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2016 ends on a high note for St. Louis

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - ST. LOUIS, MO/February 1, 2017 (STLRealEstate.News) Though it wasn’t the second hottest market in the nation as one expert had predicted at the start of the year, it was one hot year for local real estate, specifically in the St. Louis region.  The year ended with closings up 7 percent, and prices up a modest […]The post 2016 ends on a high note for St. Louis appeared first on STL Real Estate News.

Developer buys Railway Exchange Building in downtown St. Louis

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - ST. LOUIS, MO/February 1, 2017 (STLRealEstate.News) Railway Exchange Building – Downtown St. Louis had a bit of real estate activity this past week with the official announcement of a Florida-based developer completing a purchase of the century-old Railway Exchange Building.  After the purchase, the new owner, Hudson Holdings of Delray Beach in Florida, paid just […]The post Developer buys Railway Exchange Building in downtown St. Louis appeared first on STL Real Estate News.

HUD nominee Ben Carson details steps to untangle business ties

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - WASHINGTON/February 1, 2017 (AP)(STLRealEstate.News) — President Donald Trump’s pick to lead the Department of Housing and Urban Development has disclosed detailed steps to distance himself from business holdings and charities to avoid potential conflicts of interests. Ben Carson filed an ethics agreement with the Office of Government Ethics pledging to resign from the board of […]The post HUD nominee Ben Carson details steps to untangle business ties appeared first on STL Real Estate News.

St. Louis median home price rose 4 percent in 2016

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - ST. LOUIS, MO/February 1, 2017 (STLRealEstate.News) St. Louis median home price – Realtors and residents may have scoffed skeptically when experts predicted that St. Louis would be one of the nation’s hottest real estate markets in 2016, but no one’s laughing anymore: homeowners did their laughing straight to the bank, as homes flew off the […]The post St. Louis median home price rose 4 percent in 2016 appeared first on STL Real Estate News.

US home prices rise 5.3 pct. amid solid demand, tight supply

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - US home prices rise WASHINGTON/February 1, 2017 (AP)(STLRealEstate.News) — US home prices marched steadily higher in November, pushed up by healthy demand for homes and a shrinking supply of available properties. The Standard & Poor’s CoreLogic Case-Shiller 20-city home index, released Tuesday , rose 5.3 percent, slightly faster than October’s gain of 5.1 percent. So […]The post US home prices rise 5.3 pct. amid solid demand, tight supply appeared first on STL Real Estate News.

Long-term US mortgage rates steady; 30-year at 4.19 percent

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - US mortgage rates hold steady with 30-year mortgage rates at 4.19% ST LOUIS, MO/February 2, 2017 (STLRealEstate.News) Long-term US mortgage rates barely budged this week, after marking their first increase of the year last week. Current avg Last week 52-week high 52-week low 30-year fixed – 4.19 percent – 4.19 percent – 4.32 percent – […]The post Long-term US mortgage rates steady; 30-year at 4.19 percent appeared first on STL Real Estate News.

At a cool $250M, LA mega-mansion is priciest listing in US

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - LOS ANGELES/February 9, 2017 (AP)(STLRealEstate.News) — In the exclusive Bel Air neighborhood of Los Angeles sits a new monument to opulence, a $250 million mega-mansion that’s now the most expensive home listed in the United States. The four-level, 38,000-square-foot mansion comes with a seven-member staff, a $30 million car collection and an infinity pool complete […]The post At a cool $250M, LA mega-mansion is priciest listing in US appeared first on STL Real Estate News.

Average US 30-year mortgage rate slips to 4.17 percent

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - 30-year mortgage rates slips to 4.17% WASHINGTON/February 9, 2017 (AP)(STLRealEstate.News) — Long-term US mortgage rates eased slightly this week. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans slipped to an average 4.17 percent from 4.19 percent last week.  That was still sharply higher than a 30-year rate that averaged 3.65 percent […]The post Average US 30-year mortgage rate slips to 4.17 percent appeared first on STL Real Estate News.

Cops: Woman used $1.2M forged check to try to buy house

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - Attempt to buy house for $1.2 million with a forged check DILLSBURG, Pa./February 9, 2017 (AP)(STL.News) — Police say a Pennsylvania woman tried to buy a house by forging a $1.2 million check from a credit union. Police in Carroll Township, York County, say that happened in January. Investigators say 49-year-old Katherine Kempson used the […]The post Cops: Woman used $1.2M forged check to try to buy house appeared first on STL Real Estate News.

Average US 30-year mortgage rate unchanged at 4.19 percent

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - WASHINGTON/February 2, 2017 (AP)(STLRealEstate.News) — Long-term US mortgage rates barely budged this week, after marking their first increase of the year last week. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans was unchanged from last week at an average 4.19 percent. That was still sharply higher than a 30-year rate that […]The post Average US 30-year mortgage rate unchanged at 4.19 percent appeared first on STL Real Estate News.

Four St. Louis companies awarded preliminary TIF funding

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - ST. LOUIS, MO/February 2, 2017 (STLRealEstate.News) Projects amounting to $383 million won preliminary Tax Increment Financing Commission from the city of St. Louis this past week.  Four St. Louis-area real estate developments that are combined seeking more than $50 million in public financing to help construct the projects proposed earlier this year were the lucky […]The post Four St. Louis companies awarded preliminary TIF funding appeared first on STL Real Estate News.

How stricter rules for brokers will affect retirement savers

Posted By stlrealestate on Real Estate

http://www.stlrealestate.news - WASHINGTON/February 4, 2017 (AP)(STLRealEstate.News) — President Donald Trump is delaying a series of rules that require financial professionals to put their clients’ best interests first when giving advice on retirement investments. The rules, which were set to take effect in April, will be delayed for 90 days for review. Under the so-called “fiduciary rule,” brokers […]The post How stricter rules for brokers will affect retirement savers appeared first on STL Real Estate News.