Housing Crash Hits Kansas City Hardest

Here's why we think the U.S. hosing dilemma is worst in Kansas City . . .

Rampant taxpayer-backed development pushes out lower-income residents in favor of speculative developers selling into a low-demand. 

Translation . . . Everybody stays losing when City Hall enters the real estate market they don't really understand.

Here's a big picture glimpse sent by BEST & BRIGHTEST TKC READERS that our political elite will try to talk around . . .

The sharp increase in mortgage rates has cast a chill on the housing market. Many buyers have paused their search; they can longer afford home prices they were considering a year ago. Sellers are also wary of listing their homes because of the high mortgage rates that would loom over their next purchase.

"People are stuck," says Lawrence Yun, chief economist with the National Association of Realtors.

Read more via www.TonysKansasCity.com link . . .

2022 marked the end of cheap mortgages and now the housing market has turned icy cold

Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple - both scientists in the biotech industry - were ready to put roots down in Boston.