Category: Kansas City Real Estate Market
The Spring Parade of Homes is happening right now
wife and I decided to take a Saturday afternoon and go see all the new construction homes on the Spring Homes Tour. This time though, we decided to only look at homes priced over $700,000. That was a few years ago so a home at $700,000 in Kansas City was considered the starting point of the luxury market. Today that number is probably closer to $1 million. New construction prices pretty much start at $500,000 now, so a $700,000 home is more average in most new construction communities. Read More
When Will Home Prices Drop in Kansas City?
If you’re thinking about buying or selling a house right now, you’re not alone. The housing market has seen a lot of unusual trends in the past couple of years, so it makes sense that you’d want the latest update on what’ll happen in the market before you decide to buy or sell. The truth... Read More
Three Years Ago, Our Entire World Changed
Three years ago on Saturday, March 21, 2020, I was running some errands late in the afternoon. I’d forgotten and left my phone in the car and when I got back into the vehicle, I looked down and noticed I had more than 20 voicemails and text messages on my phone! Most of the voicemails... Read More
Why Selling a House in the Winter May Be the Best Decision Ever
Nobody buys or sells a home in the winter, right? Wrong! In fact, if you check the numbers, you’ll find that a good chunk of home purchases happen during the coldest months of the year. Yes, spring is generally the most popular time of year to sell a house, with hordes of buyers looking to move... Read More
When is the perfect time to get pre-approved for a mortgage?
I wish that homebuyers understood the importance of getting pre-approved for a mortgage. Too many times, they start looking at homes online, touring open houses and even talking to a real estate agent well in advance of actually getting that pre-approval letter. Look, I get it, digging into your financial situation isn’t the fun part.... Read More
Thousands of Realtors Quitting the Business
In March 2020 when the pandemic hit, the restaurant where Jennifer Smith was working as a waitress announced a temporary closure. By June, it turned into a permanent one. Unemployment was a shock for Jennifer, who had been working in the restaurant industry for 15 years. “That was heartbreaking,” she said. “Being in the restaurant... Read More
Being a Realtor® is not what you think it is
Being a Realtor® is one of those occupations that many people are interested in. Friends tell me all the time, “I thought about getting my real estate license at one point” or they’ll tell me they had their license for a while but quit within a few months. When I question them further about this,... Read More
Please Don’t Listen to the News Media
Almost every week now, someone calls or emails me to ask about the real estate market in Kansas City. Too many times I find they’ve been listening to the news media and have skewed information. I typically begin with, “Let me ask you this; do you believe everything you hear on the news?” Most of... Read More
Will My House Still Sell in Today’s Market?
If recent headlines about the Kansas City housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record... Read More
What You Need to Know About Today’s Real Estate Market
If you’re planning on buying a home, it’s important to understand what’s happening in the real estate market. But with so much happening, it can be challenging to know where to start. In a recent article, realtor.com’s chief economist Danielle Hale shared what she thinks home buyers need to know about today’s real estate market, including:... Read More