A snowy winter and bitterly cold temperatures have kept home buyers and sellers away from the market at least that’s what local real estate experts are saying.
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.
Commissioner Roger Goodell says “no plans of stadium development (in Calif.). “
Nobody offered $13 million reserve price.
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.
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.
Built in 1962, the 5,286-square-foot, three-acre estate in Ladue is listed at $1,795,000. The house has four bedrooms, seven bathrooms, and a pool.
One out of five homes that are purchased across the country are purchased by a single woman.