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HomeTraq Joins National Fintech Accelerator

HomeTraq joins nationally recognized fintech and insurtech accelerator program, RevTech Labs, for their Fall Cohort. They are joined by seven other startups from around the world.

The eight startups making up the class represent a range of solutions across both the financial and insurance industries. The RevTech Labs team connected with close to 4,000 companies from around the world, narrowing the numbers down to 61 through an internal screening process and selecting only eight final companies after hosting a Selection Week with program partners and sponsors. 

The accelerator program provides each startup founder with intensive mentorship from leading bank executives, business development professionals, attorneys and venture capitalists. 

For the fall, RevTech Labs is offering a hybrid program to provide both value and flexibility to startup Founders. “All our advisory board, task force meetings and curriculum sessions will continue to be hosted virtually through Zoom,” says Jasmine Boyce, RevTech Labs Program Manager. “We intend on facilitating an in-person roadshow to New York for Fintech Week and other in-person opportunities to engage our Founders. With the recent spike in COVID, we will continue to monitor the CDC guidelines in order to make the safest and most strategic decision for our upcoming cohort.”

HomeTraq is excited, and honored, to be a part of this cohort to continue serving consumers and growing socially responsible real estate.

Trendy Neighborhoods for Young Professionals: St. Louis & Kansas City

You might be a recent college graduate, starting a career in a new city and wanting to meet other young professionals doing the same. You might be newly married and wanting to start a family in an area with other young couples. 

Whatever your situation, location is one of the most important factors when looking for a home, and it's nice to move to an area where you can meet people on a similar life path. To help figure out what area is best for you, let's dive into the most trendy, up-and-coming neighborhoods for young adults in St. Louis and Kansas City. 

St. Louis

Kings Oak/McRee Town

These neighborhoods are next to St. Louis University, so it's a very student-centered living area. It's in the center of nightlife adjacent to downtown and close to the beautiful Forest Park. The Grove is the highlight of nightlife in the area with a whole strip of bars, breweries, clubs, and a brand new tiki bar. These neighborhoods are within walking distance or a short Uber ride away from all of the restaurants and nightlife there. It's also close to downtown if you find yourself needing to travel there for work.

Shaw/South City St. Louis

These neighborhoods give similar vibes to Kings Oak/McRee Town, but there are fewer college students living there, so more removed from the university. There is Tower Grove Park that has a great farmer's market and an amazing holiday light display during December. It's also home to the original, famous Ted Drewes frozen custard. 

Kirkwood/Webster Groves

These two neighborhoods are more family-friendly, and about 20 min from downtown. Both have great school districts and Webster is even set up where most kids can walk to school. They are still great for young professionals as well because they are close to great food, breweries, and shops. Downtown Kirkwood is home to a farmer's market, Kaldi's coffee, great restaurants, and a St. Louis favorite, Strange Donuts. 

Kansas City

Midtown/Plaza

This neighborhood is an area within downtown KC. It's definitely the most centrally located to all restaurants and nightlife. The most popular is the Power and Light District which includes upscale restaurants, bars, clubs, and shopping. There are a couple of universities in the area, including the University of Missouri-Kansas City, so the average age is college/young professional age. The Plaza is also a popular area to shop with boutique stores and restaurants.

Mission

This neighborhood is a suburb of Kansas City (on the Kansas side) and has a good urban/suburban mix feel. There are plenty of places to rent as well as buy, so many young professionals decide to live in this area. This area is more family-friendly with good school districts, but there's still access to fun entertainment and nightlife. 

Lee's Summit

This area is another suburb of Kansas City but on the Missouri side. This is a much quieter area with a cute downtown, much like the downtown in Kirkwood. It has shops, restaurants, bars, and an Amtrak train station. It's 30 minutes from downtown, so still close enough to go for a night out but not in the middle of the hustle and bustle. 

If you're a young professional looking to move, both St. Louis and Kansas City are great cities with a mix of the hustle & bustle of city life and the family-friendly suburban life. Feel free to check out some of our other blogs that give helpful advice (especially for first-time homebuyers) about the home-buying process.

A Competitive Housing Market: when will homes be less expensive?

There has been much conversation about the increase in cost and competition in the 2021 housing market. Many say this isn't going away any time soon. Here's an update on the status of the market mid-way through the year and what we are predicting to see next.

The 2021 Housing Market

The graphic above explains the St. Louis, MO market and just how much median sales prices have increased since 2020. This paired with the large decrease in inventory of homes for sale has continued to increase prices for homebuyers. This trend is being seen all across the U.S. since COVID-19 hit. 

We understand that the housing market is very stressful for people at this time and many are wondering what their next move should be. Should you try and wait out the increase in prices? Should you go ahead sell your home while it's worth more? While we can't definitively give you an answer, we can give you information on where the market is headed so you can make the best decision for you. 

What's next in the market?

According to Edward Pinto, the director of the American Enterprise Institute's Housing Center, the above-average prices are not a temporary thing. He believes that prices could stay higher for years because people are placing a higher value on their homes. Even as the country is recovering from the pandemic, many businesses are still having their employees work remotely, which means people are spending more time in their homes. 

Also, with the combination of low housing inventory and high demand from home buyers, the market will stay competitive. Until the market balances itself out, homeowners will continue to drive up the price of for-sale homes. 

People who were originally working in large, expensive cities are moving to more affordable parts of the country like the midwest. As their jobs stay remote, they want more space and more bang for their buck. Suburbs and smaller subdivisions are seeing the largest influx of potential homebuyers. 

Next Steps

While buying a house in this market is hard, it's not impossible. Speed is your friend in the competitive marketplace. It's also important to mention that mortgage rates are at an all-time low, most at about 3% right now. This can help if you're needing to put more money down for a house than you were expecting. 

But waiting for more of a market balance in the coming months might save you a chunk of change as well if you're not in a rush to move.

Something that might help you decide your next move is getting your home evaluated. You may be surprised at how much your current home has increased in value. 

Follow the link below to request a free home valuation.

https://explore.hometraq.io/home-valuation-request

Mid America Regional Information Systems, Inc. Information from Third Parties, Deemed Reliable but Not Verified.
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