Kansas City Housing Bubble Bursting
Housing numbers haven't been horrible this year but there's a sense among smarter people than TKC that boom over the past couple of years is about to bust.
This would've happened with an interest rate spike but now other looming economic numbers might do the trick of calming some of the irrational exuberance over commercial property that continues to power so many local schemes.
And, with all due respect, if this group were really good at predicting stuff . . . They wouldn't be attending any flyover country University . . .
KC Biz Journal . . . Wichita State forecast: KC housing will set record for sales next year
Here's the giveaway that it's trade industry schlock . . .
“We expect sales to top 38,000 units in 2017, the highest level on record.” Longhofer was scheduled to present the forecast at 10:15 a.m. Tuesday at the Kansas Association of Realtors . . .
You decide . . .