Kansas City Real Estate Market: Prices, Trends & Forecast 2022
Kansas City Real Estate Market: Prices, Trends & Forecast 2022
Abstract
Kansas City real estate market has seen a large increase in demand for entry-level homes. The Coronavirus has forced the government’s hand into reducing interest rates to a level that new buyers will find irresistible. In the last year, local home values have increased 17.6% in the wake of the pandemic. The latest increases are directly correlated to a distinct lack of inventory. The increase will most likely spur a lot of buying activity. But it is safe to say mortgages will start costing buyers. There is no telling how much interest rates will rise.
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