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St Louis Real Estate Market Update VIDEO – August 2019 – Dirt Cheap Interest Rates

The St Louis real estate market is still going strong and interest rates are dirt cheap! Not much has changed over the past few months in the St Louis housing market in terms of home prices and sales, prices continue to rise at normal, healthy rates and sales continue along at a rate a little […]

City of St Louis Property Vacancy Rate More Than Double The Rate For The St Louis MSA

There are 100,478 residential properties in the City of St Louis, 7,604 of which (7.6%), are vacant properties according to the vacancy rate report for the 3rd quarter of 2019 by ATTOM Data Research. The other St Louis area county with a vacancy rate higher than the rate for the St Louis MSA as a […]

Half Of The Residential Properties In Franklin County Are Investor-Owned

There are 64,645 residential properties in Franklin County, 32,625 of which (50.5%), are investment properties according to the vacancy rate report for the 3rd quarter of 2019 by ATTOM Data Research. The other St Louis area county with a percentage of investment properties higher than the rate for the St Louis MSA as a whole […]

The Most Expensive Homes In St Louis

St Louis may be the 8th most affordable metro area in the country to buy a home, but it also has areas where home prices are much higher as well. The median price of homes sold in the St Louis metro area during the past 12-months is $184,500 however the average price of homes sold […]

St Louis Has 21st Highest Homeownership Rate of Metro Areas In U.S.

During the 2nd quarter of this year, the homeownership rate for the St Louis MSA was 68.0% giving St Louis the 21st highest homeownership rate of the 75 largest MSA’s in the country, according to the latest date from the U.S. Census Bureau. This is a move up from the prior quarter when St Louis […]

The Jefferson County Zip Code With The Hottest Real Estate Market

Yesterday I identified the Zip Code in St Charles County with the hottest real estate market so today I’ll do the same for Jefferson County. I’ll save the long explanation I gave yesterday though about the importance of not looking at just one piece of data, how it takes a qualified agent with good data […]

Strong Economy and Low Inflation Prompt Fed Reserve To Lower Interest Rates

Yesterday afternoon, the Federal Reserve released a statement that was quite a vote of confidence for how the economy is doing. The Fed Reserve’s statement included “…the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment […]

St Louis Area Percentage Change In Rent Since 2010 Over 15 Times Higher Than Change In Mortgages

The median rent for counties in the St Louis area in 2010 varied from a low of $620 in Franklin County to a high of $819 in St Charles County. By 2017 rents had increased to $736 and $993 respectively in those counties, according to the latest data available from the U.S. Census Bureau. As […]

Number of Housing Units In St Charles County Increased Over 10 Percent Since 2010-Little change in St Louis City and County

The number of housing units in St Charles County grew from a total of 141,355 units in 2010 to 156,324 units in 2018, for an increase of 10.6%, according to the latest data available from the U.S. Census Bureau. As the table below shows, during this same period, the number of housing units in St […]

Inventory of Homes For Sale is 1-Month or Less In Top 10 Sellers Markets In St Louis

The St Louis housing market has been low on inventory of homes for sale in many areas and many price ranges for the past couple of years. Even as the summer market is down to the last few weeks, we still find the market short on listings in many markets. With the inventory of homes […]

St Louis Real Estate Market Update VIDEO – July 2019 – Still going strong!

The St Louis real estate market continues to show strength and favors sellers, however, buyers have shown they are price-sensitive. While most of the St Louis market remains a seller’s market based upon the lack of inventory for sale, this does not mean (and the data backs it up) that it’s a blank check […]

YTD Home Sales Continue To Remain Below Prior Years But Downward Trend Slowing

Year to date, through the end of June, there were 12,814 homes sold in the St Louis 5-County Core market, a decline of 4.3% from this time last year when 13,389 homes had sold. This marks the lowest YTD home sales through June since June 2015, when there were 12,110 homes sold. As the second […]

St Louis New Home Construction Slips Again In May

For the 12-month period ended May 31, 2019, there were building permits issued for 300 new homes in Jefferson County, a decline of nearly 26% from the prior 12-month period according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri. For the same period, there were permits issued for […]

Home Affordability Drops Significantly In St Louis City and County Increases In Jefferson and Madison

Home affordability declined in the City of St Louis from a 98 on the affordability index in the first quarter to an index of 73 this quarter, for a decline of 25% in home affordability in the City of St Louis, according to the latest data from ATTOM Data Research. In neighboring St Louis County, […]

President Trump Signs Bill To Eliminate Cap On VA Loans

This past Tuesday night, President Trump signed into law H.R. 299, the “Blue Water Navy Vietnam Veterans Act” was signed into law by President Trump on Tuesday night. H.R. 299, which, among other things good for veterans, eliminates the cap on VA Loans. Currently, the VA can only “guarantee” (they insure 25% of the loan […]

St Louis Home Sales Continue Downward Trend – YTD Home Sales Lowest In 4 Years

Year to date, through the end of May, there were 9,929 homes sold in the St Louis 5-County Core market, a decline of 5.2% from this time last year when 10,477 homes had sold. This marks the lowest YTD home sales through May since May 2015, when there were 9,262 homes sold. As the second […]

How To Get The Highest Price For Your Home

When the time comes for you to sell your home, would you like to sell your home for the highest price? I can’t imagine any homeowner not answering “yes” to that question. So, now that we know what all seller’s want; all we need to do now is determine the best way to go about […]

Proposed St Louis County Ordinance Would Require Landlords To Accept Section 8

A bill introduced by St Louis County Councilmember Lisa Clancy would require landlords in unincorporated St Louis County to participate in the Section 8 program as well as pretty much any other rental subsidy program. St Louis County bill number 102 (see complete bill at bottom of article), introduced by Councilmember Clancy, if passed, would […]

Flipped Homes in St Louis Down From Year Ago

There were 528 homes “flipped” in the St Louis metro area during the first quarter of 2019, which equated to 7.7% of the total number of homes sold in the St Louis metro area during the quarter, according to data just released by ATTOM Data Research. This is down 14% from the 1st quarter of […]

How To Appeal Your Property Tax Reassessment

If you are a homeowner, then during the past week or so you probably received a change of assessment notice from your county assessor informing you of the Assessor’s new assessment of the value of your property. While most people purchase a home with the expectation of it going up in value and, generally, are […]

St Louis Year To Date Home Sales Off To Slowest Start In 4 Years

Home sales in St Louis through the end of April this year, are lower than they have been at the same time of year since 2015. As our exclusive year-to-date sales chart for the St Louis 5-County Core Market below shows, there have been 7,101 homes sold YTD this year (through 4/30) which is down […]

St Louis Area New Home Construction Continues To Decline In Most Areas

For the 12-month period ended April 30, 2019, there were building permits issued for 757 new homes in St Louis County, a decline of 22.80% from the prior 12-month period, according to the latest data from the St Louis HBA. As the table below shows, St Charles County saw a decline of 6.38% during the […]

Foreclosure Rate In St Louis Continues To Fall As Market Remains Strong

The strong St Louis housing market, as well as the strong economy, continues to help improve mortgage delinquency rates and foreclosure rates in St Louis. The rate of foreclosure in St Louis in April was 1 foreclosure filing for every 2,167 housing units, a decline of 17.4% from the month before when the rate was […]

St Louis Real Estate Market Update VIDEO – May 2019 – Still A Sellers Market!

The number of home sales in St Louis may be down from the recent past but it’s still a Seller’s market! The lack of home sales in St Louis is certainly not a result of a lack of interest, on the part of home buyers, but more a lack of sellers. This is clear […]

St Louis Has 26th Highest Homeownership Rate of Metro Areas In U.S.

During the 1st quarter of this year, the homeownership rate for the St Louis MSA was 66.5% giving St Louis the 26th highest homeownership rate of the 75 largest MSA’s in the country, according to the latest date from the U.S. Census Bureau. As the table below shows, the North Port-Bradenton-Sarasota, FL MSA had the […]

Missouri Has 14th Highest Homeownership Rate In U.S.

The rate of homeownership in the state of Missouri was 70.2% during the 1st quarter of this year, giving Missouri the 14th highest rate of homeownership throughout the 50 states plus the District of Columbia, based upon the latest data from the U.S. Census Bureau. As the table below illustrates, New Hampshire had the highest […]

St Louis Rental Vacancy Rate Rises For First Time In A Year

The St Louis MSA rental vacancy rate during the 1st quarter of this year was 8.1%, an increase from 6.6% the prior quarter, according to data recently released by the U.S. Census Bureau. Given that for 2018 the median rental vacancy rate of 6.8% in the St Louis MSA was a 13 year low, it’s […]

St Louis Homeownership Rate Slips But 12-Month Rolling Average At Highest Level In 3 Years

During the 1st quarter of 2019, the homeownership rate for the St Louis MSA was 66.5%, down from 70.5% the prior quarter, according to the latest data from the U.S. Census Bureau. As the table below shows, the 12-month rolling average for the St Louis homeownership rate was 67.5.% in the 1st quarter of 2019, […]

The Percentage Of Equity-Rich Homeowners In St Louis Drops At Beginning Of This Year

As of the end of the first quarter of this year, 16.2% of the homeowners in St Louis were “equity-rich”, meaning their mortgage total is less than 50% of their homes current value, according to the latest data available from ATTOM Data Research.

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The Number Of Underwater Homeowners In St Louis Increases Slightly

During the first quarter of 2019, 14.5% of the homeowners in St Louis with a mortgage, were underwater on their mortgage, meaning they were in a negative-equity position, according to data just released by ATTOM Data Research. As the table below shows, this slight increase follows a decline in the rate for the two prior […]