Last week I was in a discussion with a group of people regarding the real estate market. The group of people were stating that the subprime mortgage market ruined the real estate market in Kansas City.
That is what I have heard, but what do the facts suggest.
According to the latest available real estate foreclosure market statistics for the Kansas City market, less then 15% of the Kansas City real estate foreclosures came from the risky subprime loans. That would mean that over 85% of the Kansas City real estate foreclosures came from less risky Prime Market Share loans.
With this information, it would be hard to argue that the real estate market collapse was caused by risky Subprime mortgage loans,
If you would like to purchase a Kansas City real estate foreclosure and would like to view homes from your computer, go to: View Kansas City Real Estate Foreclosures
Information provided by the Dowell Taggart Team, Your Kansas City Real Estate Foreclosures Experts!