Rising St. Louis Home Prices May Signal Start of Local Recovery

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ST. LOUIS — Home prices in St. Louis rose 2.5 percent from June to July, according to CoreLogic, providing more evidence that the five-year slide in home prices here may have finally ended.

Prices are also rebounding nationally, up 1.3 percent from June to July, the real estate data company reported Tuesday.

Corelogic’s report of rising St. Louis prices follows reports from Clear Capital, another data company, and the Federal Housing Financing Board, which both found prices rising as of last spring.

Sales are rising too, up 25 percent in July in St. Louis city and county, compared with the same month last year, according to the St. Louis Association of Realtors. Read more at St. Louis Post-Dispatch.

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