The Kansas City real estate market is very hot and in many ways the envy of housing pundits on both coasts. Despite the COVID pandemic causing huge unemployment and impaired consumer confidence in real estate buying and selling, the Kansas City housing prices are soaring. Based on the FHFA all-transactions home price index, typical home values in the Kansas City MSA in the 2nd quarter of 2020 rose by 4.8 percent compared to the same quarter in 2019.
Home sales in the Kansas City area totaled 4,130 units in August, down 2.9 percent from the same month in 2019. Year-to-date, 27,424 homes have sold, down from 27,712 over the same period in 2019. The sale price of homes in the metro also continues to rise and sellers are still getting more for their houses than they did this time last year. The average price of homes sold in August was $284,480, compared to $253,090 in August 2019. Homes that sold in August were on the market an average of 39 days and sold for 99.4 percent of their original asking prices, according to the data released by the Kansas City Regional Association of Realtors.
The Kansas City real estate market was already competitive before the coronavirus, with Kansas City home prices rising faster than most U.S. cities. A lack of inventory across the metropolitan area is the biggest driver of the rising prices. But in Kansas City, there is only about one month of supply of available homes for sale — which an indicator of Kansas City being a strong seller’s real estate market. Zillow research shows Kansas City, Cincinnati, Columbus, and Raleigh among the nation’s fastest-moving large markets with sellers typically accepting offers after only four days on the market.
In quarter 4 of 2019, Kansas City, MO Metro Area Housing Market was ranked #12 in the US out of 100 MSAs for housing price appreciation (6.9%), according to FHFA House Price Index (HPI). The MSA has ranked 25 out of the top 100 MSAs in cumulative appreciation since the nationwide peak in 2007 Q1. There is probably no hotter market right now than Kansas City, Missouri. A large, prosperous, self-sufficient, and culturally-rich city, it is no wonder why it has seen a continuous rise in its employment, directly impacting the local real estate.
Data by Realtor.com also shows that the median list price of homes in Kansas City, MO was $210.5K in August 2020, trending up 16.9% year-over-year. The median listing price per square foot was $118. High demand and low inventory are driving up both home prices and speed of home sales in the Kansas City Housing Market. High demand and low inventory are leading to the rise in home prices in Kansas City. Currently, the inventory remains low and the prices will continue to rise for the next twelve months.
Kansas City properties have a track record of being one of the best long term real estate investments in the U.S. The real estate appreciation rate in Kansas City in the latest quarter was around 1.70% which equates to an annual appreciation rate of 6.95%. This should trigger a massive interest in the Kansas City real estate investment. Even small changes in the appreciation rate can change the long-term value of buying considerably. For sellers, a nice profit is on the horizon. Let’s learn more about the factors that make Kansas City a good place to invest if you’re considering real estate investment.
Kansas City Housing Market Prices & Trends 2020
We shall now discuss some of the most recent housing trends in the Kansas City area from multiple sources and compare them with the past couple of years. We shall mainly discuss median home prices, inventory, economy, growth, and neighborhoods, which will help you understand the way the local real estate market moves in this region.
Kansas City is the largest city in the U.S. state of Missouri, famous for its distinct barbeque cuisine and jazz heritage. Also nicknamed the City of Fountains, Kansas City is now emerging as a growing market for real estate investments. When we refer to the Kansas City housing market, it comprises of the Kansas City metropolitan area, which is a bi-state metropolitan area anchored by Kansas City, Missouri.
Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). It is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas.
Kansas City, MO is a minimally walkable city in Jackson County with a population of approximately 460,377 people. In the past ten years, the annual real estate appreciation rate has amounted to 2.88% in Kansas City, according to NeighborhoodScout.com. Kansas City has a mixture of owner-occupied and renter-occupied housing units. Three and four-bedroom single-family detached homes the most common housing units in Kansas City. Other types of housing that are prevalent in Kansas City include large apartment complexes, duplexes, rowhouses, and homes converted to apartments.
Home sales were up about 7 percent and prices were up about 6 percent throughout the region in the previous year. Data from the Kansas City Regional Association of Realtors shows the average home price reached $229,306 in November 2019, a 4.6% increase over the average in November 2018. At the same time, the average days on market remained on the market dropped 4.8% to 40 days.
Impact of COVID-19 on The Kansas City Real Estate Market
In April, the number of sellers putting their homes on the market sharply declined amid the COVID-19 pandemic. According to the Kansas City Regional Association of Realtors (KCRAR), the number of new listings in the metro area dropped 30% from this time last year. That downward spiral comes at the same time unemployment rates have jumped and some lenders have tightened qualifications for borrowers.
In May, housing markets were beginning to recover across much of the country with mortgage rates dropping below 3.3 percent for more (nearing all-time lows). Buyers in Kansas City were quicker to return to the housing market while sellers were a bit more reluctant to list their homes.
Closed Sales decreased 24.1 percent for existing homes and 12.9 percent for new homes.
Pending Sales increased 5.6 percent for existing homes and 24.2 percent for new homes.
Inventory decreased 39.9 percent for existing homes and 24.8 percent for new homes.
The Median Sales Price was dead even with last year for both property types.
Days on Market decreased 2.9 percent for existing homes and 20.3 percent for new homes.
Supply decreased 40.9 percent for existing homes and 24.6 percent for new homes.
June’s report showed that there was a pent up demand from buyers and real estate activity continued to strengthen. While buyer activity continued to be robust, seller activity continued to be a bit softer as fewer homes were listed for sale than a year ago.
Closed Sales decreased 5.3 percent for existing homes but increased 17.7 percent for new homes.
Pending Sales increased 15.3 percent for existing homes and 72.2 percent for new homes.
Inventory decreased 48.4 percent for existing homes and 29.9 percent for new homes.
The Median Sales Price was up 4.6 percent to $230,000 for existing homes and 6.8 percent to $389,925 for new homes.
Days on Market increased 3.2 percent for existing homes but decreased 2.5 percent for new homes.
Supply decreased 47.8 percent for existing homes and 32.3 percent for new homes.
July’s housing report for the Kansas City Metro Area showed that despite this significant economic impact, homebuyers remained extremely resilient. The buyer activity remained robust with closed sales increasing 7.0 percent year over year for existing homes and 40.1 percent for
new homes. The Median Sales Price was up 9.3 percent to $234,950 for existing homes but remained flat at $384,900 for new homes.
Pending Sales increased 11.1 percent for existing homes and 72.1 percent for new homes.
Inventory decreased 47.1 percent for existing homes and 34.9 percent for new homes.
Days on Market decreased 9.4 percent for existing homes but increased 3.4 percent for new homes.
Supply decreased 50.0 percent for existing homes and 40.0 percent for new homes.
Latest Kansas City Real Estate Market Report (August 2020)
According to the Kansas City Regional Association of Realtors (KCRAR), the housing activity begins to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any the seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significantly
tailwinds in the near term.
Closed Sales decreased 3.9 percent for existing homes but increased 19.8 percent for new homes.
Pending Sales increased 23.5 percent for existing homes and 56.6 percent for new homes.
Inventory decreased 53.2 percent for existing homes and 39.7 percent for new homes.
Supply decreased 54.2 percent for existing homes and 45.9 percent for new homes.
Days on Market decreased 20.6 percent for existing homes but increased 2.8 percent for new homes.
The Median Sales Price was up 11.1 percent to $235,000 for existing homes and 8.2 percent to $394,960 for new homes.
Kansas City Real Estate Market Forecast 2020 – 2021
Kansas City Real Estate is one of the most affordable in the nation. It is one of the hottest real estate markets for affordable rental real estate investment. What are the Kansas City real estate market predictions for 2020? Let us look at the price trends recorded by Zillow over the past few years. Since 2015, the median home prices in Kansas City have appreciated by roughly 43% from $112,000 to $162,487, according to Zillow’s index.
The Zillow Buyer-Seller Index (BSI) considers Kansas City a sizzling hot seller’s real estate market. This is computed monthly. According to their index, there exists a limited supply of homes in Kansas City, and buyers are forced to compete often resulting in higher prices and/or quicker sales that tend to benefit sellers. In other words, based on the last month’s key housing market indicators, the demand is exceeding the supply, giving sellers an advantage over buyers in price negotiations. There are fewer homes for sale than there are active buyers in the marketplace.
The latest Kansas City real estate market forecast (by Zillow) is that the home prices may remain flat or decrease by a mere 0.8% – in the next twelve months. This prediction of theirs is perhaps due to the short term impact of the ongoing pandemic which has impeded the real estate sales activity in the entire country.
The median list price per square foot in Kansas City is $137, which is lower than the Kansas City Metro average of $147.
The median rent price in Kansas City is $1,025, which is lower than the Kansas City Metro median of $1,195.
Here is the visual representation of historical Kansas City home prices and the latest forecast until August 2021.
Courtesy of Zillow.com
Here is a short and crisp Kansas City housing market forecast for the 3 years ending with the 3rd Quarter of 2021. The accuracy of this forecast for Kansas City is 83% and it is predicting a positive trend. LittleBigHomes.com estimates that the probability of rising home prices in Kansas City is 83% during this period. If this price forecast is correct, the Kansas City home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
Courtesy of Littlebighomes.com
The question now is what happens moving forward. These numbers can be positive or negative depending on which side of the fence you are — Buyer or Seller? While many have lost jobs, making them ineligible for a home mortgage, some sellers took their homes off the market. The decrease in the number of active listings over the past couple of months indicated that new sellers were still not willing to put their homes on the market until the pandemic or its threat is completely over. On the positive side, many Americans have fared better through the coronavirus pandemic than previous recessions.
Active listings of homes in the Kansas City area totaled 4,566 at the end of August, representing a 1.4 months’ supply, down from a 2.8 months’ supply in August 2019. During August, 4,741 contracts for homes were written, 25.1 percent higher than the same month in 2019. In a balanced real estate market, it would take about five to six months for the supply to dwindle to zero.
In terms of months of supply, Kansas City can become a buyer’s real estate market if the supply increases to more than five months of inventory. And that’s not going to happen. Therefore, Kansas City real estate market remains strong and skewed to sellers, due to persistent imbalance in supply and demand.
Based on the FHFA all-transactions home price index, typical home values in the Kansas City MSA in the 2nd quarter of 2020 rose by 4.8 percent compared to the same quarter in 2019. Since the beginning of 2016, average home values in the Kansas City MSA have risen by 32.2 percent, compared to an increase of 25.0 percent for the U.S. as a whole. The FHFA home price index measures the average change in home values within a market over time. The index for the Kansas City MSA covers all of the fifteen-county Kansas City metropolitan area, spanning both Kansas and Missouri.
For buyers in Kansas City Area: The market is red hot & very competitive at the moment so they should be prepared to look at a listing and make a serious offer above list price on the first day it hits the market. Interest rates have made many people consider buying during the pandemic. FreddieMac reported the average 30-year fixed mortgage rate was still below 3% last week. The challenge for buyers will be getting qualified for a loan. If you’ve been laid off, it’s going to be harder to get approved.
There are 221 neighborhoods in Kansas City. South Plaza has a median listing price of $385K (on Realtor.com), making it the most expensive neighborhood. Davidson is the most affordable neighborhood, with a median listing price of $160K.
For sellers in Kansas City Area: As there is only about one-month of supply of listed at a given, this has created a market that greatly favors sellers. It’s a great time to sell a home, particularly those priced closest to the local average. But some sellers are wary of listing their properties due to lingering fear of the pandemic.
In conclusion, we can say that it is a strong seller’s market seen by far and won’t be any major dip in home values for the foreseeable future. The tight Kansas City real estate market here mirrors wider national housing trends. In the next 6-8 months, it may become more balanced if more sellers enter the market, and some buyers exit the market. Some buyers may also change their price points. If it becomes a balanced market, that would be good for everyone. Zillow’s latest weekly housing report shows that optimism is rising in both the housing market and in the economy as buyers, sellers and economists gain confidence.
Credits: FHFA.gov
Kansas City Real Estate Foreclosure Statistics 2020
As per the Kansas City foreclosure data by Zillow, the percent of delinquent mortgages in Kansas City is 1.0%, which is lower than the national value of 1.1%. There are currently 233 properties in Kansas City, MO that are in some stage of foreclosure (default, auction, or bank-owned) while the number of homes listed for sale on RealtyTrac is 1,727. In August, the number of properties that received a foreclosure filing in Kansas City, MO was 5% lower than the previous month and 79% lower than the same time last year.
Currently, the zip code with the highest foreclosure rate is 64146, where 1 in every 783 housing units is foreclosed. 64129 zip code has the lowest foreclosure rate, where 1 in every 4494 housing units becomes delinquent.
Potential Foreclosures in Kansas City
233 (RealtyTrac)
Homes for Sale in Kansas City
1727
Recently Sold
6981
Median List Price
$200,000 (1% rise vs July 2019)
Kansas City Real Estate Investment
Is Kansas City a Good Place For Real Estate Investment? Many real estate investors have asked themselves if buying a property in Kansas City is a good investment? You need to drill deeper into local trends if you want to know what the market holds for the real estate investors and buyers in 2020. If you are looking to make a profit, you don’t want to buy the most expensive property on the Kansas City real estate market and expect to make a good profit on rents. Perhaps you are looking for a slightly different hold-over, an investment property in Kansas City that you might move into or sell at retirement in the future. Either way, knowing your profit potential and purpose is the first thing to consider.
Why Invest In Kansas City Real Estate?
Kansas City has long been a favorite of real estate investors.
Turnkey Properties Starting at Only $90,000.
Cash flows up to $650/mo.
The largest city in the state of Missouri.
The population is expected to grow to 2,200,000 by 2020.
Median prices up 11.3% year-over-year.
Cost of living 15.3% below the U.S. average.
Properties up to 10% below the market.
3-year appreciation forecast of 9.0%.
2019’s Annual home appreciation rate was 6.9% – FHFA House Price Index (HPI).
#12 in the U.S. out of top 100 MSAs – FHFA.
In 2019, Kansas City, MO Metro Area’s house prices outperformed the 1Q and 4Q national trends – FHFA.
Let’s take a look at the number of positive things going on in the Kansas City real estate market which can help investors who are keen to buy an investment property in this city.
Overview of Kansas City & its Real Estate Market
Kansas City is a large, prosperous, self-sufficient, and culturally rich city located astride the Missouri River. In the metropolitan area, the population is estimated at 2.1 million. The median household income in Kansas City is 45,376 and the median home price is $146,300. The BLS reported that the unemployment rate for Kansas City rose 0.1 percentage points in December 2019 to 3.2%. For the same month, the metro unemployment rate was 0.1 percentage points lower than the Missouri rate. while the average home price is $86,000. Median rent is $993, with an estimated $667 monthly net cash flow. It’s no wonder that the Kansas City real estate market is a great place to invest. Kansas City is the largest city in Missouri and is the sixth-largest in the Midwest.
It hosts the Kansas City Chiefs as well as the Kansas City Royals. It’s home to some of the Best Ribs in America. The city has over 200 water fountains, making it only second to Rome, Italy, hence the nickname “City of Fountains.” It is also important to remember that only Paris, France has more Boulevards. In 2017, a WalletHub survey for real estate market growth in the United States listed the “Kansas City Real Estate Market” at number 18 out of 300 of the fastest-growing cities in the US.
Kansas City has started to do some major revitalization downtown. More than $6 million has been spent giving the downtown area a facelift and new makeover, including, apartments, offices, condominiums. These facelifts have also been done both indoor and outdoor malls, restaurants, and places for concerts, plays, and other forms of entertainment. Kansas City real estate is very affordable; the home prices are near the national average. All these serve towards making Kansas City properties attractively appealing to investors and homebuyers who are looking for gains in cash flow.
Employment in Kansas City
Keeping aside the impact of the recent pandemic, Kansas City has seen a continuous rise in employment prospects over the last 2 years, a trend that directly impacts the Kansas City real estate market. From 2017 to 2018, the city registered a remarkable 1.9% in terms of overall employment. This could be further broken down to 3.8% in professional and business services, 3% in terms of government-sponsored employment opportunities, and 1.9% in the trading, transport, and utility sectors. Recent job growth is positive. Kansas City jobs have increased by 1.4%. For the past 20 years, the big growth has been on the Kansas side to the southwest in suburbs like Overland Park, Lenexa, and Shawnee.
The Growth in Kansas City
The national average of growth in cities is 4.45%. In Kansas City, in 2010, it was higher than 4.5%. It’s growing at the national rate and is expected to grow even faster in the next few years. Between the years 2013-2015, the annual growth was 15,000 then raised to 20,000 between 2015-2016. Kansas City is home to some of the biggest companies, such as H&R Block, Sprint, Hallmark, and BNSF, to help to fuel the attraction of the Kansas City real estate market.
Kansas City is a great attraction for tourists, especially art-lovers. Housed by several museums and art destinations, the city is famous for its Jazz Museum as well as the Nelson-Atkins Museum of Art that boasts over 40,000 works of art, vintage antiques, and contemporary works. The influx of tourists into the city has a direct relationship with the growth of the city’s real estate market.
Great Place to Live Due To Rich Culture & Favorable Weather
The city is known for its distinct barbeque cuisine and uniquely crafted breweries, which makes it a preferred destination for foodies. It has more than 100 barbecue restaurants and is known in Missouri as the “world’s barbecue capital. The ancient heritage of Jazz music makes it suitable for immigrants who are passionate about music. The city lies on the shores of Missouri & Kansas River with a landscape full of fountains. The overall ambiance and accommodating culture is sure to attract more and more residents into the city, which will prove to be a boon for investments in Kansas City Real Estate Market.
The weather in Kansas City is beautiful and usually clear and sunny. September, May, and June are the most pleasant months in Kansas City, while January and December are the least comfortable month. You can almost always count on the 4th of July to be a great day to BBQ and shoot off fireworks and watch your neighbors shoot theirs, creating a competition. The neighborhood fireworks shows have always been as big as the city’s, only the last half the night.
During the shows, everyone in the neighborhood waters the top of their houses for a week straight to avoid catching fire. Where else in America can you find that? Even better, the people are friendly and the weather is inviting. There are nearby lakes for boating, fishing, swimming, and camping. The weather is almost always enjoyable. They get most of their rain in the spring of April and the summer month of June.
Cost of Living in Kansas City
Another great factor that is seen as a boon to the Kansas City real estate market is the cost of living. The cost of living in Kansas City is reasonable and affordable. With the cost of rent and the price you might pay for a house already discussed, there’s the cost of day to day expenses to consider. A basic lunch around the business district is around $12 unless you go to a fast-food restaurant and order a combo meal, then you’re looking at $7.
Milk is around $3.50 a gallon, a 2 lt. A bottle of Coca- Cola is $1.82. These prices are about the same as the national average at –1%. Housing is at 8% below. Kansas City is 15% below Oklahoma and 8% below Indiana. In fact, New York City is 129% above compared to Kansas City, while 14% below Miami, Fl and 23% below Chicago.
Summary about the cost of living in Kansas City:
Four-person family monthly costs: $3,105.72 without rent.
A single person monthly costs: $896.33 without rent.
Rent in Kansas City is, on average, 10.56% higher than in Kansas City, KS.
The cost of living ranks 105th out of 465 cities in the world.
Kansas City has a cost of living index of 67.00.
Rich and Stable Neighborhoods
The city is surrounded by neighborhoods like River Market District as well as the 18th & Vine District and the Country Club Plaza on its north, east & south sides respectively. These vicinities, in combination with the city’s vibrant real estate market, comprise of all amenities residents and non-residents alike can take advantage of and put their investments in.
Some of the best neighborhoods in or around Kansas City, Missouri are Waldo, Raytown, The Downtown Loop, Northland, Westwood Hills, Patrician Woods, Chapel, Pendleton Heights, Crossroads, Turner, Westwood, Downtown Kansas City, Ward Parkway, Lake Quivira, Nashua, Shawnee Mission, and Briarcliff-Claymont.
Good Neighborhoods in Kansas City To Invest in Real Estate
The Johnson County of Kansas City: It is high on the list of home buyers as an ideal place to raise a family. It has highly accredited school districts within the county, which include Shawnee Mission, Gardner Edgerton, Spring Hill, Blue Valley, Olathe, and De Soto. Most subdivisions see steady property valuation increases year after year.
The Prairie Village, Kansas City: It is another good neighborhood with low crime rates, mature trees, plenty of quiet neighborhood parks, and accessible community pools.
Leawood, Kansas City: It is a low crime rate area and it’s safer than 79 percent of U.S. cities. The residents have a median household income of $133,702, so they are quite well off. The region is home to the biggest Methodist church in the nation – United Methodist Church of the Resurrection.
Lenexa, Kansas City: This neighborhood has the median listing price of $394,000. Fifty-four percent report some school education, contrasted with the national average of 22 percent for all cities and towns.
Low median sales prices, which in return, drives a solid rent is another reason to look into the Kansas City real estate market. Add to that the weather, the many activities at your disposal, and the famous “Kansas City BBQ.” There isn’t much left to desire when investing in the real estate market. Take a look around, make some calls, and talk to some of the people around Kansas City before you decide.
Good cash flow from Kansas City investment properties means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt. Therefore, finding a good Kansas City real estate investment opportunity would be key to your success. The three most important factors when buying a real estate anywhere are location, location, and location. The location creates desirability. Desirability brings demand. There should be a natural and upcoming high demand for rental properties.
The neighborhoods in Kansas City must be safe to live in and should have a low crime rate. The neighborhoods should be close to basic amenities, public services, schools, and shopping malls. As with any real estate purchase, act wisely. Evaluate the specifics of the Kansas City housing market at the time you intend to purchase. Hiring a local property management company can help in finding tenants for your investment property in Kansas City.
Here are the top ten neighborhoods in Kansas City having the highest real estate appreciation rates since 2000—List by Neigborhoodscout.com.
Southwest Blvd / W 31st St
E 19th St / Main St
E 39th St / Troost Ave
E 18th St / Prospect Ave
Missouri Ave / Forest Ave
Troost Ave / E 55th St
Westport
Genessee St / W 9th St
W 46th Ter / J C Nichols Pky
Truman Medical Center School for Nurse Anesthesia / E 25th St
NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Kansas City.
Consult with one of the investment counselors who can help build you a custom portfolio of Kansas City turnkey properties. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of Kansas City, MO
Not just limited to Kansas City or Missouri but you can also invest in some of the best real estate markets in the United States. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Kansas City turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.
Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.
Is It The Right Time To Invest In Real Estate? – The national homeownership rate is on the decline for the first time since 2017. As demographics change and baby boomers retire, you’re seeing Millennials who may not be ready to buy houses. In 2018, Millennials made up about 22 percent of the population in the United States. They’re choosing to rent over buying a single-family home or an apartment. Rising home prices and shortage of starter homes have not left Millennials many choices but to delay homeownership. Moreover, it’s even harder to take out a mortgage for those who have student loan debt.
Let us know which real estate markets in the United States you consider best for real estate investing!
Remember, caveat emptor still applies when buying a property anywhere. Some of the information contained in this article was pulled from third party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.
REFERENCES:
Latest Market Prices, Trends & Forecasts
http://kcrar.com/statistics
http://kcrar.com/august-2020-market-reports
https://www.zillow.com/kansas-city-mo/home-valueshttps://www.kansascity.com/news/local/article244912977.html
https://www.realtor.com/realestateandhomes-search/Kansas-City_MO/overview
Home Price Appreciation
https://www.littlebighomes.com/real-estate-kansas-city.html
https://www.neighborhoodscout.com/mo/kansas-city/real-estate/
https://www.fhfa.gov/DataTools/Downloads/Documents/HPI/Fact-Sheets/MSAs/2019Q4/FS-KansasCity-2019Q4.pdf
Foreclosures
https://www.realtytrac.com/statsandtrends/ks/wyandotte-county/kansas-city
Reasons to invest
http://www.435mag.com/March-2017/Kansas-City-Real-Estate
https://www.corevestmentfinance.com/hot-markets-for-residential-real-estate-investors-2018
http://kcrar.com/Websites/kcrarar/images/2019%20PDFs/2019%20Market%20Reports/November/HMLS_MMI_2019-11.pdf
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