Hundreds of Missouri Realtors expected to rally in Kiener Plaza Thursday
Organizers say they hope to promote the importance of homeownership and to raise awareness about legislative and regulatory initiatives affecting the real estate industry.
Organizers say they hope to promote the importance of homeownership and to raise awareness about legislative and regulatory initiatives affecting the real estate industry.
Donna Zerega, the new president of the St. Louis Association of Realtors, says the local housing market will continue its recovery -- though it will be slow -- as sales and prices continue their slow climb from the bottom in 2013.
The presidents of local Realtor associations point to increased sales prices and shorter market stays, but they say foreclosures and short sales continue to be a drain.
The event that drew 40,000 people to the Chaifetz Arena in 2009 had sparse attendance Friday. In an interview with the Beacon, NACA CEO Bruce Marks answered criticisms from local housing counselors and said his Boston-based nonprofit has helped thousands of U.S. homeowners.
Sales were up 22 percent from April and prices rose by 2 percent. May was the fifth consecutive month showing improvement, according to today’s report.
Buyers are becoming more confident, says one agent, while another questions whether mortgage interest rates are too low. Second of two parts.