Monday, March 23, 2020
TKC EXCLUSIVE!!! INSIDER DEMANDS JACKSON COUNTY PROPERTY TAX REASSESSMENT DOWNGRADE AMID CORONAVIRUS PANDEMIC IMPACT!!!
The outbreak of COVID-19 has thwarted the 2020 Kansas City real estate selling season.
Economic turmoil sending markets into a tailspin is unattractive for potential buyers and for the next few weeks the local real estate biz will mostly shut down along with all other non-essential biz.
Here's an overview of the national real estate scene that also applies locally:
CNN: "Restrictions to movement, a plunging financial market and uncertainty about future income, all because of the coronavirus pandemic, have upended plans to buy and sell homes overnight. Real estate activity has slowed considerably as buyers, sellers and agents try to figure out the path forward."
Forbes: How Coronavirus Is Impacting Luxury Real Estate
Fox Biz: Will coronavirus crisis send US real estate market plunging?
To be fair, trying to predict any market is a sucker's game but it's not out of line to notice that professionals in this industry have become extremely cautious.
Moreover . . .
INSIDERS STILL DECRY LAST YEAR'S JACKSON COUNTY REASSESSMENTS AND LOOK FOR CORONAVIRUS ADJUSTMENTS!!!
A quick note:
"Coming 2020-2021 A historic Jackson County reassessment decline. The county tried to overvalue homes and businesses in 2019. It's time to reduce the values."
We reached out to other insiders in this debate and they claim that the change to the local markets amid the coronavirus outbreak should be factored into THOUSANDS of current assessments still under appeal.
Developing . . .