Missouri Real Estate News

St Louis is Ranked as the 5th Top City in the U.S for Home Values.


Posted: June 28, 2017 at 12:00 AM by Norman Polsky

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Rising home prices and mortgage rates mean homebuyers are paying more and getting less this house hunting season. And with tighter available inventory, finding a great deal on a home is proving more difficult. 

But the combination of home prices and local wages is making some markets more attractive than others. There are  12 cities where home buyers are getting the most bang for their buck. St Louis is now number 5 in the list.

The data, from the First American Real House Price Index, measures home price changes, taking local income data and mortgage rates into account "to better reflect consumers' purchasing power and capture the true cost of housing." Index values are for the month of April and are set to equal 100 in January 2000.

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