THE INDEXKC- KC METRO MARKET UPDATE
Weekly KC Metro Market Update
I understand the higher prices of groceries and gasoline, and exactly how those high prices affect a familiy’s security. Just as understandable you’d like help making sense of the housing market. Here we go….
Buyers the keyword is affordability. As rates rise, the same monthly payment delivers 10% less home for every 1% increase in loan rate. The upside is less competition as rates and inventories rise together. Buying now gets you the home you want, with the opportunity to refinance at a later date. And far fewer multiple offers stand in the way between you and your dream home.
Sellers, you have the opportunity to market your home while inventory levels are still at historic lows. The upside for you is that you can sell and purchase your next home with far more options than you had last summer.
FUN KANSAS CITY FACTS!
There’s more to the City of Fountains than just barbecue. (Although the barbecue is legendary.) Study up before your next visit to the midwestern metropolis of 467,000.
1.Kansas City spans two states: Missouri and Kansas. The international airport, baseball stadium and football stadium are all on the Missouri side. The professional soccer team and the NASCAR race track are found on the Kansas side.
2. And you can be in both states at the same time if you stand on State Line Road, which runs north-south along the border of Missouri and Kansas.
3. However, the two states have not always been on friendly terms. During the Civil War, violence erupted across Kansas between abolitionists and fighters from slave state Missouri over whether or not Kansas would allow slavery. The state during this time became known as “Bleeding Kansas.” (mentalfloss.com)
If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers! Click the button below and let’s get you the information you need to be successful!