Gladys Manion Welcomes New Interns!

Thursday, June 23rd, 2022

Gladys Manion Welcomes New Interns!

An internship at Gladys Manion Real Estate allows students to uncover their passions in real estate, marketing, and building productive relationships. For the past 20 years, Gladys Manion has offered internships to students in the St. Louis area. This year, three interns have joined: Massimo Seifarth, Eliana Brook, and Adam Sutter. Each of them hopes to gain new experiences in a professional real estate environment.

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May Market Report

Tuesday, June 7th, 2022

๐Œ๐š๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | Year over Year Change
Central Corridor
Median Sale Price $437,500 | +2.8%
Median Price per/Sqft. $243 | +13.6%
Homes Sold 198 | -1.5%
Average % of List Price Paid 102.% | +1.6%
Median Days on Market 8 | -38.5%
Months Supply of Inventory 1.6 | -23.8%
๐–๐ข๐ฅ๐ฅ ๐ซ๐š๐ญ๐ž๐ฌ ๐Ÿ๐š๐ฅ๐ฅ ๐ข๐ง ๐‰๐ฎ๐ง๐ž?
The first quarter of 2022 saw a spike in mortgage rates. The 156 basis point (1.56 percent) increase was the fastest three-month increase since May 1994, according to Freddie Mac.
Interest rates may continue to rise as the pandemic's economic impact fades, inflation rises to 40-year highs, and the Federal Reserve announces an aggressive policy strategy.
With the Fed announcing future rate hikes, mortgage markets have likely already factored in a significant portion of the impact. If the economy encounters headwinds, a surge in positive Covid instances could result in some weekly drops.
Experts from the Mortgage Bankers Association, the National Association of Realtors, and other industry experts disagree on whether 30-year mortgage rates will rise or remain flat in June.

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