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STL REAL ESTATE NEWS

STL Real Estate News News about the real estate industry/profession in the St. Louis and surrounding areas.

  • New Displays at Multi Village Community in Fenton, just south of Gravois Bluffs

    FENTON, MO/June 19, 2017 (STLRealEstate.News) Winding Bluffs is McBride & Son Homes’ master planned community in Fenton.  This 330 home-site community features amenities such as two spring fed ponds, a sports field center, dog park, and Guffey Elementary School within walking distance, inside this community. There are four professionally decorated display homes now open. The […] The post New Displays at Multi Village Community in Fenton, just south of Gravois Bluffs appeared first on STL Real Estate News. […]

  • Downed power line ignites gas leak; 40 homes affected

    PITTSBURGH/June 19, 2017 (AP) (StlRealEstate.News) — Residents of about 40 homes near Pittsburgh have been forced to stay inside after a downed power line ignited a leaking natural gas line, causing a fire. A tree downed by lightning is being blamed for knocking down the wire early Monday, just after midnight. Sparks from the downed line then […] The post Downed power line ignites gas leak; 40 homes affected appeared first on STL Real Estate News. […]

  • Vermont gets $3m in federal funds for affordable housing

    BURLINGTON, Vt./June 18, 2017 (AP) (StlRealEstate.News) — More than 140 apartments in seven developments across Vermont are going to benefit from $3 million from the National Housing Trust. Independent U.S. Sen Bernie Sanders says the money will be used to build, preserve, and rehabilitate affordable rental housing Vermont also received $3 million last year to help provide housing […] The post Vermont gets $3m in federal funds for affordable housing appeared first on STL Real Estate News. […]

  • Storms shatter homes, down trees in Nebraska and Iowa

    OMAHA, Neb./June 17, 2017 (AP) (StlRealEstate.News) — Residents in parts of eastern Nebraska and western Iowa were cleaning up Saturday after severe thunderstorms — some producing hurricane-force winds — shattered homes, tore down trees and left thousands without power. The National Weather Service in Valley, just west of Omaha, said storms Friday night blasted Omaha and surrounding […] The post Storms shatter homes, down trees in Nebraska and Iowa appeared first on STL Real Estate News. […]

  • State to offer tax relief to some Montana homeowners

    WHITEFISH, Mont./June 17, 2017 (AP) (StlRealEstate.News) — Standing on the deck of the modest retirement home built by her parents in 1953, Debbie Biolo can see Whitefish Lake, where she learned to swim. She also can see the small house where her sister, Linda McCarthy, lives with their 89-year-old father and, beyond that, the nearly 6,000-square-foot vacation […] The post State to offer tax relief to some Montana homeowners appeared first on STL Real Estate News. […]

  • Lost tax break for Kushners add to woes in New Jersey city

    NEW YORK/June 16, 2017 (AP) (StlRealEstate.News) — Ties to the White House may ultimately help the Kushner Cos., but recent trouble in a New Jersey city suggests they can hurt a bit, too. The real estate firm owned by the family of Jared Kushner has withdrawn a request for a big tax break for one its building […] The post Lost tax break for Kushners add to woes in New Jersey city appeared first on STL Real Estate News. […]

  • Anger erupts in London fire neighborhood over renovations

    LONDON/June 16, 2017 (AP) (StlRealEstate.News)  Grief over a London high-rise tower fire that killed dozens turned to outrage Friday amid reports that the materials used in a recent renovation of the public housing block may have fueled the inferno. Engineering experts have speculated that outside insulation panels installed on the 24-story Grenfell Tower may have helped […] The post Anger erupts in London fire neighborhood over renovations appeared first on STL Real Estate News. […]

  • US housing starts drop for 3rd straight month

    WASHINGTON/June 16, 2017 (AP) (StlRealEstate.News) — Homebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale might worsen. The Commerce Department said Friday that housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units. This comes […] The post US housing starts drop for 3rd straight month appeared first on STL Real Estate News. […]

  • Higher prices squeezing both renters and would-be homeowners

    June 16, 2017 (AP) (StlRealEstate.News) –A diminished supply of available homes is swelling prices in large U.S. metro areas from New York to Miami to Los Angeles, squeezing out would-be buyers and pushing up rents as more people are forced to remain tenants. The trend is pressuring Americans’ budgets, with about one-third of households spending […] The post Higher prices squeezing both renters and would-be homeowners appeared first on STL Real Estate News. […]

  • US mortgage rates blip higher

    WASHINGTON/June 15, 2017 (AP) (StlRealEstate.News) — Long-term U.S. mortgage rates edged up this week as the benchmark 30-year rate bounced back from a seven-month low. Mortgage buyer Freddie Mac said Thursday that the average 30-year, fixed-rate mortgage rose to 3.91 this week from 3.89 percent last week. The rate stood at 3.54 percent a year ago […] The post US mortgage rates blip higher appeared first on STL Real Estate News. […]