Kansas City Market Update

Share of Flipped Homes Increases 18 Percent

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Home flipping is hot again, according to recent news from RealtyTrac®’s Q3 2015 U.S. Home Flipping Report, which shows that 43,197 single family homes and condos were flipped— sold as part of an arms-length sale for the second time within a 12-month period—in the third quarter of 2015, 5.0 percent of all single family home and condo sales during the quarter. The 5.0 percent share in the third quarter was down 7 percent from a …

Sales of New Single-Family Homes Increase

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Sales of new single-family houses in August 2015 were at a seasonally adjusted annual rate of 552,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This is 5.7 percent (±16.2 percent) above the revised July rate of 522,000 and is 21.6 percent (±18.7 percent) above the August 2014 estimate of 454,000. The median sales price of new houses sold in August 2015 was …