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Market Stats Is Affordability Starting To Improve? Over the past couple of years, a lot of people have had a hard timeĀ buying a home. And while affordability is still tight, there are signs itā€™s getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at theĀ National Association of RealtorsĀ (NAR),Ā says: ā€œHousing affordability is improving ever […]
Market Stats Greater KC area Fast Stats ā€“ July 2024 Market Highlights Kansas City Metro Area July 24ā€² vs July 23ā€² Home sales are ā†—ļø 4.9% to 3,539 closed sales. Home prices are ā†—ļø 4.3% to $368,166 average sales price. Home inventory ā†—ļø 7.8%Ā  to 6,590 total homes available. Home monthly supplies are ā†—ļø 10.0% to 2.2 months supply. Average days on market are ā†˜ļø […]
Real Estate Mortgage Rates Down a Full Percent from Recent High Mortgage rates have been one of the hottest topics in theĀ housing marketĀ lately because of their impact onĀ affordability. And if youā€™re someone whoā€™s looking to make a move, youā€™ve probably been waiting eagerly for rates toĀ come downĀ for that very reason. Well, if the past few weeks are any indication, you may be getting your wish. Mortgage […]
Market Stats 3 Reasons Why Weā€™re Not Headed for a Housing Crash **Sources: NAR, Census, ATTOM, Bankrate** Some Highlights Back inĀ 2008, there was an oversupply of homes for sale. Today, thereā€™s anĀ undersupply. The three main sources of inventory show this isnā€™t like the last time. Existing homes,Ā new homes, andĀ foreclosuresĀ are all way below the levels we saw during the housing crash. Inventory data shows there just arenā€™t enough […]
Real Estate The Biggest Mistakes Sellers Are Making Right Now TheĀ housing marketĀ is going throughĀ a transition. HigherĀ mortgage ratesĀ are causing more moderate buyer activity at the same time the supply of homes for sale is growing. And if you arenā€™t working with an agent, you may not realize that. Hereā€™s the downside. If youā€™re not informed, you canā€™t adjust your strategy or expectations to todayā€™s market. And […]
Real Estate When You Need a Written Buyer’s Agency Agreement Things consumers should know after 8/17/24.:Ā  If you are a buyer and your agent is using an MLS, you will need to sign a written agreement with your agent before touring a home so you understand exactly what services will be provided, and for how much. Written agreements are required for both in-person and live […]
Market Stats The Biggest Mistakes Homebuyers Are Making Right Now Some Highlights Want to know theĀ biggest mistakesĀ homebuyers are making today? They include everything from putting offĀ pre-approvalĀ for too long, holding out for theĀ perfect home, buying more than they can afford, and skipping out onĀ hiring a pro. Connect with a real estate agent to make sureĀ you have a pro on your side who can help you avoid […]
Market Stats Greater KC area Fast Stats ā€“ June 2024 Market Highlights Kansas City Metro Area June 24ā€² vs June 23ā€² Home sales are ā†˜ļø 13.1% to 3,472 closed sales. Home prices are ā†—ļø 4.2% to $382,567 average sales price. Home inventory ā†—ļø 5.0%Ā  to 6,305 total homes available. Home monthly supplies are ā†—ļø 10.5% to 2.1 months supply. Average days on market are ā†—ļø […]
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Market Stats The Price of Perfection: Donā€™t Wait for the Perfect Home In life, patience is a virtue ā€“ but in the world ofĀ homebuying, waiting too long in hopes of finding the perfect home actually isnā€™t wise. Thatā€™s because the pursuit of perfection comes at a cost. And in this case, that cost may be delaying your dream ofĀ homeownership. AsĀ BankrateĀ explains: ā€œOne of the most common first-time homebuyer […]
Market Stats Greater KC area Fast Stats ā€“ May 2024 Market Highlights Kansas City Metro Area May 24′ vs May 23′ Home sales are ā†—ļø 2.3% to 3,757 closed sales. Home prices are ā†—ļø 2.8% to $368,471 average sales price. Home inventory ā†—ļø 8.4%Ā  to 6,229 total homes available. Home monthly supplies are ā†—ļø 16.7% to 2.1 months supply. Average days on market are āž”ļø […]
Market Stats Do Elections Impact the Housing Market? The 2024 Presidential election is just months away. As someone whoā€™s thinking about potentiallyĀ buyingĀ orĀ sellingĀ a home, youā€™re probably curious about what effect, if any, elections have on the housing market. Itā€™s a great question becauseĀ buyingĀ orĀ sellingĀ a home is a major decision, and itā€™s natural to wonder how such a major event might impact your plans. Historically, Presidential […]
Market Stats $600,000 – 14975 Roxburghe St., Olathe, KS 66061 NEW Listing ā€“ $600,000 2 Story šŸ” ā€“ 4 Bed šŸ›ļø ā€“ 4.1 BathšŸ› – šŸŒļøBacks to 9th Fairwayā›³ļø Finished Walkout Basement w/ Wet-Bar – Fire Pit Schedule a showing today! Have a great day, Gregory Weis 913-579-4106Ā  Cell 913-631-2900Ā  Office gweis@cbregan.com Ā  Ā Ā Ā  Ā Ā Ā Ā Ā  Oh, by the wayĀ®ā€¦ if you know of someone who […]
Market Stats $400,000 – 5701 W 78th St., Prairie Village, KS 66208 NEW Listing – $400,000 S/S Split šŸ” ā€“ 3 Bed šŸ›ļø ā€“ 3 BathšŸ› Finished Basement – Fenced Yard – Fire Pit Schedule a showing today! Have a great day, Gregory Weis 913-579-4106Ā  Cell 913-631-2900Ā  Office gweis@cbregan.com Ā  Ā Ā Ā  Ā Ā Ā Ā Ā  Oh, by the wayĀ®ā€¦ if you know of someone who would appreciate the level of […]
Market Stats $229,000 – 909 S. Broadway St., Leavenworth, KS 66048 Completely Renovated ā€“ NEW PRICE ā€“ $229,000 1.5 StoryšŸ” ā€“ 4 Bed šŸ›ļø ā€“ 2 BathšŸ› Fenced Yard ā€“ Parking in Back Schedule a showing today! Have a great day, Gregory Weis 913-579-4106Ā  Cell 913-631-2900Ā  Office gweis@cbregan.com Ā  Ā Ā Ā  Ā Ā Ā Ā Ā  Oh, by the wayĀ®ā€¦ if you know of someone who would appreciate the level of […]
Market Stats Now’s a Great Time to Sell Your House Thinking aboutĀ selling your house? If you are, you might be weighing factors like todayā€™sĀ mortgage ratesĀ and your own changing needs to figure outĀ your next move. Hereā€™s something else to consider.Ā AccordingĀ to the latestĀ Home Purchase Sentiment IndexĀ (HPSI) fromĀ Fannie Mae,Ā the percent of respondents who say itā€™s a good time to sell is on the riseĀ (see graph below): Why Are […]
Market Stats Quarterly Skinny – Q1 2024 ļ»æļ»æ Market Highlights Kansas City Metro Area Q1 24ā€² vs Q1 23ā€² Pending Sales ā« 4.9% Closed Sales šŸ”»Ā 2.6% Available Homes for Sale šŸ”»1.8% Sales Prices ā« 4.2% Percent of Original Price Received šŸ”»to 97.3% If you have more questions about this information, feel free toĀ reach outĀ for more information. Have a great day, Gregory Weis […]
Market Stats Myths About the 2024 Housing Market Some Highlights When it comes to the currentĀ housing market, there are some myths circling around right now. Some of the more common ones are that itā€™s better to wait forĀ mortgage ratesĀ to fall or prices to crash. But there are others about theĀ supplyĀ of homes for sale and down payments. Lean on a real estate professional to […]
Market Stats Avoid Wire Fraud – Personal Email Rules Fraud attempts happen when individuals (Buyers & Sellers) have provided email credentials in a phishing attack at some point in the past. These may have happened 5-20+ year ago without your knowledge but could effect you today. Scammers set rules in your email account to forward legit emails and then delete the forward automatically. This […]
Market Stats Greater KC area Fast Stats ā€“ March 2024 Market Highlights Kansas City Metro Area March 24′ vs March 23′ Home sales are ā†˜ļø 0.5% to 2,712 closed sales. Home prices are ā†—ļø 3.4% to $341,117 average sales price. Home inventory ā†˜ļø 1.8%%Ā  to 5,115 total homes available. Home monthly supplies are ā†—ļø 12.5% to 1.8 months supply. Average days on market ā†—ļø 19% […]
Market Stats Top 5 Reasons To Hire an Agent When Buying a Home Some Highlights Hiring an agent whenĀ buying a homeĀ helps you understand theĀ buying processĀ and the local market. Theyā€™ll also go over contracts and fine print with you, so you understand what you’reĀ agreeing to. Plus, they’re good at negotiating, making sure you get the best deal. Expert adviceĀ from a trusted real estate professional isĀ priceless. Connect with a local […]

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