New-Home Construction Slows as Costs Increase

May 20, 2021 in KCRAR

REALTOR® Magazine Housing starts dropped in April as builders saw rising building costs hamper inventory and affordability. Housing production fell 9.5% last month to a seasonally adjusted annual rate of 1.57 million units, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported Tuesday. While homebuilding is down, the demand for […]

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Woman on her laptop at home with a cup of coffee.

Virtual Latte and Learn Session Coming on Multiple Offer Situations

April 29, 2021 in Education

With inventory low and multiple offer situations frequent, KCRAR will be bringing in instructor and local real estate professional Ron Henderson for an especially timely virtual Latte and Learn session on “Winning a Multiple Offer Situation” on May 7. “This is a super challenging real estate market we are in and you need to use […]

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President Lofton: Showing Courtesies 101

March 4, 2021 in Guest Columns

You wake up to review the hot sheet, and a brand-new listing that meets your buyer’s needs is now active! The excitement of rushing to the listing and hoping this is the one has set in. You schedule the showing to realize you are allowed a five-minute window. You will try to work fast but […]

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Recharge Speaker Spotlight: Maura Neill

February 25, 2021 in KCRAR

REALTOR® and real estate speaker Maura Neill will be joining the lineup of expert speakers at Recharge on March 25, where she will deliver a session on strategies when dealing with multiple offers. Neill asserts that a low inventory market means a skill set shift, which is why her session addresses how to handle multiple […]

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NAR Finds Black Home Buyers More Than Twice as Likely to Have Student Loan Debt, Be Rejected for Mortgage Loans Than White Home Buyers

February 17, 2021 in KCRAR

National Association of REALTORS® Key Highlights The U.S. homeownership rate was 64.2% in 2019. At 69.8%, the rate for non-Hispanic white Americans exceeds the national rate. However, the Black homeownership rate – 42% – represents a Black-white homeownership gap of almost 30%. The homeownership rates for Asian Americans and Hispanic Americans are 60.7% and 48.1%, […]

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2020 Kansas City Real Estate Market Recap: Low Interest Rates, Strong Buyer Demand, Increased Home Sales

January 21, 2021 in Community

The residential housing market across the Greater Kansas City Region remained strong throughout 2020 according to year-end data from the Kansas City Regional Association of REALTORS® (KCRAR). Closed sales were up 6.3% for the year, indicating continued buyer demand. While there was no shortage of buyer demand in 2020, the lack of homes for sale led to a 51.3% decrease in inventory from 2019, with the year closing […]

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How the Pandemic Is Affecting Where Buyers Move

January 14, 2021 in KCRAR

By Kaycee Miller, REALTOR® Magazine 3 Takeaways: More buyers are looking for homes in locations not tied to their jobs. High costs are prompting people to move further from metro areas. Some states are seeing an influx of residents. In these turbulent times, one thing is for sure: The COVID-19 pandemic has drastically changed the […]

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The double-edged housing boom: Eye-popping home sales and prices pose longer-term problems

November 11, 2020 in KCRAR

by Lawrence Yun, National Association of REALTORS® Remarkably, in the midst of a pandemic, the housing market is in a clear V-shaped recovery. Sales for both existing and new homes in August hit their highest mark since 2006. The data popped out as round numbers: existing-home sales at an even 6 million and new-home sales […]

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A Message from Heartland MLS President Michael Pierce

President Pierce: Navigating Through Market Adversity

July 9, 2020 in Guest Columns

This year has certainly been interesting for our industry thus far. While the full impact of COVID-19 and the resulting job losses to the KC real estate market will take more time to measure, we have already seen months with decreasing year over year sales. Only time will tell whether that trend continues, erodes further […]

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NAR Calls Housing Market Slump Temporary as Pending Home Sales Fall in March

April 30, 2020 in KCRAR

Pending home sales fell in March, seeing expected declines as a result of the coronavirus outbreak, according to the National Association of REALTORS®. Each of the four major regions saw drops in month-over-month contract activity and year-over-year pending home sales transactions. The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, […]

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