Dennis Norman - St Louis Real Estate News

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 →

March 2026 St. Louis County Real Estate Market Update: Rising Home Prices Amid Decreased Sales

By Dennis Norman, on March 19th, 2026

The St. Louis County real estate market continues to show resilience as home prices rise despite a slight dip in sales. In February 2026, homes in the area sold for a median price of $250,001, marking a 3.79% increase from February 2025, when the median sold price was $240,875. This price also represents a negligible increase from January 2026, where the median was $250,000.

However, the median list price saw a significant decrease, dropping 14.29% to $240,000 from $280,000 in February 2025. This shift indicates a potential adjustment in seller expectations or market conditions. Additionally, there were 768 home sales Continue Reading →

Missouri Homeowners Hit With Nearly 34% Insurance Spike…Lawsuit Abuse May Be Part of the Problem

By Dennis Norman, on March 18th, 2026

lawsuit abuse and homeowners insurance cost

Homeowners across Missouri, including many in the St. Louis area, are feeling the squeeze from sharply rising insurance premiums, and a newly released report suggests legal system abuse may be playing a bigger role than many realize. According to the report, Missouri homeowners insurance premiums have jumped 33.9% from 2021 to 2024, adding yet another affordability challenge for buyers, sellers, and real estate investors.

While severe weather and rebuilding costs are often blamed for rising premiums, the report points to increasing litigation tied to property claims, particularly involving roofing, wind, and hail damage. These lawsuits can drive up claim costs Continue Reading →

Housing Bill Gains Momentum…But Will It Actually Lower Prices?

By Dennis Norman, on March 18th, 2026

Congress Advanced a Big Housing Bill…But It Has Not Become Law Yet

If you are a homeowner, homebuyer, builder, or real estate investor, this is a bill worth watching…but let’s get the facts straight first. H.R. 6644 has not passed Congress yet. The House passed its version of the bill in February, then the Senate passed an amended version in March and sent it back to the House. So, while this housing package has real momentum, it is not law at this point.

The reason this matters is because the Senate did not just rubber-stamp the House bill. It replaced Continue Reading →

St. Louis Metro Home Sales Experience Steady Growth in Early 2026

By Dennis Norman, on March 17th, 2026

The St. Louis metropolitan area is witnessing a steady increase in home sales as 2026 unfolds, with 4,038 homes sold by the end of February. This represents a slight yet positive growth of 0.62% compared to the same period last year, when 4,013 homes were sold. This upward trend indicates a resilient housing market, offering opportunities for both home buyers and sellers to engage in a dynamic real estate environment. The real estate market in the St. Louis metro area, spanning counties in both Missouri and Illinois, continues to be a focal point for families seeking to settle in a Continue Reading →

No, Credit Score Requirements Didn’t Suddenly Change in 2026, But This Did

By Dennis Norman, on March 17th, 2026

I have been hearing a lot lately from buyers who think something major changed with credit score requirements this year. The short answer is no, there was no big overhaul that suddenly made it easier to qualify for a mortgage. If your credit was a problem last year, it is still a factor today.

That said, there have been a couple of changes on the conventional loan side that are worth understanding, especially if you are close to qualifying. They are not game changers for everyone, but they could make a difference for some buyers in the St. Louis market.

Continue Reading →

The Aging Homeowner Problem and St. Louis’ Hidden Inventory Crunch

By Dennis Norman, on March 16th, 2026

Aging St Louis Homeowners - Silver Tsunami

For years housing analysts talked about the coming “silver tsunami.” The idea was that as baby boomers aged, millions of homes would eventually hit the market as owners downsized, moved to retirement housing, or passed homes on to their heirs. Because baby boomers own such a large share of the nation’s housing stock, many believed this transition would release a wave of inventory that would help relieve housing shortages, especially for entry level buyers.

That wave has not arrived, at least not yet, and the St. Louis market illustrates why.

A large portion of Continue Reading →

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

By Dennis Norman, on March 16th, 2026

If you’re considering buying or selling a home in the St. Louis metropolitan area, knowing where the market is hottest can give you a significant advantage. Currently, the fastest selling zip code is in Jefferson, Missouri, where homes are flying off the market in just 15 days on average. With six active listings, the average list price here stands at $249,816, making it an attractive option for families looking for a swift transaction in a competitive market.

Following closely is a zip code in Lincoln, Missouri, where homes spend an average of 26 days on the market among the 10 Continue Reading →

Jefferson County Real Estate Market Sees Rising Prices Amid Fewer Sales – March 2026 Update

By Dennis Norman, on March 15th, 2026

The Jefferson County real estate market continues to exhibit growth in home prices as of March 2026. According to the latest data, homes sold for a median price of $290,000 in February 2026, marking a 5.47% increase from the median price of $274,950 in February 2025. This upward trend is also reflected in a month-over-month increase of 3.59% from January 2026, when the median sold price was $279,950.

The median list price in February 2026 was $339,900, a significant rise of 17.25% compared to $289,900 in February 2025. Despite these price increases, the number of home sales in Jefferson County Continue Reading →

St. Louis Mortgage Rates Surge: 30-Year Fixed Climbs to 6.24% in March 2026

By Dennis Norman, on March 12th, 2026

March 2026 is seeing a notable increase in mortgage rates in the St. Louis real estate market, with the 30-year fixed-rate mortgage climbing by 0.15% to reach 6.24%. This uptick marks a significant rise above the 6% threshold, indicating a challenging environment for potential homebuyers. Similarly, the 15-year fixed-rate mortgage has also increased by 0.15%, now standing at 5.84%. The upward trend is consistent across other mortgage products as well, including the 30-year FHA and VA loans, as well as the 7/6 SOFR ARM, all of which have seen significant hikes.

For St. Louis area buyers, these rising rates could Continue Reading →

Discover St. Louis’ Hottest School Districts for Home Sales

By Dennis Norman, on March 12th, 2026

In the bustling St. Louis metropolitan real estate market, Crystal City 47 in Jefferson County emerges as the fastest selling school district. With only 6 active listings, homes in this area are on the market for an average of just 19 days, boasting an average list price of $248,166. This rapid turnover indicates a high demand, making it an attractive option for families looking to settle quickly in a vibrant community. Just behind is the Grandview R-II district, also in Jefferson County, where homes spend an average of 34 days on the market, highlighting its appeal to potential buyers.

Meanwhile, Continue Reading →

March 2026 Metro East Real Estate Market Sees Rising Home Prices and Sales

By Dennis Norman, on March 9th, 2026

The Metro East real estate market continues to show strong growth as of March 2026, with significant increases in both home prices and sales volume. In February 2026, homes in the Metro East area sold for a median price of $205,000, marking a 14.53% rise from the median price of $179,000 in February 2025. This increase also represents a 13.89% jump from January 2026, when the median sold price was $180,000.

The median list price for homes in February 2026 was $215,000, up 4.49% from $205,770 in February 2025. Additionally, the number of home sales reached 483, a 5.92% increase Continue Reading →

St. Charles County Real Estate Market Update: March 2026

By Dennis Norman, on March 8th, 2026

The St. Charles County real estate market shows stability and growth as we analyze the latest data for February 2026. Homes sold for a median price of $350,000, remaining unchanged from February 2025. However, this represents a 1.55% increase from January 2026’s median sold price of $344,655. The median list price also saw a significant rise, reaching $456,500 in February 2026, up 26.81% from $360,000 in February 2025.

Additionally, home sales have increased, with 336 homes sold in February 2026, marking a 17.48% rise from 286 sales in February 2025. For a detailed visual representation of these trends, refer Continue Reading →