housing http://news.stlpublicradio.org en Young Families Hurt More By Recession http://news.stlpublicradio.org/post/young-families-hurt-more-recession <p>Younger families are not recovering as quickly from the recession as their elders.</p><p><span style="line-height: 1.5;">An <a href="http://www.stlouisfed.org/publications/itb/articles/?id=2481">analysis</a> from the Federal Reserve Bank of St. Louis found that families headed by someone younger than 40 have recovered only about one-third of their pre-recession wealth.</span></p><p><span style="line-height: 1.5;">Meanwhile older families have nearly regained their pre-crisis level of wealth.</span></p><p></p> Mon, 03 Mar 2014 02:25:25 +0000 Maria Altman 34074 at http://news.stlpublicradio.org Young Families Hurt More By Recession St. Louis' Realty Market Follows National Trend: Home Sales Likely To Flatten In 2014 http://news.stlpublicradio.org/post/st-louis-realty-market-follows-national-trend-home-sales-likely-flatten-2014 <p>Following a two-year recovery in the housing market, the National Association of Realtors’ chief economist expects sales to level off.</p><p><span style="line-height: 1.5;">"Right now there are two opposing forces; higher mortgage rate anticipation, which is always a negative, and more job creation, which is a positive." said Lawrence </span>Yun<span style="line-height: 1.5;">, "So, I think it will be a more neutral year in terms of home sales."</span></p> Thu, 20 Feb 2014 23:12:08 +0000 Maria Altman 33875 at http://news.stlpublicradio.org St. Louis' Realty Market Follows National Trend: Home Sales Likely To Flatten In 2014 Law Makes St. Louis Foreclosure Ordinance Moot http://news.stlpublicradio.org/post/law-makes-st-louis-foreclosure-ordinance-moot <div><span style="line-height: 1.5;">A Missouri appeals court says a legal dispute over St. Louis County&#39;s foreclosure mediation ordinance is moot after a recently enacted state law.</span></div><div><p></p><p>St. Louis County&#39;s 2012 ordinance required that lenders give residential borrowers a chance to mediate before their homes are foreclosed. Missouri lawmakers this year approved legislation making real estate loans subject only to state and federal laws. It was aimed at overturning local foreclosure mediation ordinances. Gov. Jay Nixon allowed the law to take effect on Aug. 28.</p> Wed, 16 Oct 2013 13:54:52 +0000 The Associated Press 30702 at http://news.stlpublicradio.org Law Makes St. Louis Foreclosure Ordinance Moot Home Values Rising, But Homeowners Still A Long Way From Flush http://news.stlpublicradio.org/post/home-values-rising-homeowners-still-long-way-flush <p>So, another week, and yet more news the U.S. housing market is slowly returning to normal.</p><p><a href="http://content.govdelivery.com/attachments/USESAEI/2013/03/19/file_attachments/197163/New%2BResidential%2BConstruction%2B%2528February%2B2013%2529.pdf">Numbers released on Tuesday by the Commerce Department</a> show that builders broke ground on homes last month at a seasonally adjusted annual rate of 917,000. That's up from 910,000 in January. And it's the second-fastest pace since June 2008, behind December's rate of 982,000.</p> Thu, 21 Mar 2013 09:30:00 +0000 Adam Allington 10386 at http://news.stlpublicradio.org Home Values Rising, But Homeowners Still A Long Way From Flush Grand Opening Brings 120 New Apartments To St. Louis' 18th Ward http://news.stlpublicradio.org/post/grand-opening-brings-120-new-apartments-st-louis-18th-ward <p></p><p>120 mixed-income apartments are now available to residents of St. Louis’18th&nbsp;Ward, just north of the old Gaslight Square.</p><p>The project, called "North Sarah Apartments," is a LEED-certified green community, with garden style and townhouse apartments.</p><p>18th Ward Alderman Terry Kennedy said the project was envisioned by residents over 10 years ago.</p><p>Central to their idea, Kennedy says, was the restoration of a commercial district on North Sarah Street.</p> Tue, 23 Oct 2012 13:03:58 +0000 Adam Allington 5677 at http://news.stlpublicradio.org Grand Opening Brings 120 New Apartments To St. Louis' 18th Ward Ill. attorney general sues rating agency over housing bubble http://news.stlpublicradio.org/post/ill-attorney-general-sues-rating-agency-over-housing-bubble <p>Illinois Attorney General Lisa Madigan has <a href="http://www.scribd.com/doc/79364636/SP-COMPLAINT-01-25-2012-11-45-15">filed suit</a> against ratings agency Standard and Poor&#39;s for fraudulently assigning high ratings to mortgage-backed investments despite their risk.</p><p>The suit filed today in Cook County - the state&#39;s largest - argues that instead of independently evaluating mortgage-backed securities, S&amp;P gave them higher ratings than warranted to benefit investment bank clients and the agency&#39;s bottom line.</p> Wed, 25 Jan 2012 18:17:00 +0000 Rachel Lippmann 2938 at http://news.stlpublicradio.org Ill. attorney general sues rating agency over housing bubble County takes over East St. Louis grant program http://news.stlpublicradio.org/post/county-takes-over-east-st-louis-grant-program <p><iframe frameborder="0" height="350" marginheight="0" marginwidth="0" scrolling="no" src="http://maps.google.com/?ie=UTF8&amp;t=m&amp;vpsrc=6&amp;ll=38.615261,-90.127716&amp;spn=0.18778,0.291824&amp;z=11&amp;output=embed" width="425"></iframe><br /><small><a href="http://maps.google.com/?ie=UTF8&amp;t=m&amp;vpsrc=6&amp;ll=38.615261,-90.127716&amp;spn=0.18778,0.291824&amp;z=11&amp;source=embed" style="color: rgb(0, 0, 255); text-align: left;">View Larger Map</a></small></p><p>St. Clair County will take over a multi-million dollar federally funded housing program in East St. Louis.</p> Tue, 25 Oct 2011 17:11:03 +0000 The Associated Press 2320 at http://news.stlpublicradio.org Mo. lags in use of stimulus for energy projects http://news.stlpublicradio.org/post/mo-lags-use-stimulus-energy-projects <p>Missouri is lagging in its use of federal stimulus money intended to make homes more energy efficient for low-income residents.</p><p>Missouri received nearly $129 million in home weatherization funds for low-income residents under the 2009 federal stimulus bill. As of the end of January, just $47 million of that had been spent. That amounts to 37 percent of the total.</p> Tue, 15 Mar 2011 16:59:01 +0000 The Associated Press 723 at http://news.stlpublicradio.org Mo. lags in use of stimulus for energy projects Building permits match record low in Jan. 2011 http://news.stlpublicradio.org/post/building-permits-match-record-low-jan-2011 <p>More not-so-great economic news for the St. Louis region today.</p><p>The<a href="http://www.stlhba.com/"> Home Builders Association of St. Louis and Eastern Missouri </a>released its <a href="http://www.stlhba.com//documents/ContentDocuments/Permit_Report_Comp_1-11.pdf">data on the number of permits </a>issued by the six counties (St. Louis, St. Charles, Lincoln, Warren and Franklin) and the city of St. Louis. They show that builders were looking to start construction on just 120 new single-family homes in January 2011. That&#39;s down more than 40 percent from January 2010, and is the lowest monthly total since November of 2008.</p><p> Mon, 21 Feb 2011 23:04:57 +0000 Rachel Lippmann 578 at http://news.stlpublicradio.org Building permits match record low in Jan. 2011 Square footage still trumps eco-friendliness http://news.stlpublicradio.org/post/square-footage-still-trumps-eco-friendliness <p>Want to add a little green to your weekend? Take a listen to <a href="http://marketplace.publicradio.org/display/web/2011/02/04/mm-smallhomesmyth/">Adam Allington's feature</a> on house size and the impact of green technology on the housing economy. It aired on <a href="http://marketplace.publicradio.org/show/money/">Marketplace Money</a> today.</p><p>Also, be sure to listen for a local story on a similar topic airing Monday (Feb. 7) on St. Louis Public Radio.</p> Sun, 06 Feb 2011 01:39:36 +0000 Kelsey Proud & Adam Allington 471 at http://news.stlpublicradio.org Square footage still trumps eco-friendliness