-
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 [...]
-
Is Leasing on The Rise?
Buy or Lease is a question that is tossed round often when it comes to making a decision on a major purchase, like buying a car or even a house. What is the biggest advantage of buying over leasing? Ownership… Everyone wants this at some point in their lives. Being able to call something your [...]
-
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 [...]
-
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 [...] -
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 [...]
-
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 [...]
-
Aboard the World
WOW, a different way of life to say the least. This might be one of the most unique lifestyles I have ever seen. Imagine buying a condo in which you can do all of your daily routine, but be able to see the world while doing it. This Cruiser offers everything a retirement community has [...]
-
Come Celebrate The Summer With Upper End Properties!
We are excited to announce our Summer Event at one of Saint Louis’s most exclusive condo developments, The Crescent in Clayton. This property is like no other in Saint Louis. The finishes are all very high end, and each unit is extremely unique. They have done an amazing job of creating a community which suits [...]
-
Thinking About a Place to Retire…?
We normally stay local and will continue to do so with our content, but I couldn’t pass up the opportunity to share what I thought to be very important information for people considering a second home. If you are getting ready to retire and thinking about a retirement spot when those cold summers hit in [...]
-
The $8000 tax credit is over…Did it work??? The proof is in the Housing Statistics…..
It is over, the Government gift for all of you first time homebuyers as we know it, has come to an end. Did you take advantage of it? Did you miss out? I am curious to know if those of you that did take advantage are putting the money in the stock market, your home, [...]
Categories: Upper End, Upper End Properties -
The Tax Credit Comes to an End…
It feels like just yesterday we were posting one of our first blog articles about the implementation of a tax credit for new and existing home buyers. Fast forward three months and we’re here to announce that the tax credit is officially coming to an end in less than a month. Is there still time [...]