housing

Home Values Rising, But Homeowners Still A Long Way From Flush

Adam Allington — Thu, 21 Mar 2013 09:30:00 +0000

So, another week, and yet more news the U.S. housing market is slowly returning to normal.

Numbers released on Tuesday by the Commerce Department show that builders broke ground on homes last month at a seasonally adjusted annual rate of 917,000. That's up from 910,000 in January. And it's the second-fastest pace since June 2008, behind December's rate of 982,000.

Grand Opening Brings 120 New Apartments To St. Louis' 18th Ward

Adam Allington — Tue, 23 Oct 2012 13:03:58 +0000

120 mixed-income apartments are now available to residents of St. Louis’18th Ward, just north of the old Gaslight Square.

The project, called "North Sarah Apartments," is a LEED-certified green community, with garden style and townhouse apartments.

18th Ward Alderman Terry Kennedy said the project was envisioned by residents over 10 years ago.

Central to their idea, Kennedy says, was the restoration of a commercial district on North Sarah Street.

Ill. attorney general sues rating agency over housing bubble

Rachel Lippmann — Wed, 25 Jan 2012 18:17:00 +0000

Illinois Attorney General Lisa Madigan has filed suit against ratings agency Standard and Poor's for fraudulently assigning high ratings to mortgage-backed investments despite their risk.

The suit filed today in Cook County - the state's largest - argues that instead of independently evaluating mortgage-backed securities, S&P gave them higher ratings than warranted to benefit investment bank clients and the agency's bottom line.

County takes over East St. Louis grant program

The Associated Press — Tue, 25 Oct 2011 17:11:03 +0000

View Larger Map

St. Clair County will take over a multi-million dollar federally funded housing program in East St. Louis.

Mo. lags in use of stimulus for energy projects

The Associated Press — Tue, 15 Mar 2011 16:59:01 +0000

Missouri is lagging in its use of federal stimulus money intended to make homes more energy efficient for low-income residents.

Missouri received nearly $129 million in home weatherization funds for low-income residents under the 2009 federal stimulus bill. As of the end of January, just $47 million of that had been spent. That amounts to 37 percent of the total.