Checking The Pulse Of The Kansas City Real Estate Market

I have covered in the past why it’s so important for home buyers to consider today’s historically low interest rates when evaluating their potential home purchase. I believe many Kansas City homebuyers will look back and realize the lower interest rate they obtained were much more important than the few thousand they might have “saved” by waiting for home X to drop their price – or for home Y to come on the market. Of course, NO ONE knows the future, so we’ll see.

What we do know is that today’s low interest rates will be a huge factor for homeowners who stay in their home an extended period of time. According to MSN.com, Kansas City is the only metro market in the United States with average interest rates below 5%. The average buyer can secure a 30 year fixed rate loan in Kansas city for just 4.94 — that is amazing!  Here’s the top 5 list according to MSN Money…

The article attributes the low interest rates in the above areas to the same things that have kept our local market from completely crapping out during difficult economic times – we didn’t see the huge fluctuations and appreciation that many U.S. real estate markets experienced.

Posted by Jason A. Brown