Last month in this space, I reviewed a series of market projections for 2014 from Harvard University as well as the industry’s leading associations.
Market Leaders Profile: St. Louis
Data and information on the St. Louis remodeling market
Population: 2,816,710 (4.4 percent increase since 2000)
Existing home sales: Q2 2009 sales were down 9.9 percent from 2008, but up 50 percent from Q1
Home prices: Down 1.67 percent from 2008; up 14.58 percent over last 5 years
Homeownership rate: 74.2 percent (No. 5 among major metros)
Median household income: $51,713
Local unemployment rate: 9.9 percent (up from 7.1 percent in 2008)
Sources: FHFA House Price Index, St. Louis Association of Realtors, U.S. Bureau of Labor Statistics, U.S. Census Bureau
Fox 2 St. Louis: Are St. Louis Home Sales On The Verge Of Recovery?
St. Louis Post-Dispatch: St. Louis home prices now falling faster than U.S.
The Corner Office: Mosby Building Arts