March National Housing Trend Report

by Team Member 4. May 2015 09:45

The March National Housing Trend Report shows that inventory in Kansas City has increased 2.7 percent month over month and decreased 12.8 percent year over year. In March 2015, homes spent approximately 67 days on the market, which was a decrease of 33 percent both month over month and year over year. Median prices rose to $178,000, an increase of 4.1 percent month over month and 15.6 percent year over year. WE CAN GET YOUR HOME LISTED AND SOLD QUICKLY! Need a great agentjQuery152009523531165905297_1430747125186 Email or call me and allow my team to get your home SOLD the 1st time! | 913.232.9252 


Buying A Home | Real Estate Agents | Real Estate Future | Research | Selling Your Home

NAR Infographic: Today’s Opening Day Baseball Matchups in Home Prices

by Team Member 6. April 2015 11:13

Baseball enthusiasts young and old are rejoicing today as the start of another baseball season gets underway. While fans will most likely be focused on extra-base hits, double-plays and ERA’s, look to our newly released infographic for signs of home prices in 16 cities playing baseball today.

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Buying A Home | General | Research

Did you remember to "Spring Forward" an hour on Sunday? What a difference an hour makes!

by Team Member 9. March 2015 10:54


Buying A Home | General | Research | Selling Your Home

Millennials and the American Dream

by Team Member 18. September 2014 11:34

by  on September 16, 2014

In the next five years, 8.3 million new millennial (Gen Y) households will form. It is predicted that millennials will spend $1.6 trillion on home purchases and $600 billion on rent. The generation is optimistic: 79% expect their financial situation to improve and 74% expect to move within the next five years.

Read more here:


Buying A Home | General | Research

July Existing Home Sales Data Release

by Team Member 2. September 2014 12:35

It's easy to see the value of an open house. REALTORS® and homeowners who think outside the box can increase the number of prospective buyers who see the home. Here are 6 creative open house ideas to sell homes fast:

  • Last week, NAR released a summary of existing home sales data, showing that July’s existing home sales continued to improve with the highest sales pace of the year.  July marks the fourth consecutive month of increased sales. Sales improved by 2.4% from last month but declined 4.3% from a year ago.
  •  The national median existing-home price for all housing types was $222,900 in July, up 4.9% percent from July 2013.
  •  All regions showed growth in prices – the Northeast had the lowest gain at 2.4% from last year. The West continues to maintain the biggest price gain  (up 6.3% from a year ago).
  • July’s inventory figures increased by 5.8% from a year ago and it will take 5.5 months to move the current level of inventory. It takes approximately 48 days for a home to go from listing to a contract in the current housing market.
  • Distressed sales have hit a low point, representing a lesser portion of the homes being sold. All cash buyers are representing 20% of the home purchasing population. Price appreciation is decelerating, loans are performing well and mortgage rates are still low so there are some key positives for housing recovery.


Buying A Home | Research | Selling Your Home

REALTORS® Confidence Index Survey: July 2014 Highlights

by Team Member 25. August 2014 14:26

In July, REALTORS® continued to hold a modest assessment about the existing home sales market. REALTORS® reported an inventory uptick in some areas, but in many areas supply remained tight, especially for "lower" and "middle-priced" homes.



Buying A Home | General | Real Estate Future | Research

REALTORS® Expect Modest Price Growth in Next 12 Months, Based on June 2014 REALTOR® Survey

by Team Member 5. August 2014 18:32

Posted by  on July 31, 2014

REALTORS® generally expect home prices to increase in all states and the District of Columbia over the next 12 months, according to the June 2014 REALTORS® Confidence Index. The median expected price increase is 3.6 percent [1].

Expected price movements depend on local conditions relating to housing demand and supply, demographics, and job growth. Difficulties in accessing mortgage financing, and modest expectations about overall economic and job prospects are factors underpinning the modest price expectation. The expected price growth was highest in FL, TX, CA, and OR, where inventory remains tight, and where there are strong growth sectors (e.g., technology, oil) and cash sales (FL).



Real Estate Future | Research

3 Reasons the Housing Market Should Thrive in 2014

by Team Member 2. April 2014 13:27


Recently, HousingWire asked David Berson, chief economist at Nationwide, for his opinion on the near-term future of housing. Below are what Mr. Berson believes to be the three things you need to know about housing in 2014. We have included a quote from the article and a small comment from KCM for all three points.

Number 1: 2014 should prove to be the strongest year for housing activity since before the Great Recession

“Most economists expect an improved job market in 2014, with employment growth accelerating and the unemployment rate continuing to decline. That jobless rate drop will reflect more of a pickup in employment than further declines in the labor force participation rate. This will be the key factor improving housing demand this year, even if mortgage rates rise and affordability declines. While the housing market tends to do especially well when the job market improves and mortgage rates decline simultaneously, that combination of events occurs only rarely…People buy homes when their job and income prospects improve – even if it’s more expensive to do so – rather than buy when it is inexpensive to do so but they’re worried about keeping their jobs.”

KCM Comment:

We agree that the job market will continue to improve and that rising interest rates will not be a detriment to the market in 2014. As Doug Duncan, SVP and chief economist atFannie Mae, recently revealed:

“Consumers have taken the interest rate rise in stride. Expectations for continued improvement in housing persist, and sentiment toward the current buying and selling environment is back on track.”

Number 2: Demographics should start to favor housing activity

“If the economy expands at a faster pace this year, bringing a more rapid rate of job creation, that should translate into more households, raising housing demand. We won’t see all three million missing households return to the housing market at once. (That wouldn’t be a good thing for the housing market anyway, since that would be on top of the 1.2 million households that normally would develop this year; such a surge would swamp the existing housing supply). Beginning in 2014, the pace of household formations should accelerate to an above-trend pace for several years, pushing up housing demand.”

KCM Comment:

The Urban Land Institute recently released a report, Emerging Trends in Real Estate 2014, projecting that 4.48 million new households will be formed over the next three years. Millennials will make up a large portion of these new households. With the economy improving, we believe they will finally be moving out of their parents’ homes and, after they compare renting versus buying, many will choose homeownership.

Number 3: Mortgage availability shouldn’t worsen and may improve

“The rise in mortgage rates already has reduced mortgage origination volumes as refinance activity declines. If mortgage rates rise further this year, as expected, then refinance activity will fall still more. In response, mortgage lenders probably will ease lending standards to the extent possible under the QM rules to boost lending activity by increasing purchase originations. As a result, the increase in new households expected to be created this year, spurred by a stronger job market, should find that qualifying for a mortgage loan will be somewhat easier in 2014 than in prior years.”

KCM Comment:

We also believe that, as the refinancing market begins to dry up, mortgage entities will be more aggressive in the purchase money market (mortgages necessary to purchase a home). There even seems to be recent evidence that lending standards are actually loosening.




General | Real Estate Future | Research

The Buy-Versus-Rent Advantage in the U.S. Extends Coast to Coast

by Team Member 11. March 2014 19:29

by Andrew O’Connell  |   8:30 AM March 11, 2014

Even though home prices and mortgage rates have been rising, rents have been rising too, so it’s still substantially cheaper to buy a home than to rent in major U.S. cities, assuming you’re planning to stay in the home a while. In comparison with renting, you’ll save 22% in New York City, 24% in Los Angeles, 34% in Washington D.C., 38% in Miami, 41% in Dallas, 45% in Houston, 46% in Philadelphia, 47% in Chicago, and 52% in Atlanta, if you remain in the home for seven years, according to figures quoted by CNN.


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General | Real Estate Future | Research

Area Housing Market Saw a Healthy January

by masspa 25. February 2014 13:26

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General | Research

Positive News From NAR Research

by Team Member 20. January 2014 09:33

With 2013 now over, it is time to take stock of the impact from the strong 2013 housing market. Home price growth was robust in 2013 compared to 2012 and is currently forecast by NAR Research to finish the year 11.3% stronger. This improvement is important for the market as it has created equity for homeowners, boosted buyer confidence, and pulled many underwater homeowners into positive equity positions. 

A borrower who purchased a median priced home[1] in 2004 and held it for nine years, the current median tenure of a homeowner according to NAR’s annual Profile of HomeBuyers and Sellers, would have $28,114 in equity from the combined benefit of price appreciation and paying down the mortgage principle. A borrower who bought a median price home in 2012 would have more than $23,000 in equity.


It is important to note that borrowers who purchased in 2006 and 2007 at the peak of the market and thus those who experienced the sharpest price declines are now nearly in positive equity. A person who purchased in 2006 and owned through 2012 (not pictured) would have been underwater by roughly $28,200, but by 2013 this gap was down to $4,700. Continued price growth in 2014 will help to further ameliorate this gap. Homeowners who purchased since 2007 are in positive equity.

Even through the visitudes of the great recession, for most homeowners housing remains an effective vehicle for building equity and wealth. Read more - #narresearch

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