While it does appear the St Louis real estate market has hit bottom and begun to slowly make some headway to a recovery it is clearly not going to be without some bumps in the road along the way. One of those bumps appears to be home prices as, according to a report just released by Fiserv indicates, St Louis home prices are projected to fall 2.7 percent by next summer. Continue Reading →
The St. Louis Real Estate market (the 5-county core St Louis Real Estate area I’m showing which includes the City of St Louis and the Counties of St Louis, St Charles, Jefferson and Franklin) saw home prices fall slightly (1.1 percent) in October from September to a median price of $120,000 which is an increase of 4.4 percent from a year ago. St Louis home sales, on the other hand, rose in October 6.6 percent from the month before to 2,607 homes, an increase of 18.9 percent from a year ago. If you would like to receive a free copy of the NAR home sales report please click here for immediate access. Continue Reading →
Annually, the National Association of REALTORS (NAR) conducts a survey of people that bought and/or sold a home in the past year to learn about their shopping habits, what motivated them to do what they did, etc. The NAR “Profile of Home Buyers and Sellers” for 2012 was just released and shows, among other things, that 90 percent of home buyers used the internet in finding the home they bought and, of those, about half used a local MLS site and/or agent/company site Continue Reading →
As the St Louis real estate market continues to show signs of improvement in many areas, as I often talk about, real estate is very local, so markets within a metro area can behave quite different. Aware of this, many home buyers, particularly home buyers relocating to St Louis, often want to know what are the “hot” markets, or the markets that have definitely begin to come back? Seller’s want to what the hot markets are as well with the hope they will see their city or zip on the list. Continue Reading →
The National Association of REALTORS® (NAR) announced this morning that U.S. existing home sales, and prices, slipped slightly in September, falling 1.7 percent from the month before however were up 11 and 11.3 percent, respectively, from the year before. The St. Louis Real Estate market, as the charts below show, we see slightly different data, at least for the 5-county core St Louis Real Estate area I’m showing (the City of St Louis and the Counties of St Louis, St Charles, Jefferson and Franklin). In this core area, which makes up the bulk of the Saint Louis real estate market, home prices fell 7.6 percent in September, from the month before, to a median price of $121,884 and home sales slid over 20 percent to 2,428 homes sold in September, down from 3,045 in August. Continue Reading →
According to a report released this week by Interest.com, St. Louis is the 5th most affordable metro area in the U.S. with a median-income household having 23 percent more income than needed to buy a median priced home. Continue Reading →
St. Louis home prices are on the rise as all signs continue to point toward a recovery for the St. Louis real estate market! The table below shows the change in the median list prices from a year ago for the 25 St. Louis area zip codes with the highest increases. Now, before people that live in some of the top zip codes on the list get too excited, remember, this does not mean that the actual value of a home rose by the percentage indicated, it just means the median list price has which could be the result of higher priced homes hitting the market. Having said that, the trend of list prices, along with other related data on the St Louis real estate market I’m seeing, is still a positive sign and a strong indicator of better times ahead for the St Louis real estate market. Continue Reading →
The St. Louis Real Estate Market is showing signs of strengthening and even recovery in many of the neighborhoods throughout St. Louis. To get the latest St. Louis Real Estate Stats and the latest, best and most comprehensive St Louis Real Estate Data, check out our 5-minute video update below for October for the St Louis real estate market. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show Continue Reading →
St. Louis Home Prices are showing signs of stabilizing and the inventory of homes for sale in St. Louis has declined to the lowest period we’ve seen in a while, both of which are signs of good things to come for the St Louis real estate market. Find out more, and get the latest St Louis real estate stats and market data in my video update below for September on the St Louis real estate market. Continue Reading →
Over the past few months I have talked a lot about whether St Louis home prices have hit bottom yet and, in an article about 3 months ago said it appeared they bottomed out last year. When writing on the topic have stressed that, by the time we see solid proof of the bottom we will be past it and home prices will already be on the rise. Today’s pending home sales from the National Association of REALTORS (NAR) supports this notion and shows signs that increasing demand and decreasing supply is putting a damper on the rate of recovery of home sales and will also lead to higher home prices. Yesterday I wrote about home prices in the U.S. increasing 6.9 percent in the 2nd quarter (according to the Case-Shiller index) and increasing over 5 percent during the same period here in St. Louis. Continue Reading →
Below is a video update on the St. Louis Real Estate Market that I prepare monthly. In this video I do a quick recap of the news in the St Louis real estate market for the month as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue Reading →
St. Louis sellers and listing agents are showing some modest confidence in the St Louis real estate market as indicated by the increases in the asking prices of homes for sale in St. Louis. According to data from the St. Louis Home Team, asking prices in the St. Louis metro area rose just a tad (0.3 percent) in August from the month before and were up 2.4 percent from a year ago. Continue Reading →
Here’s some good news to end our week with: In St. Louis the number of homeowners that are underwater on their mortgage (owe more than their home is worth), otherwise known as being in a “negative equity” position, dropped to 90,196 homeowners, or 16.1 percent of all St. Louis homeowners with a mortgage, in the first quarter of this year, down from 101,829 St Louis homeowners, or 18.1 percent during the prior quarter, according to a report just released by Corelogic. Continue Reading →
Below is a video update on the St. Louis Real Estate Market that I prepare monthly. In this video I do a quick recap of the news in the St Louis real estate market for the month as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue Reading →
Below is a video update on the St. Louis Real Estate Market that I prepare monthly. In this video I do a quick recap of the news in the St Louis real estate market for the month as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue Reading →
The St. Louis real estate market has increased activity and is showing signs of St Louis home prices stabilizing. Get this and much more up to date information on St Louis Real Estate from an experienced St Louis Realtor in this informative video update. Continue Reading →
A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in March 0.6 percent from the year before and increased by 0.6 percent from the month before. Excluding distressed sales, month-over-month home prices increased for the third month in a row. If we take distressed sales out of the picture then the year-over-year home prices increased 0.9 percent. According to the report, St. Louis home prices declined by 3.4 percent in March 2012 compared to March 2011. Excluding distressed sales, year-over-year prices increased by 1.7 percent in March 2012 compared to March 2011. Continue Reading →
In a report released by Trulia, which looks at changes in asking prices on homes that are for sale as a leading indicator of where the market is headed, asking prices on homes for sale, on a year over year basis, were up 0.2 percent nationally. Here in St. Louis, as the chart below shows, we can see that year–over-year asking prices in the St. Louis MSA are up almost 1 percent, or almost 5 times the national average but still far from the ten MSA’s in the U.S. with the highest price increases (see table below). Continue Reading →
Below is a video update on the St. Louis Real Estate Market that I prepare monthly. In this video I do a quick recap of the news in the St Louis real estate market for the month as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue Reading →
Below is a video update on the St. Louis Real Estate Market that I prepare monthly. In this video I do a quick recap of the news in the St Louis real estate market for the month as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue Reading →
In this video I do a quick recap of the news in the St Louis real estate market for the week as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. Continue Reading →
Two things are driving home buyers into the real estate market; babies and jobs, according to a survey just released by Coldwell Banker. According to the survey, 70% of real estate professionals surveyed say the “most common” reason buyers are searching for a new home today is a result of a new baby or growing family, followed closely by a relocation for a job. Other things driving buyers into the market include marriage, divorce and retirement. Continue Reading →
Below is a video update on the St. Louis Real Estate Market that I prepare weekly. In this video I do a quick recap of the news in the St Louis real estate market for the week as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where Continue Reading →
Below is a video update on the St. Louis Real Estate Market that I prepare weekly. In this video I do a quick recap of the news in the St Louis real estate market for the week as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue Reading →
The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue Reading →
Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices Continue Reading →
St Louis Real Estate Market weekly update by St Louis REALTOR, Dennis Norman, broker-officer of MORE, REALTORS. Continue Reading →
St Louis home sales in December increased 2.3 percent from the month before and were up 3.3 percent from a year ago. The increase in St Louis home sales follows suit with the trend in U.S. home sales as reported today by the National Association of REALTORS® which shows existing home sales in December were at at a seasonally adjusted-annual rate of 4.61 million units, an increase of 5.0 percent from the month before and an increase of 3.6 percent from a year ago. Continue Reading →
Shortly after finishing my video recap of the 2011 St Louis Real Estate Market I began analyzing our market data and giving thought to the 2012 St. Louis Real Estate market. The end result? The MORE St Louis Market 2012 Forecast. For a link to my 15 minute video as well as a downloadable report, please submit your name and email address here and you will receive it immediately.
I just finished producing a video recapping the 2011 St. Louis Real Estate Market which includes, charts, graphs and facts about what took place in the St. Louis Real Estate market last year as well as where it ended up at year end.
This is a compliment to the weekly market update videos I produce that you can check out on our YouTube Channel, our facebook page or now you can subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)