The latest figures from RealtyTrac show a 9 percent drop in underwater homeowners nationally in the last year, but only a two percent drop in St. Louis.
Due to frigid conditions in much of the nation, February’s real estate wrap-up required boots and a shovel, as well as deeper pockets.
A new study finds that St. Louis is one of the three best metro areas for home ownership.
The Burgundy Book, a quarterly snapshot of the local economy, shows a decrease in unemployment, which is fueling that positive sentiment.
Coldwell Banker Gundaker President Jim Dohr says mortgage rates are still relatively low but first-time buyers are still less likely to buy now than in recent years.
A new study from RealtyTrac shows 29 percent of mortgage holders here are underwater. That’s higher than the national average of 26 percent.
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.
Like sardines in a can, Harriett Hubbard says Washington University students are cramming into houses on her quiet, mid-city street.
One out of five homes that are purchased across the country are purchased by a single woman.
“I think national numbers show that prices are up nine percent or so…and we’re running between five and eight percent.”