Kansas City Real Estate News Blog : It's a great time to buy a Kansas City Home

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It's a great time to buy a Kansas City Home

It’s a great time to buy a Kansas City Home. Interest rates have fallen seven months in a row and are near 40 year lows, inventories of existing homes are higher than they have been in decades and prices have stabilized. In fact the existing-home median price for single family homes in September 2006 fell from a year ago by 2.2% The median sales price is typically the market price of where half of the homes sold for less and half sold for more. The perfect conditions for homebuyers will likely change as sales pick up, prices gain traction and conditions improve for sellers after the first of the year. In 18 years in real estate I have never seen a time to buy a Kansas City Home than this fall. www.DowellTaggart.com

Posted: Wednesday, November 08, 2006 5:15 PM by Chris Dowell

Filed under: Real Estate, Announcements, Olathe Kansas, Gardner Kansas, Overland Park Kansas, Lenexa Kansas, Shawnee Kansas, Stats

Comments

Naysayer said:

What a crock! Only Buyers will do well in this environmant, Sellers will get hammered.

# November 9, 2006 1:05 PM

Buyers Agent said:

Naysayer is dead wrong. Think about it, selling your $150,000 home at 5% below market and buying your new $350,000 home 10% below market is a huge net increase in the value of your home as an investment. Get with the program Naysayer!

# November 9, 2006 1:06 PM

Anthony, New Buyer said:

Real Estate Wizard, age old question related to rising interest rates...If I buy NOW, I'm paying too much, (with interest rates, my payment is artificially high), if I wait, the price of the home will rise to compensate for the decrease in interest rates....Sounds like a bad idea all the way around. Wizard, what do I do...?

# November 13, 2006 5:28 PM

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