Real Estate and Development

Home buyers singing contracts at fastest pace in nine years

The week of Jan. 24 saw the largest share of pending homes find buyers within 14 days in at least nine years. Around 43 percent of homes that went under contract had an accepted offer within the first two weeks… more

Overland Park office project plans revised, proposal altered for apartment and retail space

Plans for an Overland Park development have been switched around, turning what was once a proposal for office space into plans to develop a mixed-use property. A new proposal from Metcalf 108 Redevelopment Investors LLC shows a major revision of… more

Report values KC housing market at $189B in 2020

A strong housing market in 2020 placed the Kansas City metro’s housing value at $189 billion, according to a report from Zillow. The U.S. housing market gained more value in 2020 than any year since 2005, according to the report.… more

Affordable housing ordinance receives vote of approval from Kansas City Council members

Future incentivized apartment housing projects in Kansas City, Mo. face a new ordinance that will take effect in April. During a Thursday Kansas City Council meeting, members unanimously approved an ordinance that requires a minimum of 20 percent of units… more

KCMO Council to vote on affordable housing ordinance

Members of the Kansas City, Mo. City Council are expected to vote Thursday on an ordinance that would require any housing developer receiving tax incentives from the city to reserve a portion of their units for affordable housing. The proposal comes… more

Plans deflate for 11-phase mixed-use project in Lenexa

Plans have come to a temporary halt for a large, 11-phase proposed development project in Lenexa, Kan. Developers for the Watercrest South project withdrew recent plans that would have added 1,239 housing units as well as commercial space on 187.8… more

Housing market value leaps in 2020, makes 15-year gains

Last year was a record-setting year for the housing market. In 2020, strong demand drove intense competition among buyers, causing homes to fly off the market at record-speed and pushing prices higher, according to a report by Zillow. Housing demand… more

KC sees steep drop in housing inventory in 2020

There was no falter in the housing market in terms of buyer demand as 2020 came to a close. The largest notable decline was in housing inventory, which dropped by 51.3 percent in 2020 from 2019, according to a report… more

Regional renters receive $30M in federal rent assistance

A wave of financial relief have been delivered to Kansas City area renters thanks to a relief package passed by Congress last month. Passed legislation has approved the distribution of $25 billion in rental assistance to renters across the U.S.… more

A Whole New World

Ingram's 2021 Historical Perspectives Series: Commercial Real Estate Everything you thought you knew about the history of commercial real estate in Kansas City? Put it on a shelf: That history is being rewritten right now. Various megatrends for years had… more