Kansas City, MO Real Estate News

By The Brad Papa Team, Olathe Real Estate Agents
(Realty Executives of Kansas City)
An article in the Kansas City Star stated that Kansas City ranked number 40 in foreclosures in a study of the 100 largest metropolitan areas. Foreclosures were up in our metropolitan area almost 84% from 2006 and estimated that almost 1.2% of all area households were in foreclosure. While that number is up from previous years, 1.18% is a far cry from the nation's leaders: Detroit at 4.9% and Stockton, California at 4.8% of homes in foreclosure. Remember to, that although this number was a large increase over 2007, only 1.18% homes are in foreclosure, which means that 98.82% of Kansas City homes are NOT! Click here for full story  
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By Scott Finley
(Re/Max of KC)
According to Gene Hanson of the Sun Tribune, all the planning that went on in 2007 will come to fruition in 2008. 3 new commercial venues will open their doors during 2008, one at Vivion and N. Oak, two new office buildings in Briarcliff, and the brand new Hunt-Midwest mixed-use development on the northwest corner of MO-152 and I-29. The outlook for future development going forward is a bit bleaker as Hanson states there is "tight money" in the banking sector after the sub-prime lending fallout. Therefore, American Corporations are looking abroad for money, which will naturally lead to the develpment arena growing in fits and starts in the coming year. From Bear Stearns Co. to Chrysler Corp. American companies are seeking foreign backing to infuse into their budgets in order to help the...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
The 2007 foreclosure rates were announced yesterday by the tracking firm Realtytrac. While some areas of the country have been hit really hard, Kansas City is just slightly above the National average. There was some cause for concern though as the rate of foreclosure did rise almost 85%. from 2006. There were several areas of the country that were hit extemely hard including Detroit, parts of California and Las Vegas. National Average        1.03%Detroit                           4.92%Stockton, CA               4.87%Las Vegas                    4.23%Kansas City                 1.18% So just a little bit above 1 out of every 100 households. The thing to remember is that not all of these homes get foreclosed, many homeowners are able to bring their mortgage up to date, refinance or sell t...
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By Scott Finley
(Re/Max of KC)
Mailing a letter with the United States Post Office will soon cost a penny more. The cost of a first-class stamp will rise to 42 cents starting May 12, according to the United States Postal Service.The price of the Forever stamp will go up at the same time, meaning those stamps can still be purchased for 41 cents but will remain good for first-class postage after the rate increase takes effect.  As per the US Postal Serivce.Scott Finleywww.scottsellskc.com
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By The Brad Papa Team, Olathe Real Estate Agents
(Realty Executives of Kansas City)
New Page 1 Valentine's Day In Kansas City Valentine's Day is one of those holiday's that is enjoyed by those with significant others and virtually ignored by all the single men and women around town! Although I am happily married now, I spent many, many Valentine's Days as a single guy and I was always looking for something... anything to do on that evening! Luckily, many area Kansas City hangouts are throwing Anti-Valentine's Parties! So while the couples will be waiting hours in line at local restaurants, singles have plenty of opportunities to dance the night away! McFadden's Owner of a Lonely Heart 80's Ball Howl At The Moon Anti Valentine's Party : Free admission with a mutilated picture of your ex America's Pub: Bitter Ball (2/13) and Cupid's Ball 2 (2/14) Blonde's Anti-Valentine...
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By The Brad Papa Team, Olathe Real Estate Agents
(Realty Executives of Kansas City)
Although the restaurant/bar One 80 has been open in Westport for a while, I only recently discovered what a gem it is! We arrived about 7:00 on a Saturday night and there was immediate seating. It was busy, but not overly crowded. The atmosphere is great, a dimly lit restaurant with soft red lighting and large booths. We ordered two martini's off their extensive drink menu and both were great! We got a great surprise when the waitress brought us small glasses with extra drinks in them. She said the bartender accidentally made to much and wanted us to have them! Now that's service!For dinner we ordered the Parmesan-Encrusted Chicken and the spicy Baked Penne Rossa. Both of our dinners were excellent and the portion sizes were perfect, ample size without being too large. The presentation ...
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By DAN REEDY, Over 2000 Deals Closed Since 2005!
(MoreKc1)
For more information:                                                                                              Dan or Nancy Reedy                                                                                                (816) 767-1188  Focus on people, not profitshas Missouri Real Estate Exchange thriving GRANDVIEW -  Most real estate businesses focus strictly on the bottom line. Missouri Real Estate Exchange, however, believes in solving problems for buyers and sellers.            "We treat people right and talk to them on their level," co-owner Dan Reedy said. "We have a lot of empathy for the situation they are in and try to help. There is no pressure - if we are not the best option, we will put them in touch with someone who is."            That personal touch is why busine...
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By DAN REEDY, Over 2000 Deals Closed Since 2005!
(MoreKc1)
Per a response to my previous blog about the Kansas City Investing Market, here is a list of major employers in the Kansas City area.A great source of information regarding Kansas City is on wikipedia.com. Click here for a direct link.The economy of Kansas City Metropolitan Area is anchored by Kansas City, Missouri, which is the largest city in Missouri and 40th largest city in the United States. The Kansas City Metropolitan Area is the 27th largest in the United States based on the United States Census Bureau's 2004 population estimates. The Kansas City area is a large, influential, and important economy in its region. Historically, Kansas City, Missouri has been the third largest beef capital in the United States (behind Chicago and Cincinnati) and home to the second largest rail netw...
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By DAN REEDY, Over 2000 Deals Closed Since 2005!
(MoreKc1)
21st Century Gold Rush: Investors Find Treasure in Kansas City Real Estate Market    KANSAS CITY -- A new economic boom happening across the nation, but unlike the Gold Rush of 1849, when people flocked to California to find riches in gold, investors from California and other high-cost states are flocking to Kansas City find "gold" in residential investment properties. Kansas City is one of the best-kept secrets in the nation. It was voted in 2007 as the third-best city for relocating families, and it boasts a vast array of entertainment, professional sports, Fortune 500 companies and shopping districts. Only Rome has more fountains than Kansas City, which also is the barbecue capital of the free world. What is making out-of-state investors so excited about Kansas City? According to Dan...
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By John Currey, Residential Market Specialist
(Coldwell Banker Distinctive Properties of Kansas City)
Just about everybody seems to say similar things about the weather no matter where they live, but in KC it could not be truer: If you don't like the weather, stick around for about 10 minutes, and it is sure to change! That has been especially true this past week or so. I will save the technical explanations to the experts, but what I can say is that the Kansas City area just about has to sit right smack-dab along a line where a variety of weather systems seem to find a way to meet. And this gives forecasters here FITS! Take last Thursday, for example: We had winter storm warnings going full-blast, and 1" to 4" of snow was supposed to be all but certain, yet come about noon that day and we were looking at slightly windy with beautiful blue skies above, and had received only the lightest...
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By The Nichols and Ersery Home Team, Kansas City Area Realtors
(RE/MAX Heartland, REALTORS)
Behind on your mortgage payment? Owe more than your home is worth?Is the possibility of foreclosure becoming a reality for you?Have you thought about selling your home but just cannot make it happen when you add the REALTOR fees and closing cost into the picture?If you answered yes to any or all of these questions, you may want to consider a SHORT SALE.This type of situation is common in the Kansas City real estate market... but there is a solution that can prevent you from having a foreclosure on your credit history.If the Mortgage Balance you owe, combined with the selling fee's, exceeds the price you can reasonably expect to receive, a short sale may be able to help you.Although a short sale may affect your credit, it is SUBSTANTIALLY better than a foreclosure. DON'T DELAY!The sooner...
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By Robert Mayo, CAI, AARE, AMM, GPPA
(Mayo Auction & Realty - Your Kansas City Auctioneer)
AMAZING GUN, COIN & COLLECTIBLE AUCTION Saturday January 19- 10:00amPreview: Morning of the auction at 8:00am Join us at our climate controlled auction center located at: 8253 Wornall Rd. Kansas City, MO 64114. Guns, Pistols, Rifles, Shotguns, Military, Hunting, Gun Accessories, Roseville, Fenton, Lladro, Goebel, Hummel, Murano, Carnival, Blenko Glass, Heisey, Lenox, Imperial, Fire King, Westmoreland, Hall, Warwick, Haeger, China Sets, Syracuse Red Wing, Royal Daulton, Wedgwood, Occupied Japan, Vintage Cookie Jars, Collectible Toys, (Old and New) Disney, Toy Trains, Lionel, & Much More... New Ammunition, Compound Bows, Coins (Gold, Silver, Old, Rare and Collectible), Morgans, Proofs, Native American Artifacts, Prehistoric Artifacts, Giant Sloth Bones, 61" Rear Projection TV, Advertisin...
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By Ty Simmons Kansas City Investment Property
(Kansas City Investment Property)
We hope that you enjoy this Kansas City Relocation Information. When Relocating to Kansas City we would love to help you gather the needed information to help you make an educated decision on where you will live!Housing Zip 64113County State Average Sales Price $307,230 $139,650 N/A Households4,768274,4042,340,090Households W/ Children1,45595,683780,492People per Household 222Median Age of Home733730Owner Occupied4,271165,7331,648,454Renter Occupied497108,671691,636Vacant26131,794248,950People Zip 64113County State Population 11,128665,1735,792,159Male %49%48%49%Female %51%52%51%Median Age 403536% Pop Change since 2000-5513Economy Zip 64113County State Income Per Capita 56,78422,75622,307Median Household Income97,54943,23041,691Sales Tax %7%4%4%Weather Zip 64113County State Annual Preci...
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By John Currey, Residential Market Specialist
(Coldwell Banker Distinctive Properties of Kansas City)
There are few places in Kansas City where you find such an eclectic mix of historic homes, contemporary condominiums, and terrific townhouses as Union Hill. Located in the heart of Midtown, Union Hill is a 20-block oasis of vintage and newly redeveloped neighborhoods tucked in amongst a variety of Kansas City's landmark destinations including Union Cemetery, Crown Center, Penn Valley Park, Martini Corner, Hospital Hill, and more. And, you can leave the car at home, for as with those living in the heart of downtown KC, the convenience of THE MAX in Union Hill connects you to most everything there is to do and see in Kansas City from The City Market to The Plaza and beyond. Union Hill, the perfect union of neighborhood living and Kansas City Life!!!
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By Chris Lengquist, Kansas City Real Estate Investing
(Ad Astra Realty)
Kansas City Rental Property Registration ProgramEffective today, January 1, 2008, it is MANDATORY that all owners of rental property within Kansas City, Missouri limits register their income homes.  Registration runs through January 2008 without penalty.  Penalty for non-registration on and after February 1, 2008, will be $50 per unit. To get all of the details you will need to follow this link.  From this link you will be able to download the proper forms to take care of this task.Again, Kansas City now requires rental property to be registered with the city.  Hopefully, this is as far as the law will go.  Based on how they've mismanaged just about every other program under their care and supervision we can only hope they don't go to mandatory yearly inspections with fees. Previously p...
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By John Currey, Residential Market Specialist
(Coldwell Banker Distinctive Properties of Kansas City)
So, is the answer to this potential road-rager's dream just to stay home and miss out on all the great entertainment and activities in the New KC? NO WAY!!! The key to insuring a premium, reserved parking spot for most any downtown event--never more than just a few blocks away from where all the action is, and, that is environmentally and gasoline conservation-friendly to boot--is not with the keys to your car, but with the keys to your new downtown condominium or loft!Whether your new dream home is a converted industrial space with exposed brick walls and 20 foot ceilings, a thoughtfully restored turn-of-the-century architectural treasure, or, an ultra-modern contemporary with clean, artful lines and thoughtful spaces, the downtown Kansas City condominium and loft market currently offe...
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By John Currey, Residential Market Specialist
(Coldwell Banker Distinctive Properties of Kansas City)
The Kansas City Convention & Visitors Association boasts that there is currently over 4.5 Billion dollars worth of redevelopment under way in the New Kansas City downtown, including The Sprint Center, The Power & Light District, and The Kauffman Center for the Performing Arts. But, with all this building and build up of excitement, there seems to be one area of concern many are doubtful is being properly addressed, and that is sufficient parking for this emerging entertainment destination. They may have a point, for as challenging as the downtown traffic and parking for Garth Week and other events at the Sprint Center has been, what if the Lion King had also been performing at the Music Hall while the WNBA played an exhibition game at Municipal Auditorium, with The Kansas City Symphony ...
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By Kim Tucker, Buying and Selling Houses and Cash Flows!
(kcmoHomeBuyer.com --> We Buy Houses Cash.)
After reading our local paper the Kansas City Star this morning, you have to wonder What Exactly is going on with our fair city. There is a great redevelopment plan for the Bannister Mall Area (I435 and Bannister /95th Street) on the east side of KCMO and it would bring in a lot of redevelopment, and people spending money increasing sales tax revenues.  It would make the area more desirable - right now we have vacant buildings like a ghost town. And would probably spur private development.  Our Mayor does not want to support it because it will cost the city too much money - never mind the income it would probably generate.  But he has decided he will back the plan, at least long enought to see if they can get some state funding, but he does not like the idea. Then our wonderful Mayor's ...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
When we were kids we were always aked that question, Have you been naughty of nice this year? For those of us who have been naughty we could expect a big lump of coal. Now has anyone ever really received a big lump of coal? While some Christmas presents are better than other's. I want to tell you about the best Christmas present I can think of.This past Saturday Realty Executives of Kansas City dedicated it's third Habitat for Humanity Home, Joy Byrd and her family received the greatest present I think one could hope for. A new place to call home, a place where her children can call their own. We want to thank everyone who helped build this home for Joy and those who helped fund this dream. We look forward to helping another lucky family in 2008 as we set out on our fourth Habitat home....
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By Chris Lengquist, Kansas City Real Estate Investing
(Ad Astra Realty)
 For those of you that find this blog you should know that it isn't my main blog concerning real estate investing.  That can be found over at http://kcinvestmentproperty.wordpress.com/.  Otherwise known as www.bbqcapital.com.  Either URL will take you there.It's a blog devoted to Kansas City real estate investing, BBQ and real estate in general.  Though there is a heavy, heavy emphasis on real estate investing.So stop by and let me know what you think!
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