Low Inventory vs. High Demand: A Look at the Housing Data in the Kansas City Region
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 […]
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NAR Study Shows Lack of Affordable Housing Biggest Obstacle to Home Buying
National Association of REALTORS® The lack of affordable homes is the top obstacle holding back potential home buyers of all races, but other obstacles to homeownership varied by race/ethnicity according to a new report released today by the National Association of Realtors®. NAR partnered with Morning Consult for its latest study, 2022 Obstacles to Home Buying, […]
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Report Shows ‘Double Trouble’ for Housing
Record-high home prices and record-low inventories, a combination labeled “double trouble” by analysts, are growing roadblocks for many Americans to achieve homeownership, particularly for Black Americans, according to a new analysis from the National Association of REALTORS® and realtor.com®. The newly released report, “The Double Trouble of the Housing Market,” examines the impacts of rapidly rising […]
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2022 Economic Outlook: Take the Good With the Bad
by Lawrence Yun, Chief Economist, National Association of REALTORS® Key Takeaways: Mortgage rate increases will hamper housing affordability in 2022. First-time buyers will need your expertise to get out from under annual rent increases. Current homeowners may find themselves ‘mishoused’ as a result of the pandemic and seek out new lifestyle choices. Commercial real estate […]
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Home Inventory Steers Kansas City Housing Market in 2021
With an average housing supply of 1.6 months in the Kansas City region in 2021, home values remained high, with an average sale price of $285,592 for existing homes, a 13.6% increase from 2020. Local REALTORS® acted as negotiators, matchmakers and concierges for buyers and sellers in the region, closing a total of 46,116 sales […]
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Home Prices Spiked by Double-Digits in 78% of Metro Areas in Third Quarter of 2021
National Association of REALTORS® Key Highlights The median sales price of single-family existing homes rose in 99% of 183 measured market areas in the third quarter, with double-digit price gains in 78% of the markets. From one year ago, the median sales price of single-family existing homes rose 16% to $363,700 (22.9% in the prior […]
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Pending Home Sales Dip 2.3% in September
National Association of REALTORS® Key Highlights Contract signings fell 2.3% in September from August. Contract signings were 8% lower than this time last year. In all regions, signings decreased from the prior month and from one year ago. WASHINGTON (October 28, 2021) – Pending home sales dipped in September, nationally, retreating slightly following a previous […]
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Dr. Ted C. Jones Reinvents, Recharges and Reignites at 2022 KCRAR Commercial Forecast
Dr. Ted C. Jones and Jill McCarthy took the screen on Thursday at KCRAR Commercial’s annual Forecast event. Jones’ presentation focused on the “three R’s” of real estate and the economy: reinvent, recharge and reignite. Although the pandemic brought Kansas City to its highest unemployment levels in years, Jones noted that 91% of jobs lost […]
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WSU Center for Real Estate Releases 2022 Kansas Housing Market Forecast
The Annual Wichita State 2022 Kansas Housing Markets Forecast report has been published by the WSU Center for Real Estate and copies are available at the KCRAR Leawood office. This year’s “Out of This World” report analyzes employment, inflation, mortgage rates and more to make predictions for the Kansas housing market in the coming year. […]
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Annual KCRAR Commercial Forecast Event to Be Held Virtually This Month
KCRAR Commercial’s annual Forecast event will be held virtually on Oct. 21 at no cost to KCRAR members. Stewart Title Chief Economist Dr. Ted C. Jones and Kansas City Area Development Council (KCADC) Senior Vice President of Corporate Attraction Jill McCarthy will bring their expert predictions for the 2022 commercial real estate market, nationally and […]
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