In part one of this blog series, we looked at three trends that are emerging from the post-shutdown real estate market. Those three were the rise in the millennial home buyer demographic, the use of video apps for real estate agents, and the exponential growth of online home-searching. Part two of our Trending #RealEstate blog discusses the mortgage rate cut in the early throes of the pandemic, and how it inevitably affected refinances, inventory, and what it will mean to the future of real estate. With remote work becoming the new normal for the foreseeable future, millennials entering the homebuyer market in force, and the widespread shift to suburban lifestyles, the real estate industry here in KC and beyond is set for an interesting end to 2020. 

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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)

Healthy buyer demand and constrained supply continue to be the story for much of the country. Nationally, showing activity in July remained substantially higher than a year before and multiple offer situations are a frequent experience in many markets. With the inventory of homes for sale still constrained, a competitive market…

 We have all seen and experienced the riptide that was the U.S. economy run roughshod over the analysts’ and experts’ predictions for 2020. “Record-low” and “record-high” have become common to hear when discussing any market across the country as of late, and while the drastic dip can be seen in many of these markets, some experienced the opposite effect. Of all the fluctuation and uncertainty, real estate has stood fast as one of the market buoys, seeing incredible shifts  in homebuyers and sellers as the industry works through record breaking conditions and one of the most significant market booms in industry history. In this blog we are taking a look at what trends have developed as a sum of the uncertainties and fluctuations, and what the future

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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 much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by…

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…

 

Moving is a stressful activity. Not only the physical aspect of lifting boxes and packing all your belongings to move to a new place, but also the planning aspect. Finding new schools, new gym, getting settled in a new workplace potentially, setting up utilities, acquiring a cable provider, and being able to fit everything into your budget. But what if you had something that could take 50% of that stress off your shoulders and automate your moving process to make things easier than you ever thought possible? Welcome to BHGRE® Moves.

The BHGRE® Moves services offer you exceptional convenience, at no additional cost. On average, new homeowners spend five hours and make seven phone calls to change their utilities and home services. With BHGRE®

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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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Kansas City Homes President, David Cooper, was overwhelmed with support from office staff and agents who mailed in cards, notes, and letters expressing support and well-wishes for him. He gives his thanks to the Better Homes and Gardens Real Estate family in this thank you video below.

As members of the real estate market, it is our passion to serve the Kansas City community. Over the last three months, we have seen our market get more and more unique as we adapt to all-time low interest rates, market variances, and public health concerns. As real estate agents and industry leaders in Kansas City, we tasked ourselves with continuing to provide the same degree of service to our customers, while keeping current with developing guidelines from government leaders. To do this, we have introduced and implemented new technology to complement our plans for the future and continue to perform our essential services to our community. 

Evolving our existing digital services while using these new technologies became our mission and as a

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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 stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people filed initial unemployment claims according to the United States Department of Labor, fueled by stay-at-home orders and a slowdown of economic activity across…