As an appraiser, that evaluates neighborhood trends, regarding market values, I have not identified any true declining market values. Some obvious indications that have been identified is that the number of transactions has declined in most areas and the amount of time to complete a successful settlement (sale) has increased. However, the overall supply and demand appears to be mostly in balance in most evaluations that I have encountered within the past 12 months.

So, stand up to those that are telling you that the sky is falling. In most cases, in the St. Louis metro area, we continue to experience increasing market values. The percentage may be slight, but it is not in decline.

Foreclosures appear to have increased and not necessarily in any particular area. However, some areas have a higher volume of foreclosures than others.

Maintained Real Estate continues to be a good investment for primary housing purchased. As an investors, a larger amount of opportunities have been exposed due to the increased foreclosure numbers.

So, get a hold of your Realtor and get looking.