Dennis Norman - St Louis Real Estate News

St. Louis Mortgage Rates Surge to 6.50% in April 2026 – Buyers Face Rising Costs

By Dennis Norman, on April 30th, 2026

In April 2026, St. Louis homebuyers are witnessing a significant uptick in mortgage rates, with the 30-year fixed rate climbing to 6.50%, marking a 0.12% increase. The 15-year fixed rate also rose, now standing at 6.03% after a 0.09% hike. These increases signal a rising trend across the board, affecting all major mortgage categories including 30-year jumbo, FHA, and VA loans. The adjustable rate (7/6 SOFR ARM) similarly saw a rise to 6.12%, indicating a broad upward movement in borrowing costs.

For potential buyers and sellers in the St. Louis area, these rate hikes could impact purchasing power and market Continue Reading →

St. Louis Mortgage Rates Dip Slightly in April 2026: 30-Year Fixed Sits at 6.32%

By Dennis Norman, on April 23rd, 2026

St. Louis homebuyers have a small reason to celebrate as mortgage rates continue their downward trend this April 2026. According to the latest data, the 30-year fixed mortgage rate now stands at 6.32%, a subtle decrease of 0.01% from the previous rate. Additionally, the 15-year fixed rate has dropped by 0.02%, now at 5.90%. However, not all rates followed this downward trajectory; the 30-year Jumbo rate saw a slight increase, reaching 6.52%, while the adjustable rate (7/6 SOFR ARM) has risen to 5.97%.

For St. Louis buyers and sellers, these changes present a mixed bag of opportunities and challenges. The Continue Reading →

St. Louis City Real Estate Market Sees Strong Growth in April 2026

By Dennis Norman, on April 21st, 2026

The St. Louis City real estate market experienced significant growth in March 2026, with homes selling for a median price of $240,000. This represents a 9.09% increase from March 2025, when the median sold price was $220,000. Additionally, the median sold price in March 2026 marked an 8.11% rise from February 2026, which saw a median price of $222,000. Despite the rise in sold prices, the median list price in March 2026 was $220,000, down 7.17% from $237,000 in March 2025.

The number of home sales also increased, with 239 homes sold in March 2026, a 2.14% increase from the Continue Reading →

April 2026 Franklin County Real Estate Market Update: Rising Home Prices and Sales

By Dennis Norman, on April 20th, 2026

The Franklin County real estate market continues to show robust growth as of April 2026, with significant increases in both home prices and sales. According to the latest data, homes in Franklin County sold for a median price of $277,500 in March 2026. This marks a 4.13% increase from March 2025, when the median sold price was $266,500. Additionally, the March 2026 median price represents a 5.71% rise compared to February 2026, when it was $262,500.

The market also saw a notable increase in the median list price, which reached $309,272 in March 2026. This is a substantial 15.83% jump Continue Reading →

April 2026 St. Louis County Real Estate Market Update: Rising Home Prices and Sales Trends

By Dennis Norman, on April 19th, 2026

The St. Louis County real estate market continues to show dynamic shifts as of April 2026, with notable changes in home prices and sales activity. In March 2026, homes sold for a median price of $278,500. This represents a 5.09% increase from the median sold price of $265,000 in March 2025. Additionally, March 2026 saw an 11.18% rise in median sold prices compared to February 2026, when the median was $250,501.

Despite the increase in sold prices, the median list price dropped to $250,000, marking a 10.87% decrease from $280,500 in March 2025. The number of home sales also saw Continue Reading →

Steady Growth in St. Louis Metro Home Sales: A Positive Start to 2026

By Dennis Norman, on April 17th, 2026

The St. Louis metropolitan area has experienced a promising start to the 2026 real estate market, with 6,665 homes sold through the end of March. This marks a slight yet encouraging increase of 0.71% compared to the 6,618 homes sold during the same period last year. This steady growth is a positive indicator for both potential home buyers and sellers, suggesting a stable market environment. The St. Louis metro area, encompassing counties in both Missouri and Illinois, continues to attract families and individuals seeking a vibrant and affordable place to call home.

Despite the modest year-over-year growth, the market remains Continue Reading →

Baby Boomers Are Now Driving the Housing Market… and First-Time Buyers Are Getting Squeezed Out

By Dennis Norman, on April 16th, 2026

Generational Trends in Real Estate - National Association of Realtors Report - St Louis REALTORS

The latest data from the National Association of REALTORS® shows something that might surprise a lot of people… the real estate market isn’t being driven by first-time buyers anymore, and it hasn’t been for a while. In fact, the 2026 Generational Trends Report shows that Baby Boomers now make up the largest share of home buyers at 42%, while first-time buyers have dropped to just 21%… the lowest level ever recorded.

That’s a big shift, and it helps explain a lot of what we’re seeing in today’s market. Younger buyers, especially Millennials and Gen Z, are still active, but they’re Continue Reading →

St. Louis Mortgage Rates Edge Upward: 30-Year Fixed Hits 6.32% in April 2026

By Dennis Norman, on April 16th, 2026

As of April 16, 2026, mortgage rates in the St. Louis area have continued their upward trajectory, with the 30-year fixed rate now standing at 6.32%, marking a slight increase of 0.01% from the previous day. The 15-year fixed rate also saw a similar rise, now at 5.97%. These subtle yet steady increases reflect broader trends in the national market, with all major rate categories experiencing hikes, including the 30-year FHA and Jumbo loans, as well as the 7/6 SOFR ARM, which now stands at 5.98%.

For potential homebuyers and sellers in St. Louis, these rising rates could have significant Continue Reading →

Discover the Fastest Selling Zip Codes in the St. Louis Metro Area

By Dennis Norman, on April 16th, 2026

The St. Louis metropolitan area is witnessing a dynamic real estate market, with certain zip codes standing out for their rapid turnover. Leading the charge is Franklin, Crawford, where homes are flying off the market in an impressive average of just 25 days. With 40 active listings, this area boasts an average list price of $285,980, making it an attractive option for both buyers seeking swift transactions and sellers looking to capitalize on high demand.

Not far behind, Jefferson holds the second position with 13 listings averaging just 8 days on the market. Meanwhile, another area in Franklin ranks third Continue Reading →

St. Louis Lands in Top 15 Most Affordable Housing Markets… Opportunity Is Still Here

By Dennis Norman, on April 15th, 2026

St Louis Housing Affordability -Ranked 11th in Nation

St. Louis continues to stand out nationally for something that matters to just about every homebuyer… affordability. According to the latest rankings, St. Louis is now the 11th most affordable housing market in the U.S., reinforcing what many local buyers and investors already know… you simply get more for your money here than in most major metro areas.

As the graphic shows, cities like Pittsburgh, Cleveland, and Oklahoma City top the list, but St. Louis sits comfortably in the upper tier, ahead of markets like Grand Rapids, Little Rock, and Columbus. That’s impressive when you consider St. Louis offers not Continue Reading →

Jefferson County Real Estate Market Sees Strong Growth in March 2026

By Dennis Norman, on April 15th, 2026

The Jefferson County real estate market continues to show robust growth as of April 2026. In March, homes sold for a median price of $295,000, marking a significant increase of 10.49% compared to March 2025, when the median price was $267,000. This upward trend is also evident when comparing to February 2026, with a 1.03% rise from a median price of $292,000.

The median list price in March 2026 was $324,900, reflecting a 12.03% increase from $290,000 in March 2025. Additionally, home sales in the region rose to 222, a 4.23% increase from the 213 homes sold in March Continue Reading →

Real Estate Fraud Is Exploding… and It’s Hitting Closings Where It Hurts Most

By Dennis Norman, on April 15th, 2026

Real estate fraud is not just a theoretical risk… it is a growing and very real threat, and the latest FBI data shows it is costing Americans hundreds of millions of dollars each year. According to the FBI’s Internet Crime Complaint Center (IC3) 2025 report, there were 12,368 real estate fraud complaints nationwide, resulting in more than $275 million in reported losses. That is a significant number, and while St. Louis is not singled out specifically, our local market is certainly not immune to these same risks.

One of the most concerning aspects of real estate fraud today involves wire Continue Reading →

Missouri Cracks Down on Sale-Leasebacks…Mandatory Warnings, Delays, and $10K Penalties

By Dennis Norman, on April 14th, 2026

A lesser-known but very significant part of Missouri Senate Bill 1001 could have a major impact on sale-leaseback transactions, a strategy often used by distressed homeowners and investors. While most attention has focused on wholesaling, this portion of the bill introduces strict new disclosure requirements designed to protect sellers who sell their home and then rent it back. Like the wholesaling provisions, this is part of the perfected bill that has passed the Senate and is now in the House, but has not yet become law.

Under SB 1001, any buyer involved in a sale-leaseback transaction must provide the seller Continue Reading →

Missouri SB 1001 Targets Real Estate Wholesalers…Here’s What It Means for Investors

By Dennis Norman, on April 14th, 2026

A major piece of legislation moving through Jefferson City could significantly impact real estate wholesalers and contract assignment deals in Missouri, and it’s something investors and flippers in the St. Louis market need to be watching closely. Senate Bill 1001, in its perfected form, has already passed the Missouri Senate and is now under consideration in the House, but it has not yet become law. If passed and signed, it will introduce new disclosure requirements that directly affect wholesalers assigning contracts.

The key provision for investors is the new requirement that any “wholesaler” entering into a contract to purchase residential Continue Reading →

Discover the Fastest Selling School Districts in the St. Louis Metro Area

By Dennis Norman, on April 12th, 2026

The St. Louis metropolitan area is witnessing a dynamic real estate market, with certain school districts standing out for their swift home sales. Leading the pack is Columbia DIST 4 in Monroe and St. Clair counties, Illinois, where homes are selling at an impressive average of just 13 days on the market. With six active listings, this district boasts an average list price of $540,633, making it an attractive area for families seeking both speed and value in their home buying journey.

Following closely is Pontiac-W Holliday DIST 105 in St. Clair, Illinois, with homes taking an average of 14 Continue Reading →

April 2026 Metro East Real Estate Market Update: Rising Home Prices and Increased Sales

By Dennis Norman, on April 9th, 2026

The Metro East real estate market continues to show robust activity as of April 2026. Homes sold for a median price of $201,500 in March 2026, marking a significant 10.56% increase from the median sold price of $182,250 in March 2025. However, this median price reflects a slight decrease of 1.71% compared to February 2026, when the median sold price was $205,000. Meanwhile, the median list price in March 2026 rose to $225,000, up 7.40% from $209,500 in March 2025.

The number of home sales also saw positive growth, with 562 homes sold in March 2026, a 2.93% increase from Continue Reading →

April 2026 St. Charles County Real Estate Market Update: Rising Prices and Reduced Sales

By Dennis Norman, on April 8th, 2026

The St. Charles County real estate market continues to experience significant changes, as evidenced by the latest data from March 2026. Homes in the area sold for a median price of $375,000, marking a 5.90% increase from March 2025’s median of $354,112. This upward trend is also reflected in a month-over-month comparison, with March’s median price showing a 7.14% rise from February 2026, when the median was $350,000.

In terms of listing prices, the median list price in March 2026 reached $415,000, representing a substantial 14.33% increase from the previous year’s median list price of $363,000. However, despite the rising Continue Reading →

Kirkwood Demolition Lawsuit Tossed…Court Says Neighbors Had No Right to Stop 751 N Taylor Ave Project

By Dennis Norman, on April 7th, 2026

A recent court decision involving the historic home at 751 North Taylor Avenue in Kirkwood makes one thing very clear…just because people don’t like what a property owner is doing doesn’t mean they have the legal right to stop it.

The case, Fogarty et al vs. Sorkin et al, was filed by neighbors and others trying to block the demolition of the Marquitz-Garesche House, a home built in 1858 and located in Kirkwood’s North Taylor Historic District. The plaintiffs pushed for a restraining order and injunction to stop the demolition, citing historic preservation and concerns about how the City of Continue Reading →

St. Louis MSA Real Estate Market Update: April 2026

By Dennis Norman, on April 7th, 2026

The St. Louis Metropolitan Statistical Area (MSA) real estate market continues to show a robust performance as of April 2026. Homes in the region sold for a median price of $285,000 in March 2026, marking a 6.74% increase from March 2025, when the median price was $267,000. This figure also reflects a 5.58% rise from February 2026, when the median sold price was $269,950. The median list price for homes reached $299,900, up 5.23% from $285,000 in March 2025.

In terms of sales volume, there were 2,572 home sales in March 2026, a slight decrease of 1.27% compared to the Continue Reading →

Brentwood Forest Condos in 2026: A Market That Didn’t Collapse…But Definitely Changed

By Dennis Norman, on April 1st, 2026

Brentwood Forest Condos in 2026: The Market Didn’t Collapse…But It Changed

In June 2024, I wrote about the challenges facing Brentwood Forest Condominiums and the impact of structural concerns, increased lender scrutiny, and the loss of FHA approval. If you missed that article, you can read it here. At the time, the big question was whether this was a short-term disruption or something more fundamental. Now, almost two years later, we’ve got the answer…it wasn’t temporary, and it didn’t just “slow the market down,” it changed who the market is. When Brentwood Forest ran into lending issues and became non-warrantable for many lenders, the buyer pool didn’t shrink a Continue Reading →

St. Louis Mortgage Rates Dip Below 6.5% in March 2026 – Homebuyers See 30-Year Fixed at 6.48%

By Dennis Norman, on March 26th, 2026

In March 2026, St. Louis homebuyers are witnessing a favorable shift in mortgage rates, with the 30-year fixed rate decreasing to 6.48%, down by 0.07% from previous levels. This decline marks a continued easing in rates, offering potential savings for those entering the housing market. Similarly, the 15-year fixed rate has subtly reduced to 6.09%, providing additional options for buyers looking to pay off their homes more quickly. These rate reductions reflect a broader trend of falling interest rates across the board, including decreases in 30-year FHA and Jumbo loans, as well as adjustable-rate mortgages like the 7/6 SOFR ARM.

Continue Reading →

MLS Transparency Under Fire: How Off-Market Listings Hurt St. Louis Home Buyers and Sellers

By Dennis Norman, on March 25th, 2026

In a real estate market where access to information can make or break a deal, a recent statement from the Council of Multiple Listing Services (CMLS) reinforces a critical point: transparency is not optional, it is essential. CMLS, a national organization representing MLS systems across the country, issued a response to what it calls a “false narrative” suggesting that limiting listing exposure somehow benefits consumers. For buyers and sellers here in St. Louis, this hits close to home as discussions around office exclusive listings and off-market properties continue to grow.

CMLS made its position clear: “Real estate competition is built Continue Reading →

Credit Score Costs Surge as Hawley Launches Investigation Into FICO Pricing

By Dennis Norman, on March 25th, 2026

Missouri homebuyers could soon see relief from rising mortgage costs as Senator Josh Hawley takes aim at what he calls excessive pricing by credit scoring giant FICO. In a recent move, Hawley launched an investigation into the company’s pricing practices, citing concerns that sharp increases in credit score fees are contributing to housing affordability challenges, particularly for first-time buyers.

According to Hawley’s office, FICO recently doubled its per-score fee from $4.95 to $10.00, a more than 100% increase in just one year. Since most mortgage lenders rely on FICO scores for underwriting, and borrowers often have multiple credit pulls during Continue Reading →

Homeowners Beware: New Fraud Scheme Uses Stolen Identities to Tap Home Equity

By Dennis Norman, on March 23rd, 2026

Real Estate Fraud scheme - targets senior homeowners

There’s a growing type of real estate fraud happening across the country that every homeowner, especially seniors, should be aware of. A recent federal indictment outlines an alleged scheme in which criminals targeted property owners, stole their identities, and tried to obtain loans against homes without the owners’ knowledge. While this case happened outside of St. Louis, the tactics described are not unique to one market and could be attempted here as well.

According to the federal indictment (see full document below), the scheme allegedly involved multiple people working together to gather personal information from victims, create fake identification, and Continue Reading →

March 2026 St. Louis City Real Estate Market Update: Rising Home Prices Amidst Decreasing Sales

By Dennis Norman, on March 21st, 2026

The St. Louis City real estate market continues to experience dynamic changes as of March 2026. In February 2026, homes in the St. Louis City area sold for a median price of $222,000. This represents a notable increase of 9.63% from February 2025, when the median sold price was $202,500. The median sold price also rose by 10.45% compared to January 2026, when it was $201,000.

Despite the increase in selling prices, the median list price in February 2026 was $220,000, marking a decrease of 6.38% from $235,000 in February 2025. Additionally, the number of home sales in February 2026 Continue Reading →

Federal Court Blocks FinCEN Rule on Cash Real Estate Deals…Big Win for Investors

By Dennis Norman, on March 20th, 2026

A major federal court decision just delivered a significant win for real estate investors and anyone involved in cash transactions. A U.S. District Court has vacated the FinCEN rule that would have required nationwide reporting of most non-financed residential real estate transactions involving entities and trusts, effectively shutting down the rule before it could fully reshape the investment landscape.

The rule, finalized in 2024 and effective December 1, 2025, would have required reporting on an estimated 800,000 to 850,000 transactions annually, with projected compliance costs ranging from approximately $428 million to $690 million in the first year alone. :contentReference[oaicite:0]{index=0} The Continue Reading →

Home Prices Have Soared…But Have They Really? A Deeper Look at the Data

By Dennis Norman, on March 20th, 2026

When people say home prices are out of control, they are usually looking only at the price in dollars. Your chart shows why that can be misleading. In St. Louis, the median home price rose from about $39,000 in 1975 to about $340,000 today, and gold also went up about 8 to 10 times over that same period. That does not necessarily mean houses became dramatically more expensive in real terms. It shows how much buying power the dollar has lost.

The gold comparison is what really changes the picture. In 1975, it took about 274 ounces of gold to Continue Reading →

March 2026 Franklin County Real Estate Market Update: Rising Prices and Sales

By Dennis Norman, on March 20th, 2026

The Franklin County real estate market continues to show signs of growth as we move through March 2026. In February, homes sold for a median price of $262,500, marking a 0.96% increase from both February 2025 and January 2026, when the median sold price was $260,000. This steady rise in home prices reflects a robust demand in the area.

Additionally, the median list price in February 2026 was $303,000, representing a significant 13.91% increase from $266,000 in February 2025. This surge in list prices suggests sellers are optimistic about the market’s strength and are positioning their properties accordingly.

February 2026 Continue Reading →

St. Louis Mortgage Rates Climb to 6.36% in March 2026 – 30-Year Fixed Sees Notable Rise

By Dennis Norman, on March 19th, 2026

As of March 19, 2026, St. Louis homebuyers are witnessing a continued upward trend in mortgage rates, with the 30-year fixed rate mortgage now reaching 6.36%, marking a 0.07% increase. This moderate rise in rates signifies a broader pattern of escalating costs for financing in the region. The 15-year fixed rate also experienced a slight uptick, now standing at 5.97%, an increase of 0.04%. These changes are part of a larger trend affecting various loan products, including the 30-Year FHA and Jumbo loans, as well as adjustable rate mortgages such as the 7/6 SOFR ARM, all of which have seen Continue Reading →

The Neighborhoods Where Homes Are Still Under 200K – A St. Louis First-Time Buyer Map for 2026

By Dennis Norman, on March 19th, 2026

Exploring Affordable Neighborhoods in St. Louis for First-Time Buyers

In a housing market that’s constantly evolving, finding a home within budget can be a daunting task for first-time buyers. Fortunately, even in 2026, the St. Louis metro area offers dozens of neighborhoods where median home prices remain under $200,000. This provides an accessible entry point into homeownership without breaking the bank. We have pulled the latest 12-month sales data from the MLS to identify the best options, scattered across the entire MSA on both the Missouri and Illinois sides.

To explore the full interactive data for every municipality and zip Continue Reading →