St Louis Real Estate Search

Will Zillow Put Real Estate Agents Out of Business?

It would be an understatement to say that Zillow® has many real estate agents nervous about their future. It’s not just Zillow® though, it’s Amazon, big banks, and dozens and dozens of new real estate start-ups and changing business models.

A true dysfunctional family…

The most common name that comes up in real estate agent […]

Homeownership Rate In U.S. Hits Highest Rate Since 2014

The homeownership rate in the U.S. hit 64.4 percent during the third quarter of this year, according to data just released from the Census Bureau. This is the highest rate of homeownership in the U.S. since the third quarter of 2014 when the rate was also 64.4%.

As the chart below shows, homeownership rates increased […]

Real Estate Agents Are In The Goldilocks Zone – What Does This Mean For Their Future?

Will technology send real estate agents into near extinction like it did with travel agents and may be doing with taxi-cab drivers today? This is a topic of frequent conversation in our industry, especially with dozens of new, well-funded startups, many with new and different business models, all gunning for a piece of the residential […]

St Louis Real Estate Market Holding Steady

In contrast to reports from around the country of a cooling housing market and even a possible bubble in some markets, the St Louis real estate market continues to hold steady. As our exclusive, STL Market Report for the St Louis 5-County core market below shows, during the past 12-months homes have sold at about […]

Mortgage Bankers Forecast Five-Percent Mortgage Rates Next Year

The Mortgage Bankers Association (MBA), in their Mortgage Finance Forecast released this week predicted that interest rates on home mortgages will continue to rise this year and will hit 5% early next year. According to the report, the interest rate on a 30-year fixed rate mortgage is expected to come in at an average of […]

Are Homes Going To Become ATM’s Again?

During the housing bubble that peaked around 2006 and then burst in 2008 one of the things that got many homeowners in trouble was using their home’s as ATM’s. They did this by using, in most cases, home-equity loans to take advantage of the equity they had in their homes to give them access to […]

Homeowner’s Equity Hits Record High

Homeowner’s equity (the difference between current home value and the total amount of debt against the home) has risen to a record level in the U.S. at $15.189 Trillion as of the 2nd quarter of this year, according to reports from the St Louis Fed Reserve. As the chart below illustrates, this level is even […]

St Louis Real Estate Market Update VIDEO – October 2018 – Home sales down but higher than 10 years prior to 2017

St Louis home sales continue to lag a little behind last year, however, through the end of September, year-to-date St Louis home sales are higher than they were for the ten years prior to last year! In fact, the YTD total home sales of 21,043 for the St Louis 5-County core market, falls just 130 […]

Home Affordability In St Louis Drops For All Counties In Third Quarter

One of the nice things about St Louis has always been that it’s an affordable place to live and an affordable place to own a home. However, as St Louis home prices, and mortgage interest rates, continue to increase, home affordability in St Louis has declined.

As the table below, which is based on data […]

Sellers Have Reduced Prices on Nearly Half The Homes Currently For Sale

It may still be a seller’s market in many areas of St Louis, but, as our table below shows, nearly half (48%) of the active listings in the St Louis market have had at least one price reduction since coming on the market.

St Louis 5-County Core Market – Active Listing Data

The Most Expensive Homes For Sale In St Louis

One of the great things about living in St Louis is it is a very affordable place to live, including when it comes to home ownership. Home affordability in St Louis is certainly much better than the coasts but also beats many, if not most, metro areas. Having said that, we do have our share […]

Are Homes Prices In St Louis Cooling?

Yesterday, the latest S&P Corelogic Case-Shiller (the biggest name in national home price data) home price indices were released for July 2018 (their reports lag behind somewhat). Even though in their press release, S&P stated “Data released today for July 2018 shows that home prices continued their rise across the country over the last 12 […]

New Home Construction Trend In St Louis Flat Overall

There were 4,642 new home building permits issued for the 7 counties in the St Louis area covered by the St Louis HBA during the 12-month period ended August 31, 2018, just 2 more (0.04%) than the 4,640 that were issued during the prior 12-month period, according to data from the St Louis HBA.

This […]

St Louis Home Sales Trend Remains Flat While Prices Rise

St Louis home sales remain consistent but fairly flat with 27,636 homes sold during the past 12 months, just slightly more than the 27,525 homes sold in the prior 12 month period, for the 5-County core St Louis market. As the table below shows, while home sales only increased by 0.40% during the period for […]

St Charles Makes Money Magazine’s 50 Best Places To Live In America List

Money Magazine just released its “The Best Places To Live In America” list and St Charles came in at number 32 on the list and was one of only two cities in Missouri to make the list. The other was Lee’s Summit, in the Kansas City area, which came in at number 41 on the […]

Mortgage Delinquency Rates Continue to Improve-St Louis Distressed Home Sales Falling

Mortgage delinquency rates, the precursor to foreclosures, continue to fall as the real estate market continues to perform well. The 30-plus day mortgage delinquency rate for June 2018 fell to 4.3% of all outstanding mortgages down from 4.6% a year ago, according to a report just released by CoreLogic. Frank Nothaft, the Chief Economist for […]

Today’s Headlines Say St. Louis Is “Among worst cities for buying a house” – True or not?

Not that anyone that reads my articles on a regular basis needs any more proof of this, but there was yet another example today of just how “local” real estate is, and why it is so important to make sure you have good, accurate, up to date information before making real estate decisions. Today, the […]

Who Wins When Buyer Buys From Listing Agent?

One question that causes much debate among the real estate community and confusion among home buyers is “should you buy a home directly from the listing agent?”. Many home buyers feel like they will get a better deal buying directly from the listing agent, thinking that it will save the seller some money in the […]

House Flipping In St Louis Drops Twenty-Three Percent In 2nd Quarter

House flipping, something that has become quite popular among investors over the past few years and has even spawned several reality TV shows, continues to decline in terms of the number of flips. This is certainly not due to a lack of interest but instead a lack of opportunities. Many flipping opportunities are the result […]

Report Today Says St Louis Housing Inventory Fell 26 Percent In Past Year…Maybe not though…

This morning I noticed the St Louis Business Journal was reporting “In July, the local housing inventory fell to 2.6 months…That marked a 26 percent decrease since the same month last year“. This report immediately caused me some concern as I didn’t think the inventory was down nearly that much. Given that I personally spend […]

New Home Sales In Midwest Up This Year Over 14 Percent From Same Time Last Year

The sale of new homes in the Midwest region of the U.S. is on the rise according to a report just released by the Census Bureau. In July, new homes in the Midwest sold at a seasonally adjusted annual rate of 78,000 homes, an increase of 9.9% from June and an 18.2% increase from July […]

Distressed Sale Opportunities For Investors Declined 30 Percent In Past 12-Months

As the interest in investing in real estate in St Louis continues to increase, whether to buy, fix and flip or to buy and hold for rental, the number of opportunities to do so continues to decline. The primary source of “deals” for investors is typically “distressed” sales; property that has been foreclosed on and […]

HUD Files Housing Discrimination Complaint Against Facebook

The U.S. Department of Housing and Urban Development (HUD) just announced that they have filed a formal complaint against Facebook for violating the Federal Fair Housing Act by “allowing landlords and home sellers to use its advertising platform to engage in housing discrimination“.

Some of the ways HUD alleges that Facebook platform violates the Federal […]

St Louis Real Estate Market Update VIDEO – August 2018

While St Louis home sales are flat this year the overall market conditions remain good. The low inventory of homes for sale continues to benefit St Louis sellers! Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market In our MORE, […]

Why Aren’t More Millennials Buying Homes?

I may have the answer to the $64 question, why aren’t more millennials buying homes? The real estate industry spends a fair amount of time discussing the millennial generation trying to determine where they want to live, urban or suburban, and whether they want to own a home or are happier being a renter. I […]

St Louis Zip Codes Where Home Prices Have Increased The Most In Past 12 Months

Home prices in the St Louis metro area increased at what is a pretty “normal” rate (historically speaking) of about 3.5% in the past year. However, as you hear me say often, all real estate is local, so the market varies significantly from neighborhood to neighborhood. For example, on our St Louis Median Home Price […]

Are Home Prices Too High in Jefferson County? Is a Correction Coming?

Yesterday, I had lunch with a friend in the industry who expressed his concern that the Jefferson County real estate market was cooling off a little and questioned the possibility a market correction. I referenced the article I wrote last week in which I explored the possibility of a market correction in St Louis and, […]

Housing Market Report Card Gives 28 St Louis Neighborhood An “A” and 16 An “F”

In a neighborhood housing market report card just released by ATTOM Data Solutions, 10,950 neighborhoods across the nation were given a grade ranging from an A to an F. The neighborhood grades were based upon six factors related to the housing market: housing affordability, home price appreciation, public school scores, crime rates, unemployment rates and […]

See Some of St Louis’ Most Expensive Homes This Weekend

If you are in the market for a luxury home in St Louis, you have the opportunity to view some of St Louis’ most expensive homes this weekend. Tomorrow, there will be more than a dozen open houses on luxury homes in St Louis priced at $1,000,000 and above. The luxury home open houses extend […]

St. Louis’ Top 10 Fastest Selling Cities In July 2018

During the month of July, the homes that sold in Maplewood, Missouri took a median time of just 5 days to sell making Maplewood the fastest SOLD city in the St Louis MSA for July 2018! For July, the two fastest selling cities in St Louis took less time to sell than the number 1 […]