House prices here falling faster than nationwide
House prices in St. Louis fell faster in June than in the nation as a whole, according to data released Monday by a California-based tracking agency.
Prices fell in metro St. Louis by 11.3 percent in the 12 months ending in June, according to an index created by First American CoreLogic, compared with 7.8 percent nationwide.
That’s also steeper than the 9.9 percent figure First American recorded for St. Louis in May, a sign that house prices here have not yet hit bottom.
St. Louis fared better than markets in Florida, California and Nevada that have lost nearly 30 percent of their value. But it has fallen more sharply than cities in Texas, the Northeast and Rocky Mountains.
Tim Logan