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.
A bill that would effectively nullify foreclosure mediation ordinances in St. Louis and St. Louis County is on its way to the Senate. While it passed by a 130-24 margin in the House, it could face a stiffer reception in the General Assembly's upper chamber.
A judge slapped a temporary restraining order on St. Louis’ foreclosure mediation ordinance, which Mayor Francis Slay signed into a law late last month. Banks have strongly opposed local jurisdictions offering such programs, which proponents say could help homeowners avoid foreclosure.
St. Louis Mayor Francis Slay and low-income housing advocates oppose the huge cuts that the Missouri Senate has approved for the state's tax credits for historic preservation and low-income housing. But they hope and expect the Missouri House to press for higher ceilings that may be more acceptable.
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.
A bipartisan commission co-chaired by former Sen. Christopher "Kit" Bond recommended Monday that federal housing aid be revamped and the government’s role in the housing finance system be scaled back to help free up more private capital and revive the housing market.
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.
The St. Louis County Council gave initial approval to an ordinance setting up a foreclosure mediation process, an issue that drew passionate testimony from advocactes of distressed homeowners and criticism from those who question the proposal's legality.
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.