Real Estate News: Current Real Estate Market Is One For The Record Books By Tricia Tialdo, REALTOR, Broker, Strano & Associates
W
ho would have ever thought that during a global pandemic, selling a house would be easier and buying a house would be harder? But that’s exactly what has happened - home buying demand has surged and home values are rising right along with it. So what has caused this high house-price appreciation? Short answer: Supply and demand. There just aren’t enough homes out there. The supply of homes for sale is not enough to satisfy the demand and because of this house hunting has become more competitive. This has led to bidding wars, offers over asking price and even sight-unseen offers in order for prospective buyers to get a house. Additionally and historically, low interest rates have encouraged millennials and first-time homebuyers to venture into the real estate market. And at the very same time, Covid-19 has ignited folks’ desires to enhance their living quarters.
the area’s appeal. Many major employers are moving into the region, along with hospitals, strip malls and retailers.
and easy access to the St. Louis Metropolitan area - another factor that drives real estate prices.
Good school districts, community/technical training colleges and universities abound. Streets are being widened and public transportation facilities are available.
Whatever your reasons for entering the housing market, 2021 could be your year to find your dream home. Just be prepared to move fast!
These signs of growth help positively impact the desirability and convenience of living in an area and are good indicators of rising property values. The Metro-East lifestyle allows residents to gain a sense of community while having quick
I Deliver Dreams!
These days, space has become a major asset. Home buyers are looking for yards, as well as rooms dedicated to working and schooling at home. The good news: In most cases, you will get more bang for your buck in terms of space and features.
Tricia Tialdo, REALTOR®, Broker Cell: 618-593-2983
As people continue to work from home, the rural and suburban areas found in the Metro East are becoming more and more desirable. Metro East amenities such as parks, nature trails, schools, restaurants, bars and coffee shops heighten
Email: tricia.tialdo@strano.com
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Marketplace Magazine | Early Fall Issue 2021 | marketplacemagazineonline.com | 13
