ST. LOUIS, Mo. (KMOX) — While the national housing market continues to suffer, St. Louis shows some signs of life.
Nate Johnson, president of the St. Louis Association of Realtors, says St. Louis boasts an interest rate of 4.5%, which offers many opportunities for St. Louis homeowners.
“We’ve actually had a lot fewer sales over the last year than we had in previous years, but the values themselves are actually holding pretty good right now,” Johnson said.
Johnson said St. Louis recently was ranked in the top ten housing markets in the country, citing an April report by CNN Money. He also said the full picture of the condition of the housing market will not be clear until later this summer, as the economic recovery continues.
His advice to homeowners looking to sell is to price houses modestly and make improvements to kitchens and bathrooms.
“A fresh coat of paint can make a world of difference,” Johnson said.
Copyright KMOX Radio