St. Louis Association of Realtors

Business
5:12 pm
Thu February 20, 2014

St. Louis' Realty Market Follows National Trend: Home Sales Likely To Flatten In 2014

Housing prices have gone up, but home sales are expected to flatten this year.
(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:

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