Number of homeowners “seriously underwater” rises for first time in three years.
RealtyTrac Vice President Daren Blomquist says that while local sales increased nine percent in June over last year, sale prices here decreased by eight percent.
St. Louis home prices are rising, but not as quickly as the national trend.
CBS MoneyWatch blogger Ilyce Glink says Zillow ranks St. Louis as the tenth-best metro area in the nation where it makes more sense to rent rather than buy.
Home prices in St. Louis aren’t rising as fast as they are in other parts of the country.
Residential real estate experts say home prices are slightly lower than they were a year ago, but are hopeful for what 2013 might bring.
Some local realtors say a recent survey of home prices in the area from the Federal Housing Finance Agency might be overly bleak.
One real estate company is giving good news to St. Louis home sellers- prices are staying up and inventory is going down.
Home prices in St. Louis rose less than one-tenth of a percent between February and May.
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