THE INDEXKC- RAYMORE BELTON PECULIAR MARKET UPDATE
Weekly KC Metro Market Update
“We’re moving to Belton”, shouted Kendra at the closing garage door, hoping Bryan would hear her as he revved up the motor in their minivan, headed to Starbucks for coffee. “I want a place just outside of town so that our kids can enjoy the peace and quiet of a more rural setting.”
Their Realtor had explained not to worry….”Rates dropped last week 1/2 point, and are hovering at 6% for well prepared buyers.”
Bryan and Kendra are enjoying less competition than they’d faced last summer, and though rates are slightly higher, they know rates are expected to fall, and they’ll refinance their home at that time. Their friends, waiting on lower interest rates, won’t fare as well, as they’ll face more compeititon and potentially higher prices as they wait for rates to fall.
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!