St Louis Commercial Mortgage and Mortgage Lending: Home Prices Fall
St Louis Mortgage and Real Estate News –
St Louis Commercial Financing and Home Loan News: Home Prices Fall To 2009 Levels
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction
The S&P/Case-Shiller home price index covering 20 major markets fell 3.1 percent year-over-year, and was down 1 percent compared with December 2010.
After rebounding nearly 7 percent off their post-bubble lows, prices have fallen more than 5 percent since July and are only 1.1 percent higher than the bottom set in April, 2009.
'January 2011 brought us weakening home prices with no real hope in sight for the near future,' says David M. Blitzer, a spokesman for S&P.
The dismal report followed other negative housing market indicators recently.
Sales of existing homes were off nearly 10 percent in February of 2011 and new homes sales were at a record low with consumers wanting to save money by purchasing foreclosures and short sales.
Blitzer went on to say that "the housing market recession is not yet over and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing."
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Articles and News Sponsored by Liberty Lending Consultants
When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.
Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available.Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.
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