Pending Home Sales Slipped 1.0% in July

in Community

National Association of REALTORS® Key highlights Eighty percent of metro markets – 148 of 185 – saw double-digit annual price appreciation in median single-family existing-home sales prices (70% in the previous quarter). The national median single-family existing-home price rose 14.2% annually to $413,500, surpassing $400,000 for the first time. Housing affordability significantly declined as the […]

in Community

By Catherine Mesick, REALTOR® Magazine The country isn’t officially in a recession yet, despite two consecutive quarters of national contraction of the gross domestic product, a commonly cited indicator of an economic downturn, says Lawrence Yun, chief economist for the National Association of REALTORS®. And several healthy economic trends, including a robust job market, coupled […]

in Community

Kansans can now save toward the purchase of their first home tax-free through the newly introduced Kansas First-Time Home Buyer Savings Account program. Future buyers can set up their savings account at any Kansas financial institution, then contribute up to $3,000 for an individual or $6,000 for a married couple tax-free per year. This first-time […]

in Community

Melissa Dittmann Tracey, REALTOR® Magazine With skyrocketing inflation and mounting recession fears, the Federal Reserve made another aggressive move Wednesday, raising its benchmark rate by three-quarters of a percentage point for the second time this year to try and tame the economy. However, higher mortgage rates may not necessarily be on the horizon as a result, […]

in Community

16 members of the KCRAR Pittsburg Chapter gathered in June to give back to the community as a part of United Way’s Day of Action. Volunteers spent the morning working on projects for a local community child care learning center, including yard work, cleaning and painting. “The community we live in is so important to […]

in Community

The Five County Chapter of KCRAR recently awarded its annual scholarships to four graduating high school seniors in the Five County area. REALTORS® in the Chapter raised funds to distribute these scholarships to four students based on a number of merits including GPA and community involvement. This year’s scholarship recipients areTevi Gurley, Jamin Moser, Reese […]

in Community

National Association of REALTORS® National Association of Realtors® President Leslie Rouda Smith issued the following statement Monday regarding President Joe Biden’s plan to address the housing supply shortage: “Last year, a landmark research report commissioned by NAR recognized a shortage of 5.5 million homes in the U.S.—a gap so large it would take more than a decade to dig […]

in Community

With many homes on the market in Kansas City receiving multiples offers from potential buyers and often receiving more than asking price, it’s been clear that the region is seeing a shortage in housing inventory, as confirmed by Heartland MLS data. Those in the market for a home might draw the conclusion that this shortage […]

in Community

Local Kansas City region broker Scott DeNeve merged his firm, Platinum Realty, with Dallas-based United Real Estate Group, one of the largest real estate brokerages in the United States, expanding its presence in the Midwest. DeNeve said this merger will allow Platinum to leverage United’s technology and national network while still retaining the Platinum Realty […]