President Voltz: Navigating Market Fluctuations — Strategies for Success

May 17, 2024 in KCRAR

By Melissa Dittmann Tracey, REALTOR® Magazine Mortgage rates dipped to a 7.02% average this week, the second consecutive week for declines, Freddie Mac reports. “The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of prospective home buyers,” says Sam Khater, Freddie Mac’s chief economist. Rates above 7% have […]

January 25, 2024 in Community

National Association of REALTORS® Key Highlights Existing-home sales retreated in December, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slipped in the Midwest and South, rose in the West and were unchanged in the Northeast. All four regions experienced year-over-year sales decreases. On an annual basis, existing-home sales (4.09 […]

November 30, 2023 in Community

National Association of REALTORS® Pending home sales dropped 1.5% in October, according to the National Association of REALTORS®. The Northeast posted a monthly gain in transactions while the Midwest, South and West all recorded losses. All four U.S. regions noted year-over-year declines in transactions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home […]

November 16, 2023 in KCRAR

National Association of REALTORS® Commercial property rates are expected to stabilize – aside from office space – and commercial real estate will revitalize, according to NAR Chief Economist Lawrence Yun. Yun presented yesterday at the Commercial Economic Issues and Trends Forum at 2023 NAR NXT, The Realtor® Experience, in Anaheim, California, to discuss economic trends and […]

August 10, 2023 in KCRAR

National Association of REALTORS® Key Highlights Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the National Association of REALTORS®’ latest quarterly report. Five percent of the 221 tracked metro areas registered double-digit price […]

June 9, 2023 in KCRAR

National Association of REALTORS® Key Highlights The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch impacts middle-income buyers more than any other income bracket. NAR and Realtor.com®’s housing affordability and supply report examines […]

in Guest Columns

By Kyle Niemann, 2023 Heartland MLS President “Owning a classic Mustang is like owning a piece of the American dream.” —Unknown A few years ago I got the opportunity to become the owner of a classic 1965 Mustang that I named Scarlett because cool cars need fun names, right!? If you have ever owned a […]

April 20, 2023 in Community

New data from the National Association of REALTORS® reveal middle-income homeowners in Kansas City accumulated a median of $96,160 in wealth as their homes appreciated over the last 10 years. The data, which was featured prominently in NAR’s new report, Wealth Gains by Income and Racial/Ethnic Group, speaks to the value agents and REALTORS® bring […]

March 16, 2023 in KCRAR

With many questions emerging about the future of the housing market, real estate professionals can hear predictions and an analysis of market trends at this year’s Recharge Conference & Expo on April 6 at the Overland Park Convention Center. CoreLogic’s Chief Economist, Selma Hepp, PhD, will share her economic outlook during the event. “While mortgage […]