The latest report from the Kansas City Regional Association of Realtors suggests that the average sales price of an existing home is up 15 percent from a year ago, and the average sales price of a new home is up about 16 percent from December 2011. On the other hand 4% of homes currently on the market are in foreclosure. As the housing market begins to recover from the Recession, those buying and selling houses are facing different issues. Mary Hutchison, a Kansas City relator and Mike Cash, Senior Loan Officer at a1 Mortgage talk about this shift on this Central Standard.
Sellers, realtors and even buyers are taking note – the KC housing market is changing. On this Wednesday's Central Standard, a look at signs the market’s on the rebound.
Like many young couples, Jeremy and Elizabeth Bixby want kids, more space and a better neighborhood. So a year ago last March, they decided to sell their 40-year-old duplex in northern Overland Park, near Shawnee Mission Drive and Metcalf.