Kansas City Confronts Housing Crash

Sign of the times . . . And we hope to explain the basics here . . .

There are fewer houses on the market and you can't afford most of them. 

Even worse . . . Inflation & city regs limit the profitability of providing new affordable housing stock. So the hot mess will likely worsen.

Check the raw data . . .

"The number of new listings in the metro area was down a stunning 18.3% in May 2023 over the previous year, according to the Federal Reserve of St. Louis. There were 3,204 homes put on the market last month — fewer than in May 2020 during the thick of pandemic lockdowns."

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

New listings down 18% in May: Kansas City housing market update

Fewer homes were added to the market this year than amid pandemic lockdowns in May 2020.