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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Weekly Newsletter

Here is this weeks review of mortgage rates from last week, what you can expect this week and thoughts on what could move the mortgage market this week.  As always, please let me know if you have any questions.

MBS-Road-Signs-11-20-2017

Have a Happy Thanksgiving!

Lee McLain

Weekly Newsletter

Here is this weeks review of mortgage rates from last week, a breakdown of how the tax reform options are moving the markets, what you can expect this week and thoughts on what could move the mortgage market this week.  As always, please let me know if you have any questions.

MBS-Road-Signs-11-13-2017

Have a great week!

Lee McLain

Weekly Newsletter

Here is this weeks review of mortgage rates from last week, what you can expect this week and thoughts on what could move the mortgage market this week.  Also included is the housing numbers from last and the National Association of Realtors Lawrence Yun, their chief economist, pointing out one of our largest problems – lack of homes for sales.  And as always, please let me know if you have any questions.

MBS-Road-Signs-10-30-2017

Have a great week!

Lee McLain

Existing Home Sales for September 2017

Below is a great link to an interactive graph.  It is a great look at the nationwide home sales for September 2017 that you can breakdown by region or state that is provided by the National Association of Realtors.

https://www.nar.realtor/infographics/existing-home-sales?sf124924071=1

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

All the best,

Lee McLain

Weekly Newsletter

Here is this weeks review of mortgage rates from last week, what you can expect this week and thoughts on what could move the mortgage market this week.  And as always, please let me know if you have any questions.

MBS-Road-Signs-10-16-2017

Have a great week!

Lee McLain

KC Real Estate Statistics for August

The Kansas City Regional Association of Realtors put out some great reports breaking down the local real estate market.  Here is a quick snapshot of what happened in August.

If you want to dive deeper and see how specific counties did, follow this link – Local Market Update.  And for the Monthly Indicators – HMLS_MMI_2017-08.

Inventory is still really low, which keeps push the sales prices up.  You will see a drop in inventory and an increase in average price in basically every county in our area.

Thanks for reading,

Lee McLain