So it is a SLOW and PAINFUL march, but if you are interested in buying or selling (or both) real estate in the KCMO area, you are going to want to stay tuned to this blog. I keep my finger on the pulse of the local housing market and report whenever something noteworthy happens. The housing market in KCMO is making a comeback. The trends are undeniable and have been happening for about five months now. The market value [...]
Click the video link to watch "The Kansas City Skinny." It is about 2 minutes long and gives info about the 2nd qtr and YTD housing market in and around the Kansas City Heartland area.
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So why the jump in lumber? Really? I finally found a great article from NPR that sums it up pretty well. It comes down to a negative correlation between lumber mill shutdowns during the pandemic while simultaneously a demand for lumber going up. Though it is still up 80% compared to pre-pandemic, that is a lot better than 500%! Click the image to read the article.
When I mentioned the pendulum is beginning to swing the other way, but we have a long way to go? I give you the June 2021 housing numbers. This is the picture that the data paints for us. In KCMO, the inventory in March was .7, in May it was .8 and in June it is now .9. The average is 4-6 months. Be patient everyone. Things are heading in the right direction. Click on the image for a [...]
My husband and I dream about building our own house someday. We tinker around with what kinds of things we would include. Being in the real estate business, I get the chance to see many houses. I LOVE THAT! I get so many ideas of what to do and not do. For example, we are going to remodel our kitchen in the fall. When we add the island/bar area, I have learned that I don't want to break up [...]
Okay so I hesitate to even say anything out loud, but I am feeling (cautiously) optimistic. Why still so guarded? Because we have a LONG way to go. I have seen signs that things are starting to stall (a small increase in inventory, a small decrease in active buyers), but compared to the rest of the country KCMO has been hit much harder than most. Now there is news that the lumber prices are coming down, more buyers are [...]
Time to check in on the local 1st quarter housing market data. Watch this 2-minute video straight for the source, Heartland MLS.