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Author Archives: Kevin Weaks

Prime Real Estate: Interest rates drop while home prices rise

In July, the U.S. economic expansion that began in June 2009 became the longest in the nation’s history, marking 121 straight months of gross domestic product growth since the last recession.  Although the economy should continue to perform well for the rest of 2019, most economists see a mild recession on the horizon, says the St. Louis Association of Realtors. 

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Prime Real Estate: Demand strong for new homes

Falling mortgage rates, strengthening wage growth and slowing house price inflation may have improved affordability, but the supply of housing remains tight according to polling of economists by Reuters news service. This is especially apparent at the entry level and lower-priced end of the housing market.

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2019 promises more listings, stable prices

The median sales price of single-family homes in the St. Louis area was consistently up again in December, likely fueled by a decrease in new listings, according to figures released last week by the St. Louis Association of Realtors. High demand for the few homes for sale usually fuels price increases, but evidence is mounting that inventory will finally improve in 2019, meaning more affordable choices for home buyers. Shopping for a new home? Read on: Fischer & Frichtel offers Vista Series Recognized for innovative design and superior craftsmanship, Fischer & Frichtel’s product lines reflect the ever-changing lifestyles of today’s ...

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