The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the … Continue
Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in online search activity Home Price – Growth in asking … Continue
Kansas City real estate market conditions report for May 2020.
Maria O’Dell, Group O’Dell Real Estate Agent shares information on how COVID-19 has impacted the Kansas City housing market in May 2020.
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and … Continue
Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers represent families across the nation that are not sure when (or if) they will return to … Continue
Are you curious how COVID-19 has impacted the Kansas City Housing Market? Maria O’Dell, Group O’Dell Real Estate Agent shares some interesting information….
With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new … Continue
Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. Let’s connect to determine the best way to position yourself for a move in today’s market.
By KCRAR Recent market data for the Kansas City region has provided initial insights on the impact of COVID-19 on local real estate activity. The April 2020 market reports from the Kansas City Regional Association of REALTORS® highlight some bright spots for the Kansas City real estate market. As expected, the local market slowed considerably … Continue
All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. … Continue
The housing industry may have been the strongest industry going into the current economic meltdown and according to the current trends, it looks like it will be the first industry out. That’s great news because our local Kansas City housing market has a $63,000 average economic impact whenever a home is sold! The fact is … Continue