Student Loan Debt Holding Back Majority of Millennials from Homeownership
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 […]
Full StoryKansas City REALTORS® Discuss Future of Housing with U.S. Senator Jerry Moran
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 […]
Full StoryKansas City Ranked as Top Metro for First-Time Homebuyers
LendingTree released its annual ranking of the nation’s 50 largest metropolitan areas by how friendly they are for those buying their first home. Kansas City, Mo. leads the list of top metros for first-time buyers, followed by Oklahoma City, Okla. and Louisville, Ky. The ranking considered the following factors in its ranking: average down payment, average down […]
Full StoryYun: We’ve Never Seen Prices Appreciate This Fast
REALTOR® Magazine Just how wild is the real estate market right now? You don’t hear National Association of REALTORS® Chief Economist Lawrence Yun say this every day: “We’ve never seen price appreciation of this magnitude.” It’s a sobering message in NAR’s latest home sales video, which covers the month of May, when the median home […]
Full StoryContract Signings Surge as Home Buyers Remain Eager
REALTOR® Magazine Pending home sales bounced back strongly in May and surged to the highest reading for the month of May since 2005, the National Association of REALTORS® reported Wednesday. NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, climbed 8% in May compared to April. Contract signings are […]
Full StoryPresident Conant: Home
by Tony Conant, 2021 KCRAR President June is in full swing, and I know we’ve all been bored waiting around for the market to pick up, right? Just kidding. I know it’s been a stressful time for many of us, but June serves as a reminder of two very important causes. June is National Homeownership […]
Full StoryNew-Home Construction Slows as Costs Increase
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 […]
Full StoryVirtual Latte and Learn Session Coming on Multiple Offer Situations
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 […]
Full StoryPresident Lofton: Showing Courtesies 101
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 […]
Full StoryRecharge Speaker Spotlight: Maura Neill
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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