Saint Louis Real Estate News
Saint Louis
U.S. Home-Flipping Profits Sink to Lowest Level Since 2008 Financial Crisis as Costs Climb
Home flippers in the U.S. are seeing profits evaporate to levels not seen since the financial crisis, as surging acquisition costs squeeze margins even in traditionally hot markets.
U.S. Homes Are Selling at Slowest Pace in 5 Years in Early 2025
According to Redfin, U.S. homes are selling at the slowest pace since the pandemic's onset in early 2020, as high mortgage rates and elevated home prices persist.
U.S. Residential Foreclosures Dip 10 Percent Annually in 2024
According to ATTOM's Year-End 2024 U.S. Foreclosure Market Report, foreclosure filings--comprising default notices, scheduled auctions, and bank repossessions--were reported on 322,103 U.S. properties in 2024.
More Americans Opting for Renting Over Homeownership in 2024
According to new research by CBRE, the rising cost of homeownership is prompting more Americans to opt for renting. On average, monthly mortgage payments for new homes are currently 35% higher than apartment rents, creating a significant affordability gap.
