RSS Real Estate News

  • Pending Home Sales Increase In Midwest Region In April…down in all other regions May 26, 2022
    The pending home sales index from the National Association of REALTORS® (NAR) was released showing the midwest region as the only region that had an increase from March to April. According to the NAR report below, the pending home sales index for the midwest increased 6.6% from March to April while declining 3.9% for the […]
  • St Louis New Listings to New Contracts Trend Remains Steady May 26, 2022
    For the first three weeks of May there were 2,115 new listings of homes for sale in the St Louis 5-county core market, according to the STL Real Estate Trends Report from MORE, REALTORS®. During the same period, there were 2,019 new contracts written on homes for sale resulting in a new listing to new […]
  • Home Builders Losing Confidence In The Housing Market May 18, 2022
    The National Association of Home Builders (NAHB) in conjunction with Wells Fargo publishes their House Market Index (HMI) monthly which reveals the sentiment of home builders about the market. In the report released yesterday, the HMI fell 8 points to 69, marking the fifth month in a row that builder sentiment as declined and becoming […]
  • New Home Building Permits In St Louis For Most Recent 12-Months Continue Downward Trend May 14, 2022
    There were 4,699 building permits issued for new single-family homes in the St Louis area during the 12-month period ended March 31, 2022, a decrease of 6.86% from the same period a year ago when there were 5,045 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern […]
  • St Louis Home Sales Doing Well In Spite of Rising Interest Rates & Inflation May 9, 2022
    There have been a lot of reports over the past month about rising interest rates (mortgage rates on a 30-year fixed-rate mortgage hit 5.27% last week) as well as rising inflation rates (8.5% in March) and the effect these things will have on the housing market. It’s no doubt they will have some affect on […]
  • New Sales Last Week Declined Over Thirty Percent From The Week Before April 29, 2022
    Last week there were 551 new contracts written for the sale of listings in the St Louis 5-county core market down over thirty-six percent (31.3%) from the week before when there were 802 new contracts written, according to the STL Real Estate Trends Report, exclusively available from MORE, REALTORS®. The new sales activity last week […]
  • Sitzer vs NAR (National Association of REALTORS) – Good or bad for consumers? April 28, 2022
    In an article published yesterday, I referenced the Sitzer vs National Association of REALTORS law suit and said I would have a more in-depth discussion about that suit and here it is. The lawsuit was filed by Joshua Sitzer, Amy Winger, Scott and Rhonda Burnett and Ryan Hendrickson on June 21, 2019 against the National […]
  • Appellant Court Overturns Lower Court Dismissal of Anti-Trust Lawsuit Against the National Association of REALTORS® April 27, 2022
    The past several days have not been good for the National Association of REALTORS® (NAR) from a legal perspective at least. First, last Friday, April 22, 2022, Stephen R. Bough, a Federal Judge for in the Western District of Missouri, certified a lawsuit against NAR as a class action suit.The suit, known as the “Sitzer” […]
  • Missouri Releases Complaint Report For Missouri Insurance Companies April 25, 2022
    The Missouri Department of Commerce and Insurance (DCI) is the state agency that investigates complaints against insurance companies made by consumers in Missouri. Annually, the DCI releases its complaint report reporting on the complaints made in the preceding year by company, type of insurance, etc. In compiling the report the DCI assigns a “complaint index” […]
  • New Sales Of Listings Continue To Outpace New Listings April 19, 2022
    Even with the high rate of inflation, rising interest rates and general unrest in the economy, during the past two weeks there were more new contracts written on listings than there were new listings. According to the STL Real Estate Trends Report, exclusively available from MORE, REALTORS®, during the last two weeks there were 1,496 […]

Irene Arriola Real Estate, Inc.
81 King Street, Suite B Saint Augustine, FL 32084
Email: | Office phone: 904.829.2002
Cell phone: 904.669.0691 | Fax: 904.829.2029