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The Kansas City housing market outlook favors sellers and properties are still going quickly, despite inflation.
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After the Federal Reserve started hiking interest rates, pending sales for new homes in Kansas City dropped by over 30%. But the market hasn’t gotten easier for prospective buyers, with home prices still at record highs.
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Midtown will soon be home to one of two streetcar extensions, adding to demand for development. But the residents who could benefit most from accessible public transit are the same ones most likely to be priced out of the area.
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While the U.S. homeownership rate saw its biggest annual increase on record during the pandemic, the disparity between Black and white homeowners also grew. Some organizations in Kansas City are trying to change that.
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Port Authority of Kansas City commissioners did not move forward with plans to award Lux Living tax incentives on a $55 million deal to develop apartments on the Berkley Riverfront after news stories detailed the developer’s past in St. Louis.
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Supply and demand are driving up home prices and leaving little room for negotiation. Here are some tips on navigating the purchase or sale of a house.
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The ordinance bans renting to four or more people who are unrelated. Some social media critiques and national press coverage have said the move "effectively bans roommates."
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A federal judge certified the case as a class action, meaning thousands of home sellers in the Midwest may be eligible to recover damages if the plaintiffs prevail.
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The contract for deed option is marketed as a way for people who can’t get a conventional mortgage to realize the dream of owning a home. But more often than not, buyers do not end up as homeowners. And, most Midwestern states provide little, if any, consumer protection to prevent abuse.
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Quiet titles and contract for deed statutes are legal loopholes being employed to take the homes of non-English speaking and low-income families.
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The development plan would include multifamily units and commercial retail space along the 1800 block of Vine.
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Demand for housing has skyrocketed during the pandemic, but homebuilders and remodelers haven’t caught up because of labor shortages and long wait times for raw materials, tripling the timeline of some housing projects.