Stephen Flannery III Blog

Is the Rising Price of Homes in US building confidence in St. Louis Real Estate?

As Reported in the St. Louis Post Dispatch
Posted by Michele Carley on May 28, 2013 in No Category
Americans are more confident in the U.S. economy than at any point in the past five years, thanks to surging home values, a brighter job market and record-setting stock prices. Stock averages on Tuesday extended the year's explosive rally. Further gains in consumer confidence could help the economy withstand the effects of higher taxes and federal spending cuts that kicked in this year. Spending by consumers drives about 70 percent of economic growth. Consumer confidence jumped in May to 76.2, the Conference Boa... read more
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University City Home Prices Over the last 12 Months

Posted by Norman Polsky on May 22, 2013 in No Category
Home prices through out the area are changing month by month in the St Louis area . . . by clicking on following link you will be able to see what home prices are doing not only in University City but in every community in  St Louis City and County . . . http://www.coldwellbankerpremier.com/default.cfm/page/marketanalysis/referer/Home Page Market Analysis.htm Most real estate agents can provide you with a more specific analysis of  what your home could be worth. Make sure they provide you with de... read more
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Condo Sales Rise in St. Louis; Will Home Sales Follow?

As Reported in the St. Louis Business Journal
Posted by Michele Carley on May 18, 2013 in No Category
 David Creswell is a young fellow who likes life lively. “I wanted to live downtown, where there’s lots going on,” he said. So, he and his girlfriend Amy are moving into a condo just off Washington Avenue. People like Creswell provide hope in a condo market that’s been stuck in a slump for five years. Prices for single-family homes are generally rising in St. Louis, but the condo price trend is unclear. “The unit sales are strong, but the prices are still flat,” said Bob Bax, broker at Prudential Alliance ... read more
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How Long Should You Stay in Your Home before you Sell

As Reported on Moneying website
Posted by Michele Carley on May 18, 2013 in No Category
 When I first considered buying a house, my entire family got involved. I have the luck of being related to real estate agents, investors, and other experts that are more than happy to give advice about buying a property — even before you ask. The first thing they asked me was exactly how long I expected to stay in the house. Though I didn’t know the exact amount of time, they wanted to make sure that I’d own the house for at least five years. Why’s that? What’s the five year rule for buying a house?  ... read more
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Housing Economy in St. Louis: Short Sales and Foreclosures

As Reported in the St. Louis Business Journal
Posted by Michele Carley on May 18, 2013 in No Category
 Back when the Great Recession began, Cary Schneider lost a wife and a job. Because of that, he lost his house, too. He’s since replaced all three. His is a tale of loss and recovery, both in love and finance. This being a personal finance column, we’ll stick to the money part. Schneider is proof that people can pick themselves up and become homeowners again after foreclosures and short sales. More of that is happening these days. The giant mortgage players — Fannie Mae, Freddie Mac and the Federal Housing ... read more
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