Figuring out where to live in St. Louis can be complicated, especially for newcomers. It is hard for some to wrap their head around the fact that the city itself is small (with a population of about 300,000) but has 79 distinct neighborhoods, each with its own vibe and name. Just outside the city limits, more than 2 million people live in 100 different municipalities spanning several counties and 2 states—all of which are sometimes referred to as the Greater St. Louis region.
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Just like clothing fashions, home trends come and go and are reflected in the types of homes that are popular. The difference is that houses stick around a lot longer than clothes. When it comes to St. Louis home styles, many houses built more than 100 years ago are still standing, as are houses from every era since.
With how much the housing market has changed over the last 50 years, or even, over the last decade, it can be interesting to think about what the future of home buying could possibly look like. With uncertainty around all of the things that go into the housing market like the environment, economy, work life, entertainment, styles, and personal preferences, who knows what the process will look like in the future? But still, it can be fun to speculate.
Buying a house is a big deal no matter what. When it’s a first home, it can be overwhelming and even scary. We are here to help calm the anxiety and demystify the process.
Standards of luxury change with the times. Fifty years ago, a two-car garage, a double-sink vanity, or a bar in the rec-room would have seemed pretty special in some houses. Today, those features are common, and one would be hard-pressed to find a new-build without things like walk-in closets, a security system, or a master ensuite. Heated floors, outdoor living space, swimming pools, and spas have become so mainstream that they are no longer the signatures of luxury homes.
Originally published Friday, October 26th, 2018; Updated February 1st, 2022
Some people in the United States think of the Midwest as little more than “fly over country,” while the coasts are where the action is. While there is generally less hustle and bustle in the midsection of the country than in New York or L.A., there is plenty of appeal, even outside of big midwestern cities like Chicago.
According to the National Association of Realtors, FSBO (For Sale By Owner) accounted for only 7% of home sales in 2020. That means that about 93% of sellers, along with most buyers, relied on a real estate professional.
There’s a lot on the line when figuring out what a home is worth. Setting the asking price too high might limit the number of offers and leave the house on the market a long time. Asking too little could mean leaving money on the table.
Foreclosed homes can be appealing to house flippers, investors, and ordinary homebuyers looking for a bargain. Once a lender takes possession of a foreclosed home, they will seek to sell it quickly. They are less concerned about making a profit and simply want to break even on the amount they lost due to non-payment of the mortgage.
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