William Rogers, associate professor of economics at UMSL, talked with the St. Louis Post-Dispatch about how the region’s new home construction is a big safety valve on prices in St. Louis. (Photo by August Jennewein)

As the housing market in St. Louis County continues to recover, home prices remain among the lowest in the United States. Bankrate.com, a bank-shopping website, rated St. Louis the third-most affordable among the nation’s 25 biggest metro cities.

With sales on the rise, some in the region believe prices will begin to increase. But a University of Missouri–St. Louis economist disagrees.

William Rogers, associate professor of economics at UMSL, talked with the St. Louis Post-Dispatch about how the region’s new home construction is a big safety valve on prices in St. Louis.

“Any rise in demand gets met pretty quickly by a rise in construction,” Rogers told the Post-Dispatch. “It’s hard for housing prices to rise dramatically.”

The full St. Louis Post-Dispatch article can be viewed here.