Local market updates from Kansas City Regional Association of Realtors (KCRAR) provide a closer look at the current market conditions in the Kansas City metro area. Whether you're a buyer or seller, visit Better Homes and Gardens Real Estate Kansas City Homes' Better Living Blog each month to stay updated on the latest home sale trends.

Monthly Indicator Analysis from Kansas City Regional Association of Realtors (KCRAR)

While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity…

 

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Business as we know it has changed drastically over the last several months due to the outbreak of the COVID-19 pandemic. As we are now in June and early summer, we are beginning to emerge and return to the "new normal" of daily life. As agents of the real estate industry, we have seen major fluctuations in the market across the United States akin to a roller coaster flying over dips and hills. In this blog we are looking to consolidate the state of affairs in the real estate market, analyzing the statistics and looking into the crystal ball on what the summer and fall will hold for home-buyers and sellers.

 

At the beginning of the stay-at-home orders, we naturally saw a sharp dip in almost every statistical category in real estate. One of

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