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Multimedia Fall 2011

Saturday, October 1, 2011

What Is Your Home Worth?  In St. Louis, It Is Hard To Tell

The most widely followed housing data source in the U.S., the S&P/Case-Shiller Home Price Indices, does not include the St. Louis metropolitan statistical area (MSA). While publicly available and even proprietary data can provide valuable information on broad housing market conditions in the St. Louis region, these sources do not pinpoint regional, county or neighborhood house-price trends. Even expensive proprietary data may not be satisfactory.

Dr. William Rogers of the Public Policy Research Center at the University of Missouri-St. Louis has created a new index on housing value appreciation in the St. Louis market.  Rogers presented his index at the St. Louis Fed’s June 2 housing conference. His findings revealed some surprises in the data collected over the past decade.

Joining Rogers at the conference was St. Louis Fed economist Bill Emmons, who examined currently available St. Louis housing and mortgage market data. His presentation included a look at which public and proprietary data was the most reliable for determining the selling price of a home in the St. Louis area.

Community Banker Panel Tackles CRA Needs

What role should healthy community banks play in the community development arena? A panel of community bankers discussed that question at the St. Louis Fed’s Exploring Innovation conference in the spring.

Panelists were:

  • David C. Reiling, CEO of Sunrise Community Banks in St. Paul, Minn.
  • Robert R. Jones III, president and CEO of United Bank in Atmore, Ala. 
  • Paula Bryant-Ellis, senior vice president of the Community Development Banking Group for BOK Financial Corporation in Tulsa, Okla. 
  • W. Thomas Reeves, president of Pulaski Bank in St. Louis

The panelists shared their successes in meeting CRA requirements through creating products, making investments and delivering services that meet the public’s most pressing needs.