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MARKET • September 15, 2022

Market Snapshot | September 2022

by Better Homes and Gardens Kansas City Homes
Market Snapshot September 2022

Market Snapshot September 2022

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MARKET Market Snapshot | October 2023 Monthly Recap – Kansas City Association of Realtors U.S. sales of existing homes recently fell to a 13-year low, dropping 2.0% month-over-month and 15.4% year-over-year as of last measure, according to the National Association of REALTORS® (NAR), as surging interest rates and elevated sales prices continue to make homeownership unaffordable for many prospective buyers. Purchase […]
MARKET Market Snapshot | September 2023 Monthly Recap – Kansas City Association of Realtors National sales of existing homes recently fell to a 7-month low, as surging borrowing costs, rising sales prices, and limited inventory continue to keep many would-be buyers out of the market. Borrowers have become increasingly sensitive to fluctuations in mortgage rates, which have remained above 7% since […]
MARKET Market Snapshot | August 2023 Monthly Recap – Kansas City Association of Realtors Higher mortgage rates, along with elevated sales prices and a lack of housing inventory, have continued to impact market activity during the summer homebuying season. The average 30-year fixed-rate mortgage has remained above 6.5% since May, recently hitting a two-decade high in August, according to Freddie Mac. […]

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