KCRAR's June 2020 KC Real Estate Market Statistics are Here

KCRAR's June 2020 KC Real Estate Market Statistics are Here

Let’s check out the June 2020 Kansas City Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service. Highlights from the June data include:

  • June 2020 average sales price for new & existing homes combined ($275,922) is 6.5 percent higher than June 2019.

  • There were 4,156 home sales (new & existing combined) for June 2020, which is 4 percent lower than last June (4,328).

  • Home inventory (new & existing combined) for June 2020 (4,953) is 45.5 percent lower compared to June 2019 (9,084).

  • The supply of new and existing homes for June 2020 is currently 1.5 months.

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Fannie and Freddie, Donald and Joe

Fannie and Freddie, Donald and Joe

Fannie Mae and Freddie Mac back approximately half of all new mortgages in the United States. The Trump administration has made it clear that it plans to reduce the federal government’s role in the activities of the two giants, over a decade since the last housing crisis. However, if the president loses his re-election campaign in November, the likelihood of any privatization-type reforms passing is slim. This effort, led by Mark Calabria, who was appointed chief of the Federal Housing Finance Administration (FHFA) by President Trump last year, has a number of implications for homebuyers and real estate investors alike.

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Majority of Homeowners Approved for a Mortgage Forbearance May Not Have Needed One

Majority of Homeowners Approved for a Mortgage Forbearance May Not Have Needed One

In the wake of the COVID-19 pandemic, many homeowners questioned whether or not they’d be able to pay their monthly mortgage payments. As a result, millions of people requested a mortgage forbearance agreement, which temporarily postpones or lowers a borrower’s monthly mortgage payments.

Though forbearance can be a boon for homeowners struggling to stay afloat, a new LendingTree survey conducted by Qualtrics suggests that most people who received a forbearance may not have actually needed one.

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Building Broker Relationships: The Key to Off-Market Deals

Building Broker Relationships: The Key to Off-Market Deals

Real estate is a relationship business, so if you find yourself saying “I can’t find deals right now,” consider a shift in mindset. Especially if you, like LiveFree Investments founder Logan Freeman, are competing for deals in the world of real estate without decades of experience under your belt, it can be frustrating trying to position yourself against others in the race of the market. Enter, broker relationships.

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These are the top 15 U.S. cities to launch your career - KC #6!

These are the top 15 U.S. cities to launch your career - KC #6!

Where can you start a career in sports marketing? A few months ago, Purdue senior Colin Burns was pursuing minor-league baseball opportunities as far as 900 miles from his northwest Indiana campus. Then he discovered his best opportunity was just an hour's drive away.

This summer, Burns will begin work with the NFL's Indianapolis Colts, working in the events department and handling some social media duties. His pay won’t be lavish, but the job connects him with a top-tier employer. It's a start. And it keeps him close to his friends and family.

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Free to Work and Save

Free to Work and Save

According to recent estimates released by the U.S. Commerce Department’s Bureau of Economic Analysis, personal income increased by 10.5 percent in April 2020. Disposable personal income saw an even larger increase, up 12.9 percent. Personal consumption expenditures decreased by 13.6 percent in the same period. In other words about numbers, people are saving more and buying less. Notwithstanding “new normal” notions, ‘normal people’ can live within their means. They in fact are already doing so (the personal savings rate is 33.0%!), for now at least. If our neighbors are not consuming at or above pre-quarantine levels, what exactly are they doing with these ‘extra’ funds? How might that money be maximized?

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How Successful People Beat Stress and Avoid Burnout

How Successful People Beat Stress and Avoid Burnout

In times of extreme change, like we’ve faced the last couple of months, negative emotions begin to multiply and intensify. Emotions like anxiety, fear, and frustration can even begin to feel baked into our everyday lives.

A recent survey of American workers during COVID-19 reported the following:

–70% of employees say that COVID-19 is the most stressful time ever in their working career

–88% of employees say they’re experiencing moderate stress or worse

–62% of stressed employees say they lose at least an hour of productivity per day

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