Also Interest Rates on on the rise, with short-term interest rate up by 25 percent in March, bringing interest rates to their highest point in four years. But still low.
Existing-Home Sales Rebound 3.0
Percent in February
WASHINGTON (March 21, 2018) – Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February after two straight months of declines, according to the National Association of Realtors®. Sizeable sales increases in the South and West offset declines in the Northeast and Midwest. Read more
Exclusive: Property Brothers Reveal How to Save Tons of Cash on Kitchens!
“Property Brothers” stars Jonathan and Drew Scott don’t just create dream homes for their clients on TV-they also do it for free! How? As part of Habitat for Humanity’s second annual Home Is the Key Campaign, running through the month of April, the Scotts are helping build two homes in Nashville, TN, for single moms Ashlee and Amanda.”. Read more
Afraid of Selling Your Home Too Soon-and Missing Out on Tons of Cash? Consider This Many home sellers worry that bad timing could cause them to lose out on thousands of dollars, but the calculation is complex. Read more
What’s Holding Back New Home Construction? There’s No One to Build ’em! The lack of homes on the market is driving prices to new highs across the nation. A construction worker shortage is partly to blame. Read More
National housing indicators from February
Existing home sales5.54 millions units*
Existing home median price$241,700
Housing Starts1.236 millions units*
New home sales0.593 millions units*
National economic indicators
4th Quarter 201764.2%
3rd Quarter 201763.3%
The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).
New Home Sales
Sales of new single-family houses in February 2018 were at a seasonally adjusted annual rate of 618,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±13.3 percent)* below the revised January rate of 622,000, but is 0.5 percent (±16.6 percent)* above the February 2017 estimate of 615,000.
Availalbe8013 Virginia – KCMO – Rental
Just Sold3756 N Lister Ave, KCMO
11014 Newton, KCMO
Regional marketsMO – Columbia Area
MO – Kansas City Region
MO – Springfield Region
MO – St. Louis Region
Local Board StatisticsNew residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. Some markets have had increases in signed contracts, but the vast majority of the nation continues to experience fewer closed sales and lower inventory compared to last year at this time. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue for the foreseeable future.
Average Sale Price $214,228
Median Sale Price $185,000
Average Days on Market 49
Months Supply 1.5
( down 25.0%
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Investor Events May 8th
How the Note Investing Business Can Help you Crush the Competiion
Learn the Note Investing Business – Full Day Workshop
Details at MAREI.org
Register for your 1st meeting guest pass, tell them Scott Tucker Invited You.