Per Zillow 38% of Buyers in the Kansas City Market Did This Last Year

Per Zillow 38% of buyers in the Kansas City market paid more than the asking price. If you are thinking of selling, now is a great time.  The real estate market needs inventory.  If you are in the market to buy, be ready to make a strong offer.  Here is the article.

https://www.bloomberg.com/news/articles/2018-01-11/one-in-four-u-s-homebuyers-paid-above-listing-price-last-year

As always, if you have any questions let me know.

All the best,

Lee McLain

 

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CoreLogic’s Home Price Index (HPI) for May

CoreLogic’s Home Price Index (HPI) for May just came out and shows very solid appreciation growth nationally. And forecasts that home prices will rise by 5.3% in the year going forward…and they are usually a bit on the conservative side. It’s a great time to be a homeowner. Let me know if you would like to see what this means to your potential net worth if you are in the market for a new home.

Have a great day!

Lee McLain

Loan Performance

CoreLogic just released their Loan Performance Insights for March 2017, showing that mortgage performance continues to improve. Thanks to tighter underwriting and home price appreciation.

This is getting us back to levels last seen in January of 2000.  And this is great news for homeowners.  Since distressed sales are not hurting home values and fewer vacant homes that can attract crime.

Thanks for reading,

Lee McLain