St Louis Home Prices Increased At Twice The Rate Of Rental Rates From 2018-2022

Should I rent or buy a home in St Louis?  This is a question St Louis REALTORS® are often asked, especially in the past few years while homes appeared to be increasing weekly, there were often more than a dozen offers on a listing and generally the market seemed out of control.  Granted, some of that pandemonium has eased somewhat lately given the increase in interest rates and questions about the economy but the question still remains.  While there are many non-financial reasons people choose to buy their own home or condo versus rent, we’ll just look at the cost today.

Home prices increased at more than double the rate of rents…

As the chart below, exclusively available from MORE, REALTORS®, shows, the median price of homes sold in St Louis during 2018 was $178,800 and increased to $240,000 in 2022 for an increase of over 34% during the 4-year period.  The median rental rate of homes leased in St Louis during 2018 was $1,250 and increased to $1,450 in 2022 for an increase of 16% during the same 4-year period.  During this 4-year period the rate at which the price of St Louis homes increased was more than double the rate at which the rental rates of St Louis homes increased.

Factor in interest rates and the cost of home ownership increase and monthly cost of home ownership 

As the second chart below shows, mortgage interest rates during 2018 were in the mid-to upper 4’s and in the 6’s and even hit 7% during 2022 so this means in addition to home prices going up, payments went up even more.  For the sake of this comparison, we’ll use 4.7% as the rate for 2018 and 6.7% for 2022.  Therefore, the payment on a typical home in 2018 (principal and interest only based upon a 5% downpayment) would have been $881 per month and in 2022 increased by 67% to $1,471 per month.  So, while the actual price of a home increased 34% during the period the monthly cost of it, in terms of house payment, increased at nearly double that rate, 67%.  During the same period rents increased just 16% so the monthly cost of buying a home increased four-times as much.

Continue reading “St Louis Home Prices Increased At Twice The Rate Of Rental Rates From 2018-2022

St Louis Home Sales Trend Slows Slightly In August

There continue to be conversations by St Louis REALTORS® as well as other industry professionals as to whether or not the market is cooling off somewhat or slowing down.  I keep watching the data closely to look for signs of a substantive change and while there are some, the market adjustments appear to be somewhat insignificant at this point. Last month, in an article about July’s market, I pointed out a slight slowing of the trend in July.  Now, I’m taking a look at August, specifically, the number of new listings that came on the St Louis real estate market during that month versus the number of new sales during the month.

More new listings in August than a year ago, fewer new sales:

As the STL Real Estate Trends Reports below show (exclusively available from MORE, REALTORS®) 3,702 new listings came on the market in the St Louis 5-County core during August, an increase in new St Louis listings of 3.2% from a year ago when there were 3,586 new listings.  Conversely, there were 3,861 new sales of homes last month, a decrease in St Louis home sales of 2.2% from a year ago when there were 3,949 new contracts written.

New contracts written exceeded listings again but not by as much margin:

During August 2020, the number of new contracts written on listings exceeded new listings in St Louis by about 10 percent (10.1%).  Last month, new sales of St Louis listings only exceed the number of new listings by just over 4 percent (4.2%).

So, as I mentioned, the change in trend is slight, but something worth keeping an eye on.

[xyz-ips snippet=”Homes-For-Sale”]

Continue reading “St Louis Home Sales Trend Slows Slightly In August

The Value of Good Data Coupled With a Good Agent

What an interesting real estate market we’ve experienced in St Louis over the past few years!  Seller’s fully expect their homes to sell the first weekend after hitting the market, with a feeding frenzy by buyer’s and bidding wars that drive the price above the list price.  Buyer’s come to realize if they are going to be successful in buying a home they have to think fast, take chances and move quick!  Heck, with a market like this, it’s no wonder a lot of folks, particularly sellers, don’t necessarily see a need for a real estate agent.

However, the reality is that sellers and buyers need a great agent now more than ever.  Yes, I emphasized great as, like in any profession, there are varying levels of knowledge, experience and professionalism among real estate agents.   In addition to having a great agent that agent needs timely, accurate market data, along with an understanding of the market resulting in complete market knowledge.  Unfortunately, this combination is not easy to find. 

So what’s the actual price, $270,000 or $250,000?

[xyz-ips snippet=”Homes-For-Sale”]

Continue reading “The Value of Good Data Coupled With a Good Agent

REALTORS® Association Considers New Rule Requiring All Listings Be In MLS

The MLS Technology and Emerging Issues Advisory Board, of the National Association of REALTORS® (NAR), proposed a rule change that is sparking some controversy among its’ members.  The proposed “Clear Cooperation Policy” requires that all listings be put in the MLS within 24 hours of “marketing a property to the public“.  The policy defines “public marketing” as including, but not limited to, “flyers displayed in windows, yard signs, digital marketing on public-facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public”.

But, isn’t that how it is now?

Many consumers may having been thinking that this is how it was all along, that new listings were required to go into the MLS but, that is not currently the case.  Presently (and going back to the beginning of the MLS here in St Louis, I believe), agents have been able to determine the best marketing methods for their client, as well as allow their client input as to whether they wanted their listing in the MLS immediately, after a period of time or even not at all.

Continue reading “REALTORS® Association Considers New Rule Requiring All Listings Be In MLS

How Many Real Estate Agents Are There And How To Find a Good One?

According to the latest estimates by the National Association of REALTORS® (NAR), there are approximately 2 million licensed real estate agents in the United States.  Last year, according to the NAR, there were a total of 5.341 million existing homes sold which equates to one agent for every 2.67 homes sold during the year in the U.S.  Wow, talk about competition!  Granted, not all licensed agents sell residential real estate as many focus us on commercial real estate, including industrial, retail, office, multi-family, and land, and others focus on farms, large tracts of land, recreational property, etc.  Nonetheless, there is still a lot of competition in the real estate industry.

As of last month, there are 1,327,880 real estate agents that are members of the National Associaton of REALTORS® (NAR) and, according to a survey done by NAR of its membership, 70% of their members (929,516) list residential real estate brokerage and their primary field of practice.

How to choose a good real estate agent….

One question that is frequently asked by people interested in buying or selling a home is how should they choose a real estate agent?  You can find extensive information on how to choose a good agent at AvoidBadAgents.com, but below is a list of questions to consider asking an agent you are considering working with:

  • Are you a full-time real estate agent?
  • Are you a REALTOR®?
  • How long have you been an agent?
  • What professional designations and industry awards have you received?
  • How do they communicate?
  • Do they know technology and does their firm use it for your benefit?
  • Ask to be walked through the sales transaction.

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Who Pays The Buyers Agent?

I saw an article recently about the results of a survey done of home sellers that found that nearly half of them didn’t realize they pay the buyers’ agent commission when they sell their home.

Sellers pay the buyers’ agent in almost all home sales in St Louis…

While I don’t know for sure, I would guess that the people surveyed were homeowners that planned to sell their homes, rather than sellers that already had their homes listed for sale.  I say this because the standard listing agreement used by St Louis REALTORS® spells out the total commission being charged the seller, as well as the portion of the commission that will be paid to the buyers’ agent which I would think, would cause the seller to realize they are paying commission to the buyers’ agent.

While the seller, when presented with the listing agreement, could opt to not offer to pay commission to the buyer’s agent, the MLS rules require that all listings in the MLS (which is most of the St Louis home sales) include an “offer of compensation” for the buyers’ agent, which will come from the seller.  Therefore, the sellers have to either offer to pay the buyer’s agent or forego having their listing in the MLS, hence why sellers pay the buyers agent in nearly all instances.  It’s probably worth noting at this juncture that this practice has come under attack in a recent class-action lawsuit filed by Christopher Moehrl against The National Association of REALTORS®, Realogy Holdings Corp, HomeServices of America, Inc, Re/Max Holdings, Inc and Keller Williams Realty, Inc.  The suit, which can be accessed using the link below, seeks to ban this type of commission arrangement.

Christopher Moehrl v The National Association of REALTORS®

Continue reading “Who Pays The Buyers Agent?

Is The St Louis Housing Inventory Down 25 Percent Or Up 10 Percent? The Importance Of Understanding The Data.

I promise not to turn this article into one of my boring, lengthy diatribes that only a data nerd could enjoy, however, I do want to discuss something that I think is very important for all home buyers, sellers and investors.  Given that today there is a plethora of “data” and “information” available to us thanks, in large part, to the internet, and that home buyer, sellers, and investors (as well as the real estate agents working with them) make decisions based, at least in part, to those things, it is imperative to know you have the right data and that it is the relevant data or information.  Making a large financial decision, such as one related to buying or selling a house, on inaccurate, misunderstood or mispresented date or information, can literally cost you thousands of dollars.

A quick, and current, example…The St Louis Housing Inventory…

A report was released this past week from within the real estate industry that indicated there was an “inventory of homes for sale” of 3,272 in the City and County of St Louis combined and that this was “down 24.9% from 2018“.  I saw many well-meaning real estate agents copy and paste the graphic or data on Facebook with messages that, if a buyer would create a little bit of a panic or concern on “missing out” and, if a seller, thinking competition is down so now is a good time to list your home and name your price.

Continue reading “Is The St Louis Housing Inventory Down 25 Percent Or Up 10 Percent? The Importance Of Understanding The Data.

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 circles when discussing the impact of the internet on the real estate profession topic is Zillow®, and usually in the context of “the enemy“, so to speak.  It seems to me the biggest fear among agents about Zillow® is that they want to eliminate real estate agents and instead give consumers a marketplace to buy and sell homes without the need for an agent.  What is most interesting to me about this, is that Zillow® made something like nearly $1 Billion last year from selling leads to, guess who? Yep, real estate agents. So, the group that is afraid Zillow® is gunning for them, is lining their coffers with cash to do so, see the dysfunction?  To be clear, I’m not blaming agents here for doing business with Zillow®, nor am I saying what Zillow® is doing is wrong, I’m just commenting on what I see and find it rather fascinating.

But wait there’s more…

Going back to Zillow® and all those leads they sell to agents, what makes it even more interesting is the fact that Zillow® is able to generate all those leads as a result of getting more than 1 million real estate agents in the U.S. to send their listings to them and give them permission to market them.  Hmm…

Continue reading “Will Zillow Put Real Estate Agents Out of Business?

St Louis Home Sales Decline Slightly While Prices Rise

Home sales in St Louis declined a little over 2 percent during the most recent 12-month period from the prior period while the median price of homes sold in St Louis rose 4.4%, according to the latest data from MORE, REALTORS.

St Louis home sales are trending downward slightly as well, as illustrated by the chart below.  The light green line depicts year to date home sales for the St Louis 5-county core market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) and reveals that through June of this year, there have been 13,237 homes sold and, at the same time last year, 13,466, a decline of 1.7% in year to date sales.

St Louis 5-County Home Sales & Home Prices

(click on the table below for live report and complete data)

St Louis 5-County Core Market YTD & Past 12 Months Home Sales

St Louis 5-County Core Market YTD & Past 12 Months Home Sales

 

Check Out St Louis’s $2Mil+ Home Sales From The Past Year

Last month the median price of homes sold in the St Louis MSA was a very-affordable $169,000 however, during past 12 months, homes have sold for as much as over 50 times that amount in St Louis.   That’s right, during the past year there was a home that sold for $9,000,000 in St Louis, over 53 times the median St Louis home price.  The $9,000,000 St Louis home that was sold was at 2105 South Warson and sold in November of last year for $9,000,000.  The next highest home sale was a $4,000,000 one at 760 Kent Road, followed by 2 more Ladue homes.  In all, 13 of the 31 homes that sold in St Louis for more than $2,000,000 (based upon MLS data) were in Ladue, 7 were in Clayton (3 of those being condo’s), 3 in Town & Country, 2 in Huntleigh, 2 in Chesterfield, 2 in Creve Coeur and 2 in the Central West End (both were condos at the Private Residences in Chase Park Plaza).  See below for addresses, photos and details.

Continue reading “Check Out St Louis’s $2Mil+ Home Sales From The Past Year

The Truth About The Mortgage Interest Deduction

Before I begin, I should point out that what I’m about to tell you runs contrary to what the National Association of REALTORS® (NAR), the largest trade association in the country and one I belong to and support, will tell you.  The NAR position on the mortgage interest deduction (MID) is, quoting from their website, “the mortgage interest deduction (MID) is a remarkably effective tool that facilitates homeownership.”  Many St Louis REALTORS® will echo the message of NAR but I think if more people took the time to look into the MID, and do a little simple math, they would see that the mortgage interest deduction does not appear to offer any real benefit to the ordinary, typical homebuyer in St Louis.

What brought this to mind this morning was a friend of mine on Facebook (who is a loan officer for a St Louis mortgage company) posted a link to an article written  by an owner of a Chicago real estate company outlining the benefits of the MID and, while I think he did an excellent job of laying out the potential tax savings of deducting mortgage interest and property taxes on a home, I think he left out a key component, namely, the Standard Deduction.

Why the MID doesn’t help the normal home buyer in St Louis:

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Continue reading “The Truth About The Mortgage Interest Deduction

Low Quality Real Estate Agents Threaten The Industry – So how do you choose a good one?

I often find myself very surprised to hear how a consumer chose the real estate agent they hired to represent them and hear things such as “I work with him…”, “She is a friend of….”, “He is my cousin…” etc.  When I hear these responses several things come to mind:

  • Wow, our industry has done a poor job of looking and acting like professionals in the eyes of the consumer.  So much so that many consumers don’t see a real estate agent as a true professional or, if they do, they don’t seem to use the same selection process as they would when selecting other professionals.
  • Many consumers think the process of buying and/or selling a home is much simpler than it really is and has far less liability associated with it than it really does.  Like many things, buying or selling a home today is much more regulated than it was even just 10 years ago the penalty for mistakes has grown significantly.  Come October 3rd, when the boat load of additional regulations associated with the Dodd-Frank Act go into effect, it will become even worse.
  • Consumers deserve to be more informed about the home-buying (or selling) process as well as how the real estate industry, and agents within it, work.  They also need to understand what to look for in an agent and choose one like they would choose an attorney, doctor or CPA.

The real estate industry is concerned about low-quality agents…shouldn’t you be?

Recently, there have been two reports issued by key players in the real estate industry, the National Association of REALTORS® (NAR) and Inman, in which concern about low quality real estate agents was expressed.  In the NAR report, title the “D.A.N.G.E.R. Report”, in which the trade association examined what they saw as threats to the real estate industry, under the “Dangers to Agents” category, #1 on the list was “Masses of Marginal Agents…”.

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Continue reading “Low Quality Real Estate Agents Threaten The Industry – So how do you choose a good one?

Where In St Louis Have The Most Sellers Lowered Home Prices?

Spring is just around the corner however, as I write this I hate to say there is snow coming down outside my window, and St Louis sellers as well as St Louis REALTORS are anxiously awaiting the increased home buying activity that typically comes in spring.   Many people equate the spring market with higher home prices however, there are many St Louis neighborhoods that have seen sellers busy lowering prices in the past 90 days.  Perhaps, they were overpriced to start with or perhaps the sellers wish to give themselves a competitive edge going into the spring market, but for whatever the reason, as many as 50% of the sellers have lowered home prices in the last 90 days in some St Louis neighborhoods.

The list below shows the 10 St Louis neighborhoods where the most sellers have lowered the price on their home within the past 90 days….to see the complete list for St Louis click here.

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Continue reading “Where In St Louis Have The Most Sellers Lowered Home Prices?

St Louis’ ‘Hot’ Housing Markets

saint-louis-real-estate-dennis-normanAs 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, want to know what are the “hot” markets, or the markets that have definitely begin to come back?  Sellers want to what the hot markets are as well with the hope they will see their city or zip on the list.  I think the best way to answer this question and to get a quick idea of the health of a local market, is the “Market Action Index” (MAI)  which looks at, among other things, supply and demand and then determines how hot or cold a market is.  The table below (which is real-time data so will change if you come back later and check it out again) shows the top 25 cities/zips in St. Louis based upon the MAI.  Of course, there is no one chart or piece of data that can tell you the health of a market as there are many factors that need to be taken into account, but this is a good place to start.

Continue reading “St Louis’ ‘Hot’ Housing Markets

St. Louis Real Estate Market and St. Louis Home Prices Update; May 2012

dennis-norman-st-louis-realtor-real-estate-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 Real Estate Market and St. Louis Home Prices Update; May 2012

Report shows home prices stabilizing;  St Louis home prices in March increase almost 3 times national rate

dennis-norman-home-prices-realtor

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 “Report shows home prices stabilizing;  St Louis home prices in March increase almost 3 times national rate

St. Louis Real Estate Market and Home Prices Update; April 2012

dennis-norman-st-louis-realtor-real-estate-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 Real Estate Market and Home Prices Update; April 2012

St. Louis Real Estate Market and Home Prices Update; March 2012

dennis-norman-st-louis-realtor-real-estate-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 Real Estate Market and Home Prices Update; March 2012

St. Louis Real Estate Market and Home Prices Update; February 24, 2012

dennis-norman-st-louis-realtor-real-estate-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 “St. Louis Real Estate Market and Home Prices Update; February 24, 2012

You Too Can Own a Castle!

judy-sepac-st-louis-realtor-185-stuartOn Sunday, my husband, daughter and I toured the Stuart Castle located in Eureka, MO. We had previously arranged to have 2 Brokers and another Realtor accompany us on the tour, but they were unable to attend. My husband was a bricklayer/stonemason and he was excited to see the Work that was done here.

When We arrived at this gem of a private and secluded property We had to open the gates to gain entry to the main drive to the mansion. I unlocked the gate and slid it open. I began to take photos & a video of the grounds and this architectural Wonder that was built with so much love and labor. (Don’t stop now, continue reading to see the video tour and photos!) Continue reading “You Too Can Own a Castle!

St. Louis Real Estate Market and Home Prices Update; February 17, 2012

dennis-norman-st-louis-realtor-real-estate-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 “St. Louis Real Estate Market and Home Prices Update; February 17, 2012

St. Louis Real Estate Market and Home Prices Update; February 10, 2012

dennis-norman-st-louis-realtor-real-estate-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 “St. Louis Real Estate Market and Home Prices Update; February 10, 2012

St. Louis Real Estate Market and Home Prices Update; February 3, 2012

dennis-norman-st-louis-realtor-real-estate-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 “St. Louis Real Estate Market and Home Prices Update; February 3, 2012

St. Louis Real Estate Market and Home Prices Update;January 27, 2012

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 “St. Louis Real Estate Market and Home Prices Update;January 27, 2012

St. Louis Real Estate Market and Home Prices Update;January 20, 2012

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, 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 Real Estate Market and Home Prices Update;January 20, 2012

St Louis Home Sales Increase in December; Inventory down to near normal level

Dennis Norman

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 “St Louis Home Sales Increase in December; Inventory down to near normal level

Where is the St Louis Real Estate Market Headed in 2012?

dennis-norman-st-louis-real-estate-market-forecast-2012Shortly 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. Continue reading “Where is the St Louis Real Estate Market Headed in 2012?

St Louis Real Estate Market 2011 Recap

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”.)

Continue reading “St Louis Real Estate Market 2011 Recap

St Louis home prices fall in November at higher rate than U.S. average

Dennis Norman, St Louis REALTOR - U.S. Home Prices - September 2011A report released this morning by CoreLogic, one of the nations leading providers of property information shows that St Louis home prices fell in November 4.7 percent from the year before and declined by 3.8 percent from the month before.  In November, the decline of home prices in St. Louis outpaced U.S. home prices which were down 4.3 percent from a year ago and 1.4 percent from the month before. Continue reading “St Louis home prices fall in November at higher rate than U.S. average

St. Louis Real Estate Market and Home Prices Update – December 16, 1011

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, 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.

NEW! You can now 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”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – December 16, 1011