housing market

CC Wikimedia

    

With the foliage at its finest, "For Sale" signs are popping up in front of houses all over town. Home ownership is a staple of the American Dream but in reality renting may make more sense.

On Monday's Central Standard, the Cash Money Crew explores the age old question of whether to rent or buy.

Guests: 

  • Lucas Bucl, Financial Planner, KHC Wealth Management 
  • David Jackson, Financial Planning Association
  • Sandi Weaver, Financial Security Advisors

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. 

Signs KC Home Sales Are On The Rise

Jun 13, 2012
Dan Whitney, LandMarketing

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.

Frank Morris / KCUR

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.