Category Archives: Market Update

Kansas City Employment Forecast

The economy is rebounding, albeit gradually, in Kansas City as well as the rest of the United States. The “Kansas City Business Journal” cites three local economists who are cautiously optimistic about the Kansas City economy and specifically the city’s employment forecast. Among the experts cited was Frank Lenk, senior director of research services for the Mid-America […]

Fewer Foreclosures in Kansas City and Nationally

The number of foreclosure filings around the country is decreasing, according to CNN-Money Magazine. Nationwide, foreclosures are down by 44 percent from August, 2012 to August, 2013. That’s the fewest number of filings since the foreclosure crisis began in 2005. According to RealtyTrac’s Darren Bloomquist, “The foreclosure floodwaters have receded in most parts of the country.” […]

Appraisals Wrecking Havoc…

Since the first of the year (2011)appraisals may have wreck havoc on some of the real estate sales nationwide.  Prior to this year, many of the appraisers used to be able to use 3 home sales within the last 90 days to compare the property. Now it seems many of the lenders/underwriters can and potentially ask […]