Friday, September 27, 2019

KCMO REAL ESTATE REALITY CHECK: 2019 HOME BUYING SEASON A BUST?!?

Of course our real estate agent friends will show us numbers that are comparable with last year BUT ask or look around and notice a lot more houses still on the market or quickly removed after languishing. Sadly, most real estate news tells us that "NOW is the best time to buy" no matter the economic implications of a recession looming and growing complaints over wage stagnation.

Money line:

"In Kansas City, the median home value is $191,900, according to the report. Buyers with a credit score of less than 680 could save $117 a month by mortgage shopping. Buyers with a credit score exceeding 680 could save $83 a month."

More info for subscribers:

Zillow report: Home buyers don't shop around on mortgage rates - Kansas City Business Journal

Home buyers, especially those with low credit scores, are paying too much on their mortgage rates, a recent Zillow report found. Buyers aren't shopping around for a mortgage rate, but they should, even though rates are historically low, according to the report. In Kansas City, the median home value is $191,900, according to the report.

9 comments:

Anonymous said...

Markets been flat-cold since 2016 when the Kardashian build your frosty dream home among the arty people hype fizzled out.

Prices keep dropping and houses still aren't selling. Who the hell wants to move to vibrant Killer City when you really think about it.

Anonymous said...

Zillow says my home will be $50 Million next month! A great deal for 750 Sq.Ft.

according to the report said...

according to the report
according to the report
according to the report

Anonymous said...

OMG I want to buy a house in the urban core where my property tax bill will go up 1008% a year or two after I buy it! With a patio where I can listen to sirens blaring all day and night!

Anonymous said...

Houses are not dropping in price. Five years ago you could get a house in waldo for around 100k. Now it's 150k minimum for a place under 1000 sq ft in the same neighborhood.

Good news is it's ever so slowly raising prices on the houses between troost and the paseo. We're still a long way off from them being priced like waldo, but it is very slowly happening

Anonymous said...

^^Or get this...you can move! How about that? Why don't you do that????

Anonymous said...

Nobody wants to pay those kind of prices in a shit run city like killa shitty, those prices reflect a quality of living that this city can’t provide, between being #5 for murders, infrastructure nearly destroyed at this point, water bills through the roof and let’s not forget the ridiculous taxes that keep rising, public schools that can’t get accredited. it’s impossible to provide a quality of life that we all deserve to live here.

Anonymous said...

10:32 oh chimpy, no bananas for you today, your attitude is just terrible!

Anonymous said...

10:32 AM Well of course they are raising. How can it not go up when assessments over there in that area have been $30K or $40K for the past 100 years.