It's an interesting time in real estate. It’s been a red-hot seller’s market during the past few years, fueled by low mortgage rates and limited inventory, with outright bidding wars in some St. Louis neighborhoods. Now, as spring rolls around, interest rates are creeping up. Yet forecasters remain cautiously optimistic. “Underlying demand should remain strong after the best year for wage growth since the recession,” Forbes predicts. For young families, the magazine says, “millennial demand for housing will keep climbing.”
At the same time, young professionals in St. Louis (especially those near Cortex and other business districts) are looking for well-situated rentals with all the amenities—and there’s no shortage of new options, with luxury apartments popping up across the central corridor.
With that backdrop in mind, we highlight a handful of in-demand neighborhoods, for the first-time homebuyer seeking a home with a yard, the renter looking for hip bars and restaurants around the corner, and the empty-nester searching for a maintenance-free condo. For existing homeowners, we also talked to builders about rehabs done right and trends in home design. And we tracked down keys stats on neighborhoods all across the region.
In St. Louis, there’s something for everyone.
