In evaluating the future of the St. Louis real estate market, Stafford Manion and the Gladys Manion team see that there is a great possibility that growth will be slow, steady, and sustainable.
St. Louis, MO (PRWEB) July 25, 2013
The team of St. Louis real estate agents at Gladys Manion Real Estate have spent the first half of 2013 observing the positive progression of the St. Louis real estate market. Now halfway through the year, owner and broker at Gladys Manion, Stafford Manion, has taken note of a number of positive signs.
According to Stafford Manion, mortgage rates have increased nearly 100 basis points (1%) in the last few months. This is an overall increase of 25–33%. Furthermore, in spite of this increase in rates, the team at Gladys Manion has seen no decrease in activity in the St. Louis real estate market.
In addition to increasing mortgage rates and positive real estate activity in the St. Louis area, Gladys Manion has also noticed that first time buyers are likely to take the biggest hit, as rising prices and rates could push some of them out of the market. In all, Gladys Manion sees this adjustment as proof that the bottom is now behind us, and that consumer confidence is strong.
In evaluating the future of the St. Louis real estate market, Stafford Manion and the Gladys Manion team see great potential that growth will be slow, steady, and sustainable. According to their insights gathered during the first half of 2013, this prediction may prove true.
For more information about mortgage rates and St. Louis residential real estate, contact Gladys Manion Real Estate at 314.721.4755.
About Gladys Manion
With a specialization in St. Louis luxury real estate, Gladys Manion Real Estate has been a trusted, reliable, and successful brokerage firm in St. Louis for more than 75 years. Founded by Gladys Manion in 1936, Gladys Manion Real Estate is a family-operated company with a focus on personalized service. The highly skilled and knowledgeable Gladys Manion team of real estate agents has years of experience in the St. Louis real estate market, ensuring successful and professional experiences for all clients.