WOW: Waldo Home Listing Below Quarter Million Bucks Amid Widespread Scarcity!!!

Maybe a better question: 

WOULD YOU PAY HUNDREDS OF THOUSANDS OF DOLLARS TO LIVE IN WALDO???

To be fair, some of the best restaurants in KC are nearby and this enclave hosts a greater quotient of middle-class, middle-age white lady alcoholics than any other part of town. 

The words that sparked our interest . . .

"This is a good one . . . New listing today  . . .The seller has made significant improvements and it’s move in ready! Offered at $239,000. "

Meanwhile . . . Like it or not, the data shows us that this is, in fact, a bargain . . . Check the data:

The median sales price for a new house was $409,300, and the average price was $487,000, the Census Bureau reported.

The numbers come as existing home sales dropped in September to their lowest pace since  2010, according to HUD data.

September sales of existing homes fell 2 percent to a seasonally adjusted 3.96 million units from 4 million in August, dropping by 15.4 percent on the year, HUD reported, citing National Association of Realtors (NAR) data.

“Month-to-month house prices have increased modestly in the last several months, but mortgage rates have trended up recently, and inventories of existing homes for sale are still lean,” the agency said.

Following more than a year of interest rate hikes by the Federal Reserve in response to elevated prices throughout the economy, mortgage rates touched 8 percent in October, the highest level in more than 20 years.

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

New Listing in South Waldo! Under $250K!

This is a good one....new listing today in south Waldo at 8024 Jefferson St. The seller has made significant improvements and it's move in ready!

Home Prices Hit Fresh Record in September

The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 3.9% from a year earlier in September.

Homes sales slide as prices stay high across the economy

Sales of new homes fell short of expectations in October as mortgage rates hovered near 8 percent amid wider stresses in the U.S. housing market. New single‐family homes sales came in at a seasonally adjusted annual rate of 679,000, compared to a predicted 725,000, according to data released Monday by the Census Bureau and the...

Pending home sales drop to a record low, even worse than during the financial crisis

Pending home sales in October dropped to the lowest level since the National Association of Realtors began tracking them in 2001.

US housing market has 'big hole' to dig out of, Realtor.com chief economist says

Realtor.com chief economist Danielle Hale discussed the housing inventory shortage as homebuyers continue to juggle steep housing prices and mortgages.

Developing . . .