Although this time of year is generally thought of as slow in the real estate industry, CTC is finding that to be very untrue in 2011! Our offices are bustling with purchases and refinance files...and don't seem to be slowing down anytime soon.
After perusing through various industry related news, we found some great uplifting articles...It appears that throughout the US, home are selling like hotcakes...finally! Check out these articles that we deemed totaly newsworthy!
KCTV5 News: New home sales in KC up 16 percent
KANSAS CITY, MO (KCTV) - New home sales in Kansas City are up by 16 percent compared to this time last year. And builders are hoping this year's Parade of Homes will keep that momentum going. During the two-week homes tour, 246 houses will be on display metro-wide.
While sales in new houses are up from last year, the latest numbers show a decrease in signed contracts in August compared to the previous month. The tour hopes to attract buyers at a time when the economy is slowing down. Experts said buyers can find some of the best prices in new homes. "Prices in Kansas City remain stable. We are usually one of the top 10 markets as far as price value ratio to what you get. There is a lot of creative builders in this town that deliver really a wonderful product," said Mark Mather with Richard Mather Builders.
KANSAS CITY, MO (KCTV) - New home sales in Kansas City are up by 16 percent compared to this time last year. And builders are hoping this year's Parade of Homes will keep that momentum going. During the two-week homes tour, 246 houses will be on display metro-wide.
While sales in new houses are up from last year, the latest numbers show a decrease in signed contracts in August compared to the previous month. The tour hopes to attract buyers at a time when the economy is slowing down. Experts said buyers can find some of the best prices in new homes. "Prices in Kansas City remain stable. We are usually one of the top 10 markets as far as price value ratio to what you get. There is a lot of creative builders in this town that deliver really a wonderful product," said Mark Mather with Richard Mather Builders.
Existing-Home Sales Continue to Climb in November
This article from Realtor.org states that existing home sales were up 12.2% in November 2011 compared to November 2010. According to the National Assocation of Realtors Chief Economist, who has spoken many times in Kansas City and around the country, Lawrence Yun, more people are taking advantage of the buyer’s market. “Sales reached the highest mark in 10 months and are 34 percent above the cyclical low point in mid-2010 – a genuine sustained sales recovery appears to be developing...We’ve seen healthy gains in contract activity, so it looks like more people are realizing the great opportunity that exists in today’s market for buyers with long-term plans.” Click the article title above to read the full article from NAR's website.
