2014 Recap

After another year of economic recovery, real estate has made overall gains in the Kansas City Metropolitan Area. There are some indications that the market has begun to cool significantly as inventories are down in many counties and the prices have begun to stabilize. The multi-family market is extraordinarily tight with less than 18 listings on the MLS in Johnson County, Kansas and a small number of desirable properties in Jackson, Cass, and Clay, and Platte Counties in Missouri. Wyandotte County has seen a steady uptick in home values, but high property taxes that are being used to pay for The Legends development, keep many investors on the sideline. Overall, interest rates have not made the climb that many analysts expected, but the fed has indicated that rates will be climbing by the end of this year.   This helped  small investors to make acquisitions and kept borrowing costs low. Most investors are in a holding pattern of sorts as rents are stable and climbing and there is not major interest in moving into more risky positions. This has made it difficult for new players to enter into the market, as the inventory is extremely low.   The prospective real estate investor… read more →