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New federal rules will adjust Section 8 subsidies so that Kansas City families can gain access to neighborhoods they've been essentially shut out of, including downtown neighborhoods like Quality Hill and midtown neighborhoods like Hyde Park.
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A group of Kansas City homeowners sued the National Association of Realtors in 2019 over what they said were inflated commission fees. The powerful trade group, which denies wrongdoing, agreed in March to pay $418 million in damages and to adjust its commission practices, which could transform the way Americans buy and sell homes.
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The Kansas City housing market is tight. Lower-interest mortgages signed during the pandemic discourage homeowners from moving on and taking on higher rates, and new construction isn't keeping up with the demand.
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The Missouri Building Codes Act, introduced by Rep. David Casteel, would establish baseline standards for building, electrical, mechanical, plumbing, property maintenance and other activities associated with construction or renovation.
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In Kansas City's increasingly tight housing market, large investors continue to buy up homes in the area and convert them into rental properties. It forces prospective local homebuyers to compete against out-of-state corporations.