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

February 28, 2020 in KCRAR

Real estate pros are having a busy winter, and with buyer demand high, it could be even busier if it wasn’t for a lack of inventory continuing to plague many markets. Pending home sales rebounded in January, rising 5.2% month over month, the National Association of REALTORS® reported Thursday. Contract signings are up 5.7% over […]

February 21, 2020 in KCRAR

Changes to the tax code eliminated many financial advantages for homeowners. Policy analysts say new tax measures to boost affordable housing are necessary to keep homeownership attractive. The Tax Cuts and Jobs Act, which weakened longstanding homeownership tax breaks, has had the effect of sidelining many would-be buyers and dampening home sales, housing policy experts […]

January 31, 2020 in KCRAR

The lagging pace of new-home construction has been a big contributor to the national inventory shortage, but a homebuilding resurgence—of sorts—could open up more options for buyers this year, economists predicted during January’s International Builders’ Show in Las Vegas. Strong buyer demand, coupled with solid job growth and low mortgage rates, helped builders boost productivity […]

in KCRAR

According to year-end market data from Heartland MLS, home sales across the Kansas City region were nearly equal to 2018. Sale prices and inventory, however, experienced significant movement. Declining inventory was an ongoing trend throughout the year, with a year-over-year decrease of over 19%. Local inventory totals have fallen each year since 2011. Comparing the […]

May 10, 2019 in KCRAR

Inventory shortages are continuing to dig into agents’ home sales volume. In 2018, the typical agent completed 11 transactions, the same as 2017, according to the 2019 Member Profile, released by the National Association of REALTORS® and reflecting 12,700 member responses. However, REALTORS® did see a slight uptick in incomes last year. The median gross […]

October 26, 2018 in KCRAR

Dr. Christine Cooper, Regional Economist at CoStar Group, addressed a crowd of nearly 200 KCRAR Commercial members and other real estate professionals yesterday at the annual Commercial Forecast at the Kansas City Public Library Plaza Branch. “This is our largest event each year and a great opportunity to talk about the commercial market with other […]

October 25, 2017 in KCRAR

“Your profession is so important,” said Tim Cowden, President and CEO of the Kansas City Area Development Council and one of the speakers at this year’s Real Estate Forecast. “You’re selling homes, but you’re selling lifestyle, you’re selling community, and you’re selling my region.” The 2018 Residential Real Estate Forecast took place on Thursday, Oct. […]