Feb 21, 2014
The mortgage market is making a resurgence, at least as it concerns jumbo loans. According to an article published earlier this month by CNN, jumbo mortgages have fallen to percentages that have been unseen for a span of over two decades. Jumbo mortgages are large loans of over $400,000.
As these lower mortgage rates indicate, large national banks, such as Wells Fargo and Bank of America, are improving their efforts to connect with those customers who have healthy credit histories, as these individuals are most likely to sign onto a jumbo mortgage agreement.
Here at Gladys Manion Real Estate, we believe that if you and your family are in the market to buy a home in St. Louis, there is no better time than the present. Take advantage of low jumbo mortgage rates, and begin exploring homes for sale in and around St. Louis with the assistance of one of our local real estate professionals. Gladys Manion specializes in luxury St. Louis homes in the Central West End, Clayton, Ladue, Frontenac, Town and Country, Webster Groves, and many other St. Louis neighborhoods.
For families looking to relocate to the St. Louis area, depend upon Gladys Manion for unparalleled assistance throughout the entire moving process. As we work with an extended network of global relocation partners, we work diligently to ensure that your relocation is simple and easy no matter where you currently call home.
Find out more about homes for sale in St. Louis and our relocation services by contacting Gladys Manion by phone at 314.721.4755, or send us an email.
Feb 7, 2014
The U.S. Federal Reserve Board's final Beige Book report of 2013 noted signs of improvement for the eighth district, which includes St. Louis, in addition to Louisville, Memphis, and Little Rock. The report reviews the state of the economy district by district eight times per year. For the eighth district, the Beige Book was primarily positive in its review of year end market activity, especially as it pertained to the St. Louis real estate market.
In reviewing the St. Louis real estate market, the Federal Reserve Board documented significant growth. In fact, St. Louis home sales increased by five percent in November 2013 compared to the same month in 2012.
For the Gladys Manion Real Estate team, who are not only St. Louis residential real estate experts, but also proud residents, reading about such findings from the Federal Reserve Board is welcome news as the U.S. economy continues its steady economic recovery. According to Gladys Manion owner and broker, Stafford Manion, the home sales transacted by Gladys Manion in 2013 align with the Beige Book economic findings on positive residential market growth in St. Louis.
Read the Gladys Manion Real Estate Blog for the latest St. Louis residential real estate news.
If you and your family are considering a move to St. Louis, explore our St. Louis Relocation Guide and browse our current Luxury Listings to find your ideal home and learn about our neighborhoods and lifestyle.