Tyson

KC Airbnb hosts: STR listings jumped 48% for the World Cup while demand rose just 20% (@kcur, data via @airdna). Calendar looking thin? I made a free 1-page checklist: keep hosting, go mid/long-term, or sell. Reply CHECKLIST for a copy. #KansasCity #KCRealEstate

U.S. SF inventory is 0.2% above 2019 (@AltosResearch via @calculatedrisk) — up 6.8% YoY. Realtor.com: +8% YoY. KC still tight (+0.4% YoY). KC still tight or finally loosening? #KCRealEstate #HousingInventorychk

A brand-new home now costs less than a used one: U.S. median new home $400,400 (down 3.9% in a year) vs. $417,500 existing (@uscensusbureau, @nardotrealtor). In KC, new builds sat 116 days vs. 35 for resale. Builders are dealing. New build or older home? #KCRealEstate

Sub-7% mortgage rates are back in sight (@HousingWire). The 30-yr fell to 7.24% (@FreddieMac) and Zillow showed 7.10% on Oct 31. KC prices still rose in all 5 core counties, so ask the seller for a 2-1 buydown. What rate gets you off the fence? #KCRealEstate

Happy Halloween 🎃 The housing market is haunted: 14.5% of US home deals fell through in Sept, a record outside 2020 (@Redfin). KC held up better at 12.7%. Buyers, ask for closing costs or a 2-1 buydown. Scariest part: the rate, the price or the inspection? #KCRealEstate

Home prices just dipped for the first time in 3+ years (@Redfin), and the 30-yr fell to 7.24% (@FreddieMac). KC had one of the biggest drops: -4.3% in Redfin's latest 4 weeks. Buyers, ask for closing costs. Lower price or lower rate? #KCRealEstate

The Fed held at 3.75-4% today (@federalreserve), but the 30-yr ticked up to ~7.35% and markets see 84.6% odds of a December hike. In KC, 40.7% of listings have had a price cut, so ask for closing costs + a rate buydown. Buy now or wait for the Fed? #KCRealEstate

US home prices rose 2.1% in a year, but inflation ran 3.4%, so real values fell for a 15th straight month (@SPDJIndices Case-Shiller). KC, MO is beating it: median sale price up 5.7% to $312K (@Redfin). Up, flat or down: what did your home do this year? #KCRealEstate

Only 12% of 30-year-olds are married AND own a home, down from 52% in 1960 (@realtordotcom, Census data). Homes went from ~2x income to 5x. KC is closer to 4.3x (62K median). How old were you when you bought your first home? #KCRealEstate

Record buyer's market: 63% more US sellers than buyers in Sept per @Redfin, and 1 in 5 listings cut price (@realtordotcom). KC is tighter: 19.4% cuts, 50-day median. If a seller offered to chip in, what would you pick: closing costs, rate buydown or repairs? #KCRealEstate

PMI news, decoded: the Oct 22 order asks @FHFA to pilot auto-canceling mortgage insurance based on today's home value, but only for future loans. Paying PMI in KC now? Prices rose in all 5 core counties in Sept, so ask your lender if you've hit 20% equity. #KCRealEstate #PMI

Mortgage rates just dipped for the first time since August: 7.32% on the 30-yr, down from 7.40% (@FreddieMac). In KC, pending sales fell 15% in Sept while the median price rose 3.4% to $332K (@KCRAR). Buyers, this is your window to negotiate. #KCRealEstate #MortgageRates