First we start with a quote that's cute but might be far too bullish on a tough biz . . .
“Buy land, they aren’t making it anymore.” – Mark Twain
Meanwhile . . .
The last bit of the selling season features a great deal of desperation as the housing industry remains in flux and hopes to convince greedy locals to sell for fast cash and not think about where they'll live AFTER giving up their residence . . . Check the money line . . .
"For Kansas City, highlights of the report include:Home sales are predicted to continue to rise, and could increase by 5.9% in 2022.New home construction is predicted to continue to go up, rising another 16.9% next year.Home prices will increase as well. Currently, they're rising at their fastest pace since the late 1970s. The pace will slow slightly, but prices will still increase another 9.2% in 2022."
Read more via www.TonysKansasCity.com news link . . .
KANSAS CITY, Kan. - Kansas City-area home prices will continue to increase next year, according to the 2022 Kansas Housing Markets Forecast released by Wichita State University's Center for Real Estate. The report reviewed current housing market conditions in major markets across Kansas, including Kansas City, Lawrence, Manhatten, Topeka, and Wichita, and forecasts how those markets will evolve over the next year.