Survey Seyz: Kansas City Housing Market Holds Steady Ahead Of Collapse

We don't envy anybody looking for a decent house in Kansas City right now.

There's a great deal of misinformation, false hope and continued speculation. Meanwhile, market bears have data to back up their fears of a collapse.

Just to make things a bit more interesting . . . Here's more data on the confusing topic powered by a bevy of people who want to relieve fools of their money . . .

Kansas City: The Kansas City metro area ranked No. 1 in market tightness, or lack thereof. In this category, Bankrate graded metro areas by how many homes were for sale compared to a year ago, and how quickly those homes sell. In an intense seller’s market nationwide, Kansas City stood out as the least insanely skewed market.

Read more via www.TonysKansasCity.com links . . .

Best And Worst Cities For First-Time Homebuyers 2022 | Bankrate

In the COVID-fueled real estate boom, home prices continue hitting new highs. Soaring values are a windfall for homeowners but a headache for first-time homebuyers, who can be forgiven for feeling as though homeownership moves further out of reach by the week.

Further reading . . .

Skyrocketing home prices and rents create housing crisis

In today's highly competitive housing market, millions of Americans are priced out of buying a home, often competing with all-cash offers well above asking prices. Rents are skyrocketing, too, causing overall housing affordability to collapse at its fastest rate on record. Roben Farzad, host of public radio's Full Disclosure, joins John Yang to discuss.

'All of this points to a broader weakness in the housing market': Buyers are officially spooked by rising interest rates - just don't expect a housing crash

The U.S. housing sector is losing steam amid rising interest rates, which are spooking some would-be home buyers, according to various reports. The housing sector's been red-hot for months amid the two-plus years of the COVID-19 pandemic, with soaring prices leading some economists to express their concern about overvalued markets.

The Great Recession misled millennials: It made them think high home prices will eventually come down

The housing markets of the mid-2000s and early 2020s share some similarities. However, the end of the two hot cycles will be very different in nature. That's bad news for prospective millennial buyers hoping to see home prices fall. History often repeats itself - but when it comes to the current housing market, don't hold your breath.

You decide . . .