February 2017 St. Louis Real Estate Market Update

Market Trends

CoreLogic US Home Price Report Shows Prices Up 7.1 Percent In November 2016

Home prices nationwide, including distressed sales, increased year over year by 7.1 percent in November 2016 compared with November 2015 and increased month over month by 1.1 percent in November 2016 compared with October 2016,* according to the CoreLogic HPI.

CoreLogic, January 3, 2017

 

Buying More Affordable than Renting in 66 Percent of U.S. Housing Markets

ATTOM Data Solutions, curator of the nation’s largest fused property database, today released its 2017 Rental Affordability Report, which shows that buying a home is more affordable than renting in 66 percent of U.S. housing markets…Counter to the national trend, average wage growth outpaced home price appreciation in 113 of the 540 markets analyzed (21 percent), including Santa Clara County (San Jose), California; Suffolk and Nassau counties (Long Island), New York; Saint Louis County, Missouri; and Montgomery County, Maryland in the Washington, D.C. metro area.

RealtyTrac, January 5, 2017

 

St. Louis Housing Market Had a Strong 2016

Figures bear out the prediction nearly a year ago that the St. Louis housing market would have a strong 2016…According to Mid America Regional Information Systems data cited Thursday by St. Louis Realtors, home sales in St. Louis city and county were up 9 percent from 2015. Sales last year were 19,082 compared with 17,738 in 2015.

St. Louis Post-Dispatch, January 19, 2017

 

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