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There Are Fewer Houses For Sale In St. Louis

Real estate website Zillow said Tuesday that the number of for-sale homes in the U.S. is at its lowest point in seven years, and could be poised to fall further.
Inventory fell 7.5% from December 2018 to December 2019, it said. In St. Louis, inventory was down 11%. Only four of the largest 35 housing markets saw inventory rise: San Antonio (up 8.1%), Detroit (up 7.6%), Atlanta (up 1.8%) and Chicago (up 0.6%).

U.S. home values grew 3.7% in 2019 to $244,054, and the typical U.S. rent is $1,600, up 2.6% in 2019. The figures in St. Louis were $177,525, up 3.4%, and $1,040, up 5.1%.
"The end of 2019 looks a whole lot different than we might have expected at the beginning of the year," Skylar Olsen, director of economic research at Zillow, said in a statement. "A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned out to be a short-lived mirage as buyers came back into the market and more than erased the inventory gains. As a natural reaction, the recent slowdown in home values looks like it's set to reverse back to accelerating growth right as we head into home shopping season with demand outpacing supply."

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Jimmy Haslip & Jay Oliver

Sponsored by Autumn Hill Records

We’re still cleaning out closet. Look what we found! Here is a studio interview with Grammy Award winners Jimmy Haslip and Jay Oliver. Haslip talks about the birth of the Yellow Jackets and how he and Oliver connected. They played together at some really interesting places. This was a fun interview. Haslip and Oliver had a great time and loved talking about their music career and people they met along the way.