It will surprise no one that the last year has shaken the housing market. But, at least in Kansas City, the market may have done exactly the opposite of what you would expect.
From late 2020 through to mid-2021 Kansas City saw housing prices continually rise. This trend was easily explained by an increase in demand and a lack of supply, but shrewd observers would also take note of current mortgage rates which are currently nearing historic lows. This combination of factors saw houses snapped up incredibly quickly after listing, leaving many hopeful Kansas City home buyers left in the dust….