Tagged with St. Louis
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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 [...]
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Upper End Brings on New Broker
Upper End Properties, one of Saint Louis’ rising real estate companies, is excited to announce the addition of one of St. Louis’ rising real estate stars; Joshua R Corson. For the past 10 years, Josh has been primarily engaged in real estate development and consulting. Most notable was his involvement in the development of The [...]
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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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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 [...]
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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.
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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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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 [...]
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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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Increase in Mortgage Bonds Leads to Lower Interest Rates
Last week proved to be another great week for the mortgage bond markets.
30 year conventional bonds increased 69 basis points, 30 year FHA bonds increased 100 basis points and 15 year conventional bonds increased 84 basis points. Overall these bond price increases led to a decrease in mortgage rates of approximately 8 basis points on [...]Categories: Real Estate, Upper End Properties -
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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The Appointed Appraiser…Are You On Board?
Has anyone heard of this “code of conduct” involving real estate appraisals? The one that’s supposed to protect borrowers and lenders from faulty appraisals? Yea that one. Well, needless to say, it’s caused a whole lot of choas in the real estate industry.
“Mortgage brokers, appraisers and real-estate agents are up in arms over the new [...]Categories: Real Estate, Upper End Properties