housing

Apartments in the Renaissance Place neighborhood in North St. Louis, which includes subsidized and market-rate housing.
Durrie Bouscaren | St. Louis Public Radio

There’s no shortage of incentive programs to install energy-efficient appliances and fixtures in Missouri, but a new report shows that affordable, affordable, multi-family housing units are often left out of the mix.

According to the paper from the National Resources Defense Council, only 30 percent of households in those buildings within Ameren Missouri and Ameren Illinois' service areas are participating in energy efficiency programs. Energy costs can disproportionately impact low-income families, who spend nearly 14 percent of their annual income on utilities, according to the Missouri Department of Energy.

Berkeley website

The Metropolitan St. Louis Equal Housing Opportunity Council has filed a fair housing complaint against the city of Berkeley. The complaint stems from a dispute over the type of identification needed for occupancy permits in Berkley.

According to city ordinances, individuals can use U.S. or foreign issued IDs to apply for permits needed to live in Berkeley.

Ferguson realtor Pearce Neikirk gives a tour of a single-family home on the north side of town. Since the unrest, the seller has reduced the home's price by $9,000.
Emanuele Berry / St. Louis Public Radio

While giving a tour of a two-story, French colonial style home that's for sale on the north side of Ferguson, realtor Pearce Neikirk said the past months have been hard on his business.

“All of us are working without the rule book here,” Neikirk said. “We don’t know how to work with this kind of a situation.”

(via Flickr/MoneyPit)

Younger families are not recovering as quickly from the recession as their elders.

An analysis 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.

Meanwhile older families have nearly regained their pre-crisis level of wealth.

So, why are those under 40 having a harder time recovering?

(Flickr/Jessica Perdue)

Following a two-year recovery in the housing market, the National Association of Realtors’ chief economist expects sales to level off.

"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 Yun, "So, I think it will be a more neutral year in terms of home sales."

Yun spoke to members of the St. Louis Association of Realtors Thursday morning. His key points for this market:

(via Flickr/woodleywonderworks)

A Missouri appeals court says a legal dispute over St. Louis County's foreclosure mediation ordinance is moot after a recently enacted state law.

St. Louis County'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.

Our Adam Allington reports for Marketplace.

(via Flickr/Images_Of_Money)

So, another week, and yet more news the U.S. housing market is slowly returning to normal.

Numbers released on Tuesday by the Commerce Department 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.

(via Flickr/401K)

A new report says the region's home prices rose 4.3 percent in January from the same month in 2012.

The real estate analysis firm CoreLogic released the report Tuesday. The firm says the data offer more evidence that a housing recovery is finally under way in St. Louis.

The St. Louis Post-Dispatch reports that excluding distress sales, prices in January were up 3.6 percent.

Adam Allington/St. Louis Public Radio

120 mixed-income apartments are now available to residents of St. Louis’18th Ward, just north of the old Gaslight Square.

The project, called "North Sarah Apartments," is a LEED-certified green community, with garden style and townhouse apartments.

18th Ward Alderman Terry Kennedy said the project was envisioned by residents over 10 years ago.

Central to their idea, Kennedy says, was the restoration of a commercial district on North Sarah Street.

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