06/03/2026
Welcome to today’s Entry-Level Housing Report.
Over the past 24hrs,
2 homes sold and 5 new properties became available through seller financing
These aren't just daily updates. These are realities happening right now.
📍 Featured Property: 3720 Walnut Ave East St. Louis IL 62207
2-Bed/1-Bath - 900 Sqft
$2.5k down
$900 monthly,
$74,900 purchase price
The Real Cost of Waiting for a Bank-Approved Buyer
Every month your property sits on the market waiting for a bank-approved buyer has a cost.
Property taxes. Insurance. Utilities if the home is vacant. Maintenance. The carrying cost on a home under $75,000 can run $300 to $600 a month and it adds up quickly.
Six months of waiting is $1,800 to $3,600 in carrying costs before a single offer lands. And that assumes the offer does not fall through at the financing stage.
Direct buyers do not need bank approval. The deal does not collapse because a lender changed their terms. Closing timelines are weeks not months.
What has your property cost you in the time it has been sitting?