Real Estate Listing at 9002 NE 94th Place, Kansas City, MO 64152
February 17, 2010
GREAT, fresh plan ,only four years young! Great room open to kitchen and dining as well as formal dining space. Corner fireplace, tall ceilings and detailed woodwork enrich the floor plan. Expanded garage will hold up to four vehicles…a guy’s dream garage!
The Interactive FloorPlan Tour is below.
Take a WalkThru Video Tour
Please contact me if you are interested in more information or a showing.
New Facts From the National Association of REALTORS
February 17, 2010
National Market Trends
As expected, the National Association of Realtors (NAR) reported a decline in existing home sales at the end of 2009, as first time buyers rushed to beat the tax credit deadline and close their transactions by November 30. Although Existing home sales fell by 16.7 percent in December, sales remained brisk enough to break the 5 million unit mark, bringing total the number of existing homes sales up to 5,156,000 for all of 2009. The 2009 sales figures were almost 5 percent higher than the year before, creating first year-over-year sales gain since 2005.
Chief NAR economist Lawrence Yun remains cautiously optimistic about the national housing market. “It’s significant that home sales remain above year-ago levels, but the market is going through a period of swings driven by the tax credit,” he said. ‘We’ll likely have another surge in the spring as home buyers take advantage of the extended and expanded tax credit. By early summer the overall market should benefit from more balanced inventory, and sales are on track to rise again in 2010. However, the job market remains a concern and could dampen the housing recovery – job creation is key to a continued recovery in the second half of the year.”
Great Opportunity for Home Buyers
Historically low interest rates and the extended federal tax credit have helped millions of buyers take advantage of one of the best buyers markets in history. Market conditions have improved considerably with the help of these stabilizing forces. Expect to see continued market activity through the winter and spring as savvy buyers take advantage of the extended $8,000 tax credit. Freddie Mac reports that 30 year conventional loans available in the high-4 to low-5 percent range.
Increased demand has shrunk inventory while slightly raising homes prices. The national median existing home price rose to $178,300 in December, up 1.5 percent over 2008 prices. The increase was attributed in part to an increase in mid- to upper-priced homes.
The reduction of housing inventory has brought stability to many parts of the country, creating more competition for available homes, and multiple offers in some areas.
Linda Cone Named 2009 Salesperson of the Year
February 2, 2010
I am very pleased and honored to be awarded the 2009 Kansas City Regional Association of Realtors Salesperson of the Year award. My winning is due to great people I work with, like Ana Royal, and great customers like you! So thank you for your past support and future referrals and business.
I found out when I was vacationing in Maui last week with my family. My son Kris took a video of the announcement by my broker, Catherine Clark. Just play the video below to see more (Hawaii was awesome, by the way…especially since it was in the 20’s and snowy in Kansas City!).
FHA Major Lending Changes
February 2, 2010
The FHA (Federal Housing Administration), one of the federally backed mortgage insurers, announced some major changes on Jan. 20. The FHA will raise the minimum down payment for its least credit-worthy borrowers. Going forward, borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a credit score above 580 will be able to continue to put down only 3.5 percent. The changes are intended to shore up the agency’s finances.
The FHA also will increase its upfront mortgage insurance premium from 1.75 percent to 2.25 percent. The agency is expected to seek congressional approval to raise annual mortgage insurance premiums, paid by borrowers over the life of the loan, above the current 0.55 percent maximum. The amount it will seek has yet to be announced.
Click here to see a summary of all changes from the National Association of Realtors.
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