THE INDEXKC- RAYMORE BELTON PECULIAR MARKET UPDATE
Weekly KC Metro Market Update
Higher prices of everything from groceries to gasoline have delivered to many a profound sense of fear. I may not have the answers to all of the effects of inflation, but I can help make sense of the housing market.
Buyers, 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, the upside for you is that you can sell and purchase your next home with far more options than you had last summer.
Fear and concern regarding inflation and the erosion of purchase power related to rates are normal and understandable….Need information on 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!
Wondering about the 262 days on market stat fro Peculiar….There were only 3 homes sold in the last 7 days. One was 111 days on the market, one 245 days and one 609. (So yes the number of days is correct.)
FUN KANSAS CITY FACTS!