This summer has been busy. This was the busiest Summer season we have had in 5 years! It is still the prime time of year for buying and selling real estate. There are large numbers of homes at below-market prices & the Interest rates are hovering around 3.5% !! The home sale numbers have been increasing every month since June 2011. Now home values are starting to rise nationwide and also in St. Charles.
Rising home values helped 1.3 million homeowners get out from “underwater” in the first half of the year, and a 5% increase would give 2 million equity in their homes.
“Surging home prices this spring and summer, lower levels of inventory, and declining REO sale shares are all contributing to the nascent housing recovery and declining negative equity,” CoreLogic Chief Economist Mark Fleming said in a statement.
If you are thinking about buying and selling a home in St. Charles, working with a Real Estate expert than knows the St. Charles market can really help you. Sandra Meranda specializes in the St. Charles and St. Louis county home markets. Contact me for help with finding or selling your home.
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