Mortgage Rate Spike Moves Even More Kansas City Out Of Real Estate Market

Reality check about life in this epoch . . . 

Home ownership is now unattainable for most Americans.  

This change didn't happen overnight and there's more than enough blame to go around BUT it's a fundamental reset for the way that most people think about the leading economy in the world.

Here's more proof . . .  

"Mortgage rates topping 7% are making it harder for first-time homebuyers in the Kansas City area to enter the market, with some choosing to rent instead and others turning to cash offers to compete . .. 

"The Kansas City Realtors Association said the market remains incredibly tight and does not expect prices to drop anytime soon. As a result of rising interest rates, realtors across the metro are seeing a significant increase in mostly cash or all-cash buyers."

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

Rising mortgage rates above 7% push Kansas City homebuyers toward renting, cash deals