UMSL economist discusses region’s housing prices
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.
Short URL: https://blogs.umsl.edu/news/?p=55858