The Cost of a Home Is Far More Important than the Price

posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday September 29, 2020

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: ...

Home Use is Changing

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday September 9, 2020

We’ve seen a lot of change this year, and many of them have impacted the demands made on our homes.

How Will the Presidential Election Impact Real Estate in Places Like Des Peres?

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday September 2, 2020

The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market seems to be unaffected, as a new forecast projects there may be more homes purchased this year than last year.

As we come to the end of this tumultuous year, we’re preparing for perhaps the most contentious presidential election of the century. Today, it’s important to look at the impact past presidential election years have had on the real estate market.

Why Foreclosures Won’t Crush the Housing Market Next Year

posted by: George Sykes, Managing Broker, Worth Clark Realty on Friday August 14, 2020

With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession. Here’s why.

Will We See a Surge of Homebuyers Moving to the Suburbs?

posted by: George Sykes, Managing Broker, Worth Clark Realty on Monday August 10, 2020

As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home and dreaming of more indoor and outdoor space is certainly sparking some interest among homebuyers. Early data shows an initial trend in this direction of moving from urban to suburban communities, but the question is: will the trend continue?

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Help Find These Homes in the 618 Area

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday July 29, 2020

I'm looking for a few specific homes to sell. I have buyer clients who are ready to purchase, and we can't find the perfect house in the MLS. Maybe you know of a matching property.

Remember Algebra? Things are balanced: Low rates and rising prices.

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday July 29, 2020

Record-low interest rates are balancing out rising prices to keep buyers in the market this summer. DM me to learn more about why buying a home while interest rates are low is so powerful.

Three Reasons Homebuyers Are Ready to Purchase This Year in Cities like Des Peres

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday June 17, 2020

A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below):

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday June 10, 2020

On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:

“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”

Everyone realizes that the pandemic shut down the country earlier this year, causing a “significant decline in economic activity.”

Though not surprising, headlines announcing the country is in a recession will cause consumers to remember the devastating impact the last recession had on the housing market just over a decade ago.

The real estate market, however, is in a totally different position:

Housing Market Positioned to Bring Back the Economy

posted by: George Sykes, Managing Broker, Worth Clark Realty on Thursday May 21, 2020

All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit. As Mark Fleming, Chief Economist of First American, recently explained: (Article Continues)