The Kansas City Business Journal reported that the Kansas City area house prices should fare better than other cities'.
In other words the home prices in Kansas City will avoid the price declines expected in the next two years in other markets.
PMI Mortgage Insurance Co released their Winter 2008 U.S. Market Risk Index and their forecast is that there is a less than 5% chance that prices in Kansas City will fall through 2010.
So if you have been sitting on the fence trying to wait out home prices, wait no more. The odds of prices going down any further are slim.
If you need help with your North Kansas City Real Estate needs, don't hesitate to contact me.
Fran White, North Kansas City Real Estate, 816-682-3897
Fran White, REALTOR®
Reece and Nichols Residential
816-682-3897
www.kansascity-realestate.net
www.franwhite.reeceandnichols.com
Linda: My new mantra is "Things Will Be GREAT in 2008"
Thanks for stopping by!
Fran that is great news for Kansas City. Is that information available for other areas of the country on a website, and if it is do you have the website address?
George: Here is their web address http://www.pmi-us.com/
Then on the left side you can click on the Jan. 15, 2008 release of their Economic and Real Estate Trends or use this link http://www.pmi-us.com/products_services/eret.html
Thanks for stopping by!
Thanks Fran for providing me with this information so quickly. I will checkout the website a little later today.
Great post. Wish I could say it was true for San Diego.
See my post on real estate market forecasts "The number one question in San Diego real estate"
Bob
San Diego real estate blog