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Real Estate and Development

Legends Outlets to potentially see multifamily development

People could live at the Legends Outlets if officials approve a new eight-story multifamily development there.  The building would be built on top of a new parking garage along Parallel Parkway, according to The Kansas City Star. The project won initial approval… more

Former Sprint campus takes new name, Aspiria

Wichita-based commercial real estate developer Occidental Management Inc. will rename the 200-acre campus Aspiria, effective Jan. 1. "(Aspiria) is a place where businesses aspire to be, and people are inspired to grow," Occidental CEO Gary Oborny said. Occidental acquired the… more

Homeowners in mortgage bailout programs rise

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Housing demand expected to continue, remain high

Record-setting high demand for housing isn’t expected to let up any time soon. A leftover effect from the Great Recession, many Millennials that lost out at the chance to become homeowners are anticipated to join Gen Z’s in the search… more

New homes sales fall in October, raise year-over-year

October new home sales totaled 999,000 (SAAR), down 0.3% from upwardly revised September numbers but up 41.5% from October 2019, according to the U.S. Census Bureau. The median sales price of new houses sold in October 2020 was $330,600, up… more

Case-Shiller Index flies high in September, rises 7 percent

September's Case-Shiller national Home Price Index results highlighted growth, the index rising 7 percent year-over-year for the month. Although the smaller 10- and 20-city composite indices grew more slowly, year-over-year growth bumped up above 6 percent in each (6.2 percent… more

KC among Top 10 where buyers can afford the most home

For many homeowners, being able to afford more home becomes a challenge when also battling debt. Across the U.S., the fight for more space and how affordable it comes varies depending on where you live. Data compiled in June 2020… more

KC housing supply dip puts squeeze on homebuyers

A decline in active housing supply across the U.S. has rested heavily in the Kansas City region, where listings are making a drop. In October, Kansas City’s active housing supply was down 49 percent from last year, according to a… more

Home sales shoot above list price, demand remains hot

The housing market remains highly competitive for buyers nationwide, the level of demand evident in the September, data from Zillow showing that more than one in five U.S. homes sold that month went for above their list price. In the… more

Northland distribution center locks in new tenant

Still under development, the Liberty Logistics Center located in the Northland in Liberty, Mo. at U.S. Highway 69 and Liberty Parkway will soon welcome a new tenant. Tennessee-based Kenco Logistics Services LLC has decided to open operations in the industrial… more