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Think This Is a Housing Crisis? Think Again
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday April 15, 2020
With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question.
Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country.
Let’s look at five things we know about today’s housing market that were different in 2008:
Think This Is a Housing Crisis? Think Again
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday April 15, 2020
With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question.
Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country.
Let’s look at five things we know about today’s housing market that were different in 2008:
What You Can Do to Get Your St Louis House Ready to Sell [INFOGRAPHIC]
posted by: George Sykes, Managing Broker, Worth Clark Realty on Monday April 13, 2020
Some Highlights:
What You Can Do to Get Your St Louis House Ready to Sell [INFOGRAPHIC]
posted by: George Sykes, Managing Broker, Worth Clark Realty on Monday April 13, 2020
Some Highlights:
How Technology Is Enabling the Real Estate Process in St Louis
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday April 8, 2020
Today’s everyday reality is different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes we’re adapting to is the revisions to the common real estate transaction, which all vary by state and locality. Technology, however, is making it possible for many of us to continue on the quest for homeownership, an essential need for all.
Here’s a look at some of the elements of the process that are changing (at least in the near-term), due to stay-at-home orders and social distancing, and what you may need to know about each one if you’re thinking of buying or selling a home sooner rather than later:
5 Was to Help:
How Technology Is Enabling the Real Estate Process in St Louis
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday April 8, 2020
Today’s everyday reality is different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes we’re adapting to is the revisions to the common real estate transaction, which all vary by state and locality. Technology, however, is making it possible for many of us to continue on the quest for homeownership, an essential need for all.
Here’s a look at some of the elements of the process that are changing (at least in the near-term), due to stay-at-home orders and social distancing, and what you may need to know about each one if you’re thinking of buying or selling a home sooner rather than later:
5 Was to Help:
Please Help Hunter Engineering
posted by: Wildfire Internet on Tuesday April 7, 2020
Hunter Engineering has teamed up with Washington University, St. Louis, to design powered air purifying respirator (PAPR) devices for emergency medical professionals treating COVID-19 patients.
(Photo is of first device in use at Missouri Baptist Hospital.)
You may be able to HELP, with the one critical part that is in in short supply!
If you have a CPAP machine that you no longer need
Please Help Hunter Engineering
posted by: Wildfire Internet on Tuesday April 7, 2020
Hunter Engineering has teamed up with Washington University, St. Louis, to design powered air purifying respirator (PAPR) devices for emergency medical professionals treating COVID-19 patients.
(Photo is of first device in use at Missouri Baptist Hospital.)
You may be able to HELP, with the one critical part that is in in short supply!
If you have a CPAP machine that you no longer need
The Housing Market Is Positioned to Help the Economy Recover [INFOGRAPHIC]
posted by: George Sykes, Managing Broker, Worth Clark Realty on Friday April 3, 2020
Some Highlights:
The Housing Market Is Positioned to Help the Economy Recover [INFOGRAPHIC]
posted by: George Sykes, Managing Broker, Worth Clark Realty on Friday April 3, 2020
Some Highlights:
The Economic Impact of Buying a Home
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday March 31, 2020
We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.
We’re all being impacted in different ways by the effects of the coronavirus. If you’re in a position to buy a home today, know that you’re a major economic force in your neighborhood. And while we all wait patiently for the current pandemic to pass, there are a lot of things you can do in the meantime to keep your home search on track.
Every year the National Association of Realtors (NAR) shares a report that notes the full economic impact of home sales. This report summarizes:
The Economic Impact of Buying a Home
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday March 31, 2020
We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.
We’re all being impacted in different ways by the effects of the coronavirus. If you’re in a position to buy a home today, know that you’re a major economic force in your neighborhood. And while we all wait patiently for the current pandemic to pass, there are a lot of things you can do in the meantime to keep your home search on track.
Every year the National Association of Realtors (NAR) shares a report that notes the full economic impact of home sales. This report summarizes:
Is Now a Good Time to Refinance My St Louis Home?
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday March 25, 2020
With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions:
Why do you want to refinance?
There are many reasons to refinance, but here are three of the most common ones:
Is Now a Good Time to Refinance My St Louis Home?
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday March 25, 2020
With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions:
Why do you want to refinance?
There are many reasons to refinance, but here are three of the most common ones:
Why the Stock Market Correction Probably Won't Impact St Louis Home Values
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday March 24, 2020
With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What's taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent from October 2007 to March 2009, and home values did depreciate in 2007, 2008, and 2009 – but that was because that economic slowdown was mainly caused by a collapsing real estate market and a meltdown in the mortgage market.
Why the Stock Market Correction Probably Won't Impact St Louis Home Values
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday March 24, 2020
With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What's taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent from October 2007 to March 2009, and home values did depreciate in 2007, 2008, and 2009 – but that was because that economic slowdown was mainly caused by a collapsing real estate market and a meltdown in the mortgage market.
Confidence Is the Key to Success for Young Homebuyers
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday March 11, 2020
Buying your first home can seem overwhelming. Thankfully, there’s a lot of great information out there to help you feel more confident as you learn about the process. For those in younger generations who aspire to buy, here are three things to consider sooner rather than later in your journey:
Read Full Article ...Confidence Is the Key to Success for Young Homebuyers
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday March 11, 2020
Buying your first home can seem overwhelming. Thankfully, there’s a lot of great information out there to help you feel more confident as you learn about the process. For those in younger generations who aspire to buy, here are three things to consider sooner rather than later in your journey:
Read Full Article ...Equity Gain Growing in Nearly Every State including Missouri
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday March 10, 2020
Rising home prices have been in the news a lot lately, and much of the focus is on whether they're accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner's equity position.
Equity Gain Growing in Nearly Every State including Missouri
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday March 10, 2020
Rising home prices have been in the news a lot lately, and much of the focus is on whether they're accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner's equity position.
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