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The current housing market is so hot that it is breaking just about every real estate record that exists: Lowest inventory, highest prices, and shortest time on the market, to name a few.
So what is a buyer to do? Is buying a home in this hot housing market a mistake? Let’s look at some things to help decide whether to buy now or wait until things cool off.
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Every city has its share of “famous” houses, and St. Louis is no different. Whether it is a location from a movie or TV show either set or filmed in our city or the home of a noteworthy celebrity, we all take some hometown pride in recognizing these places.
Here are some places that every St. Louisan should know and the stories behind them. How many can you find?
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When homebuyers work with a real estate agent, it is helpful to be as clear as possible about what they are looking for in a home. One important factor to consider is the type of community they are seeking. A preference between urban or rural, for example, is fairly straightforward to explain. But other terms, like neighborhood and subdivision, are often used interchangeably— and that can make the home search a bit confusing.
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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.
Relocating can come with a wave of emotion, beyond the general stress of getting your finances in order and taking the time to find the right home. The stresses of moving may hit in different stages based on your needs and current situation, and a lot of that stress can come specifically from buying.
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.
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