St. Louis buyers, builders, and longtime residents have been asking a quiet question over the last few years: Why does it feel like there are fewer tear down opportunities in the older suburbs?
You would think that with aging housing stock, the supply of buildable lots would naturally increase over time. But the opposite is happening, and the reason has nothing to do with builders, zoning boards, or construction trends. It starts inside the homes themselves.
Homeowners in their seventies and eighties are staying put longer than any previous generation. They have stable tax Continue Reading →
