Report Shows ‘Double Trouble’ for Housing

January 20, 2022 in Community

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 […]

January 13, 2022 in Community

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 […]

November 11, 2021 in Community

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 […]

October 28, 2021 in Community

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 […]

October 22, 2021 in KCRAR

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 […]

October 14, 2021 in Community

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. […]

in KCRAR

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 […]

September 16, 2021 in KCRAR

National Association of REALTORS® Sixty percent of non-homeowning millennials say student loan debt is delaying their ability to buy a home, by far the most affected population, according to a new poll released today by the National Association of Realtors®. The findings also show that Americans burdened with high student debt see the impact on […]

September 9, 2021 in Government Affairs

U.S. Senator Jerry Moran met with KCRAR President’s Circle members this week for a lunch at Mission Hill Country Club, where he discussed the COVID-19 response, inventory and the future of housing in Kansas. Moran has aligned with KCRAR and the National Association of REALTORS® (NAR) on many issues affecting housing, such as an agreement […]