The Kansas City Regional Association of Realtors data regarding the supply of residential real estate on the market was reported by the Kansas City Star this past week. There was a 6.5 month supply of homes for resale in the Kansas City area in July 2008, substantially lower than the nationwide average of an 11.1 [...]
Despite the nationwide decline in the housing market, the Carthage Press reported that local officials in Carthage, MO, noted that property values remained relatively flat - real estate valuation dropped only 1.6 percent. The decline in real estate values for property tax purposes would be made up for by a slight increase in property taxes [...]
Apparently, the Kansas City Missouri School District isn’t moving fast enough to unload some of its closed schools and unused office buildings for some Kansas City residents because The Pitch has taken it upon itself to analyze the local real estate market and price the properties for sale without the assistance of the school board. [...]
The Missouri House announced the creation of the Interim Task Force on the Missouri Housing Market to study the current Missouri housing situation and recommend legislative measures which can be taken to stabilize the real estate market. Read more at Kansas City infoZine.
Real estate development nationally may be slowing, but downtown Kansas City apparently didn’t get that message. Instead, they’ve joined the parade of other cities revitalizing their downtown area and seeing increased interest in living downtown.
A recent Associated Press article noted the transformation of Kansas City, Missouri following the relocation of H&R Block’s headquarters and a [...]
Missouri is the best state in the country for the manufacturing and logistics industries, according to new research out of Ball State University. The report noted that Missouri had low health care costs and lower corporate and property taxes than many other states. Unfortunately, despite its high marks, Missouri has lost ~45,000 manufacturing jobs since [...]
The average sales price in the area may be right around $100,000, but there’s some luxury real estate around Joplin, Mo. in the southwest part of the state that attracts buyers with million dollar taste. If you are interested in learning more about the custom homes in the area that may have taken 5 years [...]
The rapid rise in the commodity market for crops and demand for corn both for food and for use as ethanol is causing farm land values to buck the national real estate trend of declining home prices. According to Corn & Soybean Digest, the average price of farm real estate in the Corn Belt states [...]
Year to date home sales in St. Louis are down 16 percent, according to the Federal Reserve district based in St. Louis latest Beige Book report. The good news is that economic activity in the Federal Reserve’s Eighth District (covering most of Missouri and some surrounding states) was stable with increased manufacturing activity (excluding the [...]
According to Realty Trac, one out of every 271 homes in Missouri have been the subject of a foreclosure filing. That’s significantly less than the national average of one out of every 171 homes, but still puts Missouri 18th on the list of the states with the most foreclosures.
Kansas City and St. Louis rank 45th [...]