Good news for St. Louis homebuyers! While those sky-high interest rates are still a pain point, they’re finally starting to cool the market, and that means sellers are cutting prices at a record pace.
Here’s the scoop:
20% of St. Louis homes had a price drop last month, according to Redfin. That’s the highest percentage ever recorded!
The average price dro…
Housing starts jumped 6.9% in June to a 3 ½-year high, underscoring the residential real estate’s slow recovery as a bright spot in a sputtering economy.
Construction of homes and apartments rose to a seasonally adjusted annual rate of 760,000 in June, the Commerce Department said Wednesday. That exceeded analysts’ estimates and was the highest level since October 2008. Single-family…
