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Q: What’s in Store for Our KC Market This Summer?
June 03, 2020 at 2:33pm | Meagan Kang
I’m once again discussing our KC real estate market with my friend Drew.
What can buyers and sellers in our Kansas City market expect as we head into the summer months? The good news is that coronavirus-related restrictions on the real estate industry are easing up (i.e., traditional open houses are an option once again),
and there’s been a steady increase in market activity.
Sellers are enjoying the low inventory, but buyers who absolutely need to buy right now should double-check their pre-approval status and be prepared to put 20% to 25% down on a home if they want to win out
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
0:53 - What COVID-19 restrictions are starting to get lifted for the real estate industry?
2:27 - What is the average seller mentality as we head deeper into the summer market?
4:05 - What advice would you give buyers facing incredibly low inventory?
6:15 - Are there new lending guidelines that folks should be aware of?
8:21 - Is our Kansas City market in a housing bubble? What will happen to prices?
9:20 - Wrapping things up
As always, if you have questions about what was discussed in this video or any other real estate topic, don’t hesitate to reach out via phone or email. We’re always here to help.