KC, St. Louis housing markets will grow, but more slowly in 2017

A new forecast report by Realtor.com projects Kansas City and St. Louis will have two of the weakest housing markets in 2017 among the 100 top U.S. metros.

Kansas City is projected to rank No. 83 in the country, and St. Louis will likely come in at No. 77.

The real estate group expects Kansas City housing to see price gains of 4.36 percent and sales growth of 2.66 percent, which are above the national average.

As for St. Louis, the report projects to see price gains of 3.46 percent and sales growth of 4.35 percent.

Nationally, the forecast calls for a 3.9 percent gain in home prices and a 1.9 percent increase in sales growth, slower than the past couple of years.

The housing forecast also notes continued concerns about the “changing composition of home buyers” and interest rate hikes.

Read more: Kansas City Business Journal

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