New normal: Real estate market starts finding its footing in smaller homes

This article was in the Kansas City Business Journal last week:

Midwestern roots and a housing market that didn’t go insane will help the Kansas City area’s residential real estate market find its footing faster than the rest of America, area experts said — even if that foot plants itself in a new normal.

“What always sustains the residential real estate business is: Life goes on,” said Jerry Reece, CEO of Reece & Nichols Realtors Inc. “We’re selling 45 homes a day right now, so it’s not like it’s not happening out there.”

Reece said the company’s sales volume in February was up 24 percent compared with February last year.

But he and others in the industry said they don’t expect the market to return to previous conditions.

50 days and Counting...

The countdown is on! The clock continues to wind down the final days of the tax credits. 50 days is how long a buyer needs to be under contract by. Can you believe that April 30 is only 50 days away?

New inventory is coming on the market daily and the activity is plentiful! Interest rates are still low. Sellers want to sell and buyers want to buy - what a win-win!

Next week is Liberty school district's Spring Break. We anticipate a lot of activity! Get your runnin' shoes on!

Best Affordable Suburbs 2010 - Business Week

Did you happen to see this? Exciting, wonderful news! Congratulations to Kearney, MO for being feature as the most affordable suburb in Missouri according to Business Week.


http://images.businessweek.com/ss/10/03/0302_affordable_suburbs/26.htm