The Jason Brown Group’s quarterly promotions are in effect through the end of July. We’re helping sellers with the costs of a home cleaning prior to putting their home on the market and we’re helping home buyers with the costs of their home inspection! If you’re a military service member, we’re giving our military clients a special additional gift as a thank you for your service!
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Posted by Jason Brown
Checking The Pulse Of The Kansas City Real Estate Market
The most recently released Kansas Association of Realtor market stats, covering home sale activity for Kansas during November, indicate home sales volume fell 7.1%. This slow down comes after a 3.5% increase in homes sales at last month’s check. The fall in home sales should not come as too big of a surprise however given how hot the market at this time last winter, which is what our current market is being compared against.
Overall in the state of Kansas, we remain in a balanced real estate market with 5.8 months of inventory on the market. This is up slightly from last months 5.5 months of inventory. While home sales volume fell this month, average home sale prices continue to rise. Compared to last November, home sales prices increased 11.3%, which follows up last month’s 8.4% increase.
Locally in the Johnson County Kansas, a seller’s real estate market continues with 578 homes sold (closed) during the past month. Compared to the current volume of homes for sale in Johnson County Kansas, we have 3.2 months of inventory currently for sale.
Posted by Jason Brown
Checking The Pulse Of The Kansas City Real Estate Market
Delaying foreclosures on someone who’s stopped making their mortgage payments comes to the disdain of many homeowners who continue to meet their financial obligations during tough times. The whole foreclosure mess is frustrating to tax payers who feel they’re footing the bill in many cases, while a neighbor continues to live in their home for “free” while awaiting completion of the foreclosure process. Yet when looked at more closely, this has merit and is clearly the compassionate thing to do, since it gives families a chance to get through the holiday season.
It doesn’t stop the banks from taking all the other steps they go through to keep the foreclosure process moving along — it just temporarily stops the sheriff from showing up at the door and evicting people from the home. From what I’ve read to this point, Freddie Mac, Fannie Mae and Bank of America – three of the major financial institutions involved in today’s foreclosures – have all halted foreclosures for approximately two weeks beginning this week.
Posted by Jason Brown