Local Special

Help Find These Homes in the 618 Area

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday July 29, 2020

I'm looking for a few specific homes to sell. I have buyer clients who are ready to purchase, and we can't find the perfect house in the MLS. Maybe you know of a matching property.

Remember Algebra? Things are balanced: Low rates and rising prices.

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday July 29, 2020

Record-low interest rates are balancing out rising prices to keep buyers in the market this summer. DM me to learn more about why buying a home while interest rates are low is so powerful.

Local Special

How about something Positive? Housing Market Helping Economic Recovery

posted by: George Sykes, Managing Broker, Worth Clark Realty on Thursday July 23, 2020

According to Lawrence Yun, Chief Economist at NAR, “This has been a spectacular recovery for contract signings and goes to show the resiliency of American consumers and their evergreen desire for homeownership. This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.” DM me to learn why 2020 is shaping up to be a strong year to buy or sell a home.

Local Special

Bidding Wars ... Real Estate is a Contact Sport This Year

posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday July 21, 2020

With the number of homebuyers outweighing the number of houses being listed for sale this season, more and more people are facing bidding wars. Whether you’re buying a home or selling your house, DM me to talk about how we can simply and effectively navigate this process together.

A Remarkable Recovery for the Housing Market

posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday July 21, 2020

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.

Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.

Local Special

Buying or Selling? Let's talk numbers.

posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday July 7, 2020

Homeowner equity is continuing to rise year-over-year, meaning many families have more wealth to leverage than they may realize. DM me to learn how you can put your equity to use when selling your house and making your next move.

Are New Homes Going to Be Available to Buy This Year?

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday July 1, 2020

In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be a bright spark that gets the recovery fire started. The construction of new homes coming right around the corner is a huge part of that effort, and it may drive your opportunity to make a move this year.

According to the National Association of Home Builders (NAHB):

Everything You Need to Know About Buying a Home in St Louis

posted by: George Sykes, Managing Broker, Worth Clark Realty on Friday June 19, 2020

Three Reasons Homebuyers Are Ready to Purchase This Year in Cities like St Louis

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday June 17, 2020

A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below):

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday June 10, 2020

On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:

“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”

Everyone realizes that the pandemic shut down the country earlier this year, causing a “significant decline in economic activity.”

Though not surprising, headlines announcing the country is in a recession will cause consumers to remember the devastating impact the last recession had on the housing market just over a decade ago.

The real estate market, however, is in a totally different position: