One week from today we will be celebrating a day saved for giving thanks. For some this time of year is difficult. Grief, loss, illness, financial struggles all contribute. Maybe you miss Thanksgivings of the past when loved ones that are now gone were present. Personally, I find myself missing my mother the most this time of year. My favorite memory of her at Thanksgiving was how she made her gravy in the big iron skillet that was handed down to me. She has been gone almost 11 years and her loss will forever be felt. Grief is sneaky and it can steal seconds, minutes, days or years from you if you let it.
This year has brought many struggles to our family that we have not endured before. It has also brought many gifts, which reminds me of what my momma always used to say to me, “Remember, your cup is half full, not half empty”. She is still with me and I can still hear her wisdom ringing in my ears. When I find grief sneaking in this year I will also remember, my favorite message from Adam Hamilton. “The worst thing is not the last thing.”
I hope Thanksgiving brings you reasons to be grateful. Please know so many are so grateful for you. Wishing you a harvest of blessings, good health, and good times.
As usual, I have provided local housing marketing stats below. This is a difficult market to maneuver and I would love to be supportive to you if you need housing advice.
Blessings,
Carrie Beth Shouse
In remembrance of Mike “Milo” Fultz, Maria Fultz, Rex Murray, Randy Murray, Colleen Schroeger, Ruth Dreup and as always…Barbara Jean, my momma.
Here is a link to a helpful article I found offering ways to cope with grief during the holidays:
https://www.arkansashospice.org/holidaygrief
Carrie Beth Shouse | KC Home Hub Team | RE/MAX Premier Realty | 913-707-2274 | carriebeth@kchomehub.com
Kansas City 2022 Housing Market Forecast
The Kansas City real estate market has been thriving the past several years. Are you curious if it will continue and at what pace? Here are some predictions for the housing market in this year’s Annual Wichita State “Out of This World” report. This report analyzes employment, inflation, mortgage rates and more to make predictions for the Kansas housing market in the coming year. The report, created by Dr. Stanley D. Longhofer, breaks down 2022 market forecasts for major metropolitan areas across the state of Kansas, including Kansas City.
“The story of the market is the historically low inventories,” Longhofer said. “At the end of September, there was just a 1.2 months’ supply of homes available for sale across the Kansas City area. As a result, home prices are rising at a remarkable pace. Increased new home construction activity should eventually help ease the supply pressures, but it may take several years before we return to a balanced market.”
His Forecast predicts sales in Kansas City will increase 5.9% in 2022 to 46,990 units. In the new constriction market, the report expects new single-family permitting activity to rise another 16.9% next year to 9,905 units, the highest level since 2005.
Longhofer also observes that Kansas City home values have been rising at their fastest pace since at least the late 1970s. The report expects strong appreciation to continue, rising 12.2% this year followed by another 9.2% increase in 2022.
“Zillow’s forecast calls for 11% home value growth in 2022. That’s down from a projected 19.5% in 2021, a record year-end pace of home value appreciation, but would rank among the strongest years Zillow has tracked. Existing home sales are predicted to total 6.35 million, compared to an estimated 6.12 million this year. That would be the highest number of home sales in any year since 2006.” Zillow (https://www.zillow.com/research/zillow-2022-housing-predictions-30394/)
- Mortgage rates may rise, but inventory may rise as well
“The market is likely to cool compared to 2021, but it will still be active… It may still be a seller’s market in many areas, but there’s likely to be more opportunities and wiggle room for homebuyers. A ‘priced out’ buyer should be able to find many more options. Experts also reinforce that 2022’s housing market is not at all likely to crash — the conditions we’re seeing are nothing like those that led up to the crisis of 2008.” Andrina Valdes (https://finance.yahoo.com/news/where-home-prices-headed-2022-200001201.html)
Nationwide, rent growth went from minimal to double-digit pace in 2021 as the U.S. made substantial progress against the pandemic. With the rental vacancy rate continuing near its historic lows during the pandemic, in which just 5.7% to 6.8% of rental housing units are vacant at any point in time compared to 7% or more, historically, renters are also contending with limited supply and excess demand that leads to upward pressure on rents. In 2022, we expect this trend will continue and fuel rent growth. At a national level, we forecast rent growth of 7.1% in the next 12 months, somewhat ahead of home price growth as rents continue to rebound from slower growth earlier in the pandemic.” Realtor.com (https://www.realtor.com/research/2022-national-housing-forecast/)
Curious what your home would sell for in the current Kansas City market? Call or text my personal cell phone @ 913-707-2274 to set up a real estate needs assessment. We can meet in person, via zoom, or just chat on the phone. You can also contact us online here for advice – https://www.kchomehub.com/whats-my-home-worth. There is never an obligation or fee for consultations. I am here to serve!
20 Easy Ways to Increase the Value of Your House
Are you looking to sell your house as quickly as possible and for top dollar? If so, then you should focus on increasing the value of your home in order to make it easier to find a buyer and get a higher price. Here are 20 things you can do to increase the value of your house.
- Recaulk windows, sinks, bathtubs, and backsplashes – These areas are notorious for being home to mold and grime. If you have a hard time cleaning them yourself, then it is likely that potential buyers will feel the same way. Caulking can go a long way towards increasing value because it makes those areas seem clean, fresh, and new.
- Replace faucets – Replacing faucets is a small investment that goes a long way. Faucets tend to build up water stains and are difficult to clean. Replacing them gives buyers the feeling of a new home.
- Replace window screens and screen doors – Over time, window screens can fade, warp, or tear, making the house look aged or dingy. Adding brand new screens is inexpensive and can add the impression that the house has been well maintained and cared for.
- Paint the interior – A fresh coat of paint can do wonders for the interior of your house. It can make it look cleaner and brighter, which are both things that buyers are looking for. Choose neutral colors, such as eggshell or beige.
- Replace lightswitch covers and electrical socket plates – Replacing worn light switch covers and electrical socket plates is another inexpensive way to update the look of your house. Lightswitch covers are just one place where dirty fingerprints can accumulate, so it makes sense that buyers will want a fresh start when they move into their new home.
- Clean or replace carpets – Carpets are another home element where dirt and stains can accumulate, so it is important to have them professionally cleaned if needed. Replacing old carpet will make the entire house seem brand new.
- Change door knobs and deadbolt locks – Another way to invoke the feeling that the house has shiny and new elements is by replacing the doorknobs throughout the house and any deadbolt locks.
- Update light fixtures – Replacing old light fixtures with new ones is an easy way to update the entire house and give it a more modern look and feel. Choose fixtures that are simple and sleek.
- Replace cabinet hardware – Replacing old cabinet hardware with new hardware is a cheap way to update the look of your cabinets. Choose hardware that is modern and simple.
- Power wash the exterior – Power washing the exterior of your house is a great way to make it look cleaner and newer. It can also remove any dirt or stains that have built up over time.
- Power wash the driveway and garage floor – Cleaning the exterior of your house naturally makes it look better, but power washing items like the driveway and garage floor can make them seem brand new.
- Replace exterior lighting – If you have old, outdated exterior lighting, then replace it with new bulbs and light covers. Make sure the areas around porch lights are free of cobwebs and insects.
- Trim trees and shrubs and mow the lawn – Trees and shrubs that are overgrown or unkempt can make your house look run-down. Trimming them back and keeping them well-groomed makes the house appear more cared for. The same goes for the lawn. A well-manicured lawn gives the impression of a well-maintained home.
- Add a fresh coat of stain or paint to wooden decks and porches – If you have a wooden deck or porch, adding a fresh coat of stain or paint will help protect it from the elements and keep it looking new.
- Clean gutters – Gutters that are clogged with debris and leaves can make your house look uncared for. Cleaning your gutters is an easy way to improve the exterior appearance of your home.
- Add new landscaping – Adding new landscaping, such as flowers, plants, and shrubs, can really enhance the look of your house. Choose plants that are in season and add pops of color to the yard.
- Stage your house for sale – The way your house looks when you put it on the market is extremely important. Staging it in a way that makes it look its best will help ensure that you get top dollar. Remove any clutter or unwanted items. Pack away anything you won’t need between now and when you move. Store any big items like china cabinets, unused desks, hutches, dressers, or anything bulky that will make rooms look smaller and stuffy. Pack up all of your personal items like collectibles, portraits of family or friends, books and magazines, religious decor, or any other item that represents your personality. You want a clean slate for buyers to imagine their own things on the walls and in the rooms.
- Consider a pre-sale home inspection and appraisal – If you’re really serious about getting top dollar for your house, then consider having it inspected by a pre-sale home inspector. This is an inspector who specializes in finding any potential problems with the property so that you can address them before putting it on the market. This will give buyers peace of mind and show them that you’re taking every step possible to ensure that the house is in great condition. It may also encourage them to make a higher offer. An appraiser will assess the home for its current market value, including how well it has aged. Appraisers tend to measure in increments of $500, so taking advice from a listing appraisal to make additional improvements could raise the bank’s appraisal by at least that much.
- Add smart devices – Adding smart devices like an outdoor camera, security system, or video doorbell can make your house seem more secure. This is a relatively inexpensive way to increase the value of your home without spending too much money. Smart thermostats are also popular upgrades that won’t break the bank.
- Talk with your real estate agent – Your agent can give you advice on which improvements will yield the most return for your investment. Real estate agents are experts with insights into current market trends and home values. Ask a professional agent to tour your home with you, inside and out, to discover more ways that you can increase your home’s value.
There are plenty of inexpensive ways that you can make small upgrades and updates to help your house appraise for more and influence a buyer’s perceived value. You don’t have to spend thousands of dollars or do a complete renovation. Ask your agent for more information about how to increase the sale price of your home.
LAND FOR SALE IN 66021 ZIP CODE
HOMES FOR SALE IN 66206 ZIP CODE
HOMES FOR SALE IN 66021 ZIP CODE
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