The chart below shows St Louis home price index from the St Louis Federal Reserve compared with the Consumer Price Index for Motor Fuel in St Louis (gas prices), to show the impact that gas prices have on the housing market in St Louis. While St Louis gas prices are more likely to impact home sales and prices in the outlying areas of the St Louis metro area, such as western St Charles County, Jefferson County, and Franklin County, as the chart below shows, gas prices have an impact on the St Louis housing market as a whole.
Information like this, as well as real estate agents and brokers that know and understand this data like the ones at MORE, REALTORS, can help a home buyer or investor identify when is an opportune time to buy. This same information and knowledge can be used to help a seller determine the right time to sell their home.
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Gasoline Prices For the Midwest (Chart)
Below is a live, interactive chart illustrating weekly gasoline prices for the Midwest Region of the U.S. based upon information from the U.S. Energy Information Administration.