father time auctions and real estate st louis mo: Sidelined Homebuyers Are Preparing to Enter the Market Reports Survey - 07/19/10 11:07 AM
According to a new survey by Relocation.com, more Americans are positioning themselves to purchase a home in the near future.
The survey found that some families are opting to rent while they research for deals to purchase a more desirable home in their area. There’s no surefire way to determine when these sidelined homebuyers will enter the market, but the survey results were encouraging.
Of the 60 percent of individuals moving into rentals, 24 percent were previous homeowners renting temporarily while they look for a new home to purchase. Underscoring this finding is that for many of these families, foreclosure was not the … (2 comments)

father time auctions and real estate st louis mo: Existing Home Sales Jump - NAR - 05/25/10 03:30 PM
The National Association of Realtors (NAR) reported Monday that sales of previously owned homes rose 7.6 percent in April compared to March, reflecting a surge in activity as buyers sought to close deals ahead of the contract deadline of April 30th for the federal homebuyer tax credit.
Last month’s numbers pushed the annual sales rate to 5.77 million units, up from a 5.36 million sales rate in March. The newly released data far exceeded analysts’ expectations. They were projecting an increase, but somewhere between a 5.60 and 5.65 million-unit sales pace. Last year at this time, the sales rate was on … (0 comments)

father time auctions and real estate st louis mo: Put Good Faith in New RESPA Rules for Clients - 05/16/10 11:45 AM
There has been some debate and confusion across the industry over the new RESPA rules from HUD that took effect Jan. 1 for lenders. While the key players iron out the wrinkles, you can focus on supporting the intent of the guidelines by bringing more clarity and transparency to your clients’ closings.In November 2008, the Department of Housing and Urban Development added the new regulations to the Real Estate Settlement Procedures Act, including new Good Faith Estimate and HUD-1 forms, along with rules and timelines for their use. You may have noticed that some lenders implemented them last year. As of … (0 comments)

father time auctions and real estate st louis mo: Delinquencies Fall for the First Time in 12 Quarters - 05/11/10 10:57 AM
After steadily increasing for 12 consecutive quarters, the national mortgage loan delinquency rate—the ratio of borrowers 60 or more days past due on their mortgage—dipped down to 6.77 percent in the first quarter of this year, according to data released Monday by TransUnion.This statistic, which is traditionally seen as a precursor to foreclosure, reflects a 1.74 percent decline from the previous quarter’s 6.89 percent average. However, on a year-over-year basis, mortgage borrower delinquency was still up approximately 30 percent from 5.22 percent in the first quarter of 2009.TransUnion said delinquency rates in the first quarter continued to be the highest in … (0 comments)

father time auctions and real estate st louis mo: Pending Home Sales Continue to Climb - 05/06/10 10:07 PM
In yet another sign of stabilization within the U.S. housing market, pending home sales continued the climb upward in March, the National Association of Realtors (NAR) reported Tuesday.NAR’s Pending Homes Sales Index (PHSI), a forward-looking indicator based on contracts signed in March, rose 5.3 percent from February and was 21.1 percent above March of last year. This increase follows an 8.3 percent jump in February and affirms that a surge of home sales is unfolding for the spring home buying season, NAR said.The month-to-month jump in pending sales surpassed analysts’ predictions. According to a Reuters poll, analysts were expecting pending home … (0 comments)

father time auctions and real estate st louis mo: Credit Still Tight Among U.S. Lenders - 05/06/10 09:48 PM
Banks have yet to loosen their tight grip on credit. The Federal Reserve’s latest survey of senior loan officers found that most banks maintained stringent lending standards in the first quarter, while some tightened lending terms further.A total of 56 U.S. banks responded to the Fed survey. Thirty-one were classified as large banks, and 25 were labeled as “other banks.”With regard to loans secured by residential real estate, most banks – 79.2 percent – reported essentially no change in their standards on prime mortgages over the past three months. Four large banks and one other reported that their criteria for approving … (0 comments)

father time auctions and real estate st louis mo: TreasurySecretary Assails HAMP Servicers in Speech to Senators - 05/04/10 09:59 AM
Treasury Secretary Timothy Geithner told lawmakers Thursday that servicers are failing in their efforts to modify loans for Americans at risk of losing their homes.“I want to be clear that we do not believe servicers are doing enough to help homeowners – not doing enough to help them navigate the difficult and often frightening process of avoiding foreclosure,” Geithner said in testimony before the Senate’s subcommittee on financial services.Geithner says he and his staff at the Treasury have received “countless frustrated phone calls” from borrowers, and are seeing distinct performance disparities across the various servicing shops operating under the Home Affordable … (0 comments)

father time auctions and real estate st louis mo: Home Price Data Mixed - Up for the Year, Down for the Month - 04/28/10 09:52 PM
Home prices in February dipped from the previous month but were higher than year-ago levels for the first time since December 2006, according to industry data released Tuesday. The dichotomy candidly illustrates the give-and-take of the nation’s slowly developing housing recovery.From January to February, prices dipped 0.9 percent in the 20-city composite of the latest S&P/Case-Shiller Home Price Indices. The 10-city composite reading was down 0.6 percent for the month. The declines were worse than analysts and the markets were expecting. A Reuters survey projected just a 0.3 percent drop.San Diego was the only market that continued to show improvement in … (0 comments)

father time auctions and real estate st louis mo: High-End Housing Markets Home to Biggest Bargains in 2010 - 04/23/10 10:20 PM
High-end housing markets were home to the biggest bargains for buyers in the first quarter of this year, according to a Home Hunter Report released by ZipRealty, one of the nation’s leading  online-based real estate brokerages.In one of the country’s most famous zip codes, 90210 in Beverly Hills, homes sold, on average, for 15% below asking price, or an average of $703,964 under asking. Across the country, in Miami’s Palm Beach (33480), buyers paid about a million dollars per purchase and paid an average of $198,693 under asking.These are just two highlights revealed by ZipRealty’s report, which compares home sale prices … (0 comments)

father time auctions and real estate st louis mo: St. Louis 3BR Home to be Sold at Auction Fri April 23 at 11AM 63125 - 04/22/10 08:30 AM
1727 Mary Hubert Court, St. Louis MO 63125
(0 comments)

father time auctions and real estate st louis mo: Foreclosure Activity Increases 7% in Q1 - 04/15/10 01:40 PM
The foreclosure tide is still rising. RealtyTrac reported Thursday that foreclosure filings were brought against nearly one million properties during the first threemonths of 2010. That’s a seven percent increase from the previous quarter, 16 percent higher than a year ago, and equates to one in every 138 homes in the United States.Altogether, foreclosure filings – including default notices, scheduled auctions, and bank repossessions – were reported on 932,234 properties from January to March of 2010. According to RealtyTrac, the number of scheduled auctions and bank repossessions hit new quarterly records.All foreclosure types spiked in March. Filings were reported on 367,056 … (0 comments)

father time auctions and real estate st louis mo: Foreclosure Activity Increases 7% in Q1 - 04/15/10 01:40 PM
The foreclosure tide is still rising. RealtyTrac reported Thursday that foreclosure filings were brought against nearly one million properties during the first threemonths of 2010. That’s a seven percent increase from the previous quarter, 16 percent higher than a year ago, and equates to one in every 138 homes in the United States.Altogether, foreclosure filings – including default notices, scheduled auctions, and bank repossessions – were reported on 932,234 properties from January to March of 2010. According to RealtyTrac, the number of scheduled auctions and bank repossessions hit new quarterly records.All foreclosure types spiked in March. Filings were reported on 367,056 … (0 comments)

father time auctions and real estate st louis mo: Pending Home Sales Show Healthy Gain, Hint at Spring Surge - 04/11/10 09:30 AM
Pending home sales rose in February 2010, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors.The Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts signed in February, rose 8.2% to 97.6 from a downwardly revised 90.2 in January, and remains 17.3% above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in buyer contact activity … (2 comments)

 
Paul Roesch, Auctioneer, Realtor, CDPE,     St Louis MO Auction (Palatium Auction and Appraisal Service 618.233.1000) Rainmaker large

Paul Roesch

Auctioneer, Realtor, CDPE, St Louis MO Auction

Saint Louis, MO

More about me…

Palatium Auction and Appraisal Service 618.233.1000

Address: Metropolitan St Louis MO and surrounding Illinois and Missouri Counties, 63124

Office: (618) 407-8479

Mobile: (618) 407-8479

Email Me

I sell real estate assets fast and economically. I auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers. Paul Roesch cell: 618-407-8479


Listings

Links

Archives

RSS 2.0 Feed for this blog