Kansas City Housing Hot Mess: Legal Threats Ahead Of 2023 Crash

This year politicos continued to play real estate developer & protest leader with their sketchy policy.

Here's a VERY KIND recap that doesn't offer any insight into economic turmoil that awaits home owners in the coming year. 

Check-it . . .

"In 2022, hundreds of refugees made their way to Kansas City with hopes of finding help. This year also saw tenants in housing court receive much-needed assistance with their legal representation. We'll take a look at the biggest housing stories of 2022."

Read more via www.TonysKansasCity.com link . . .

What we learned from housing stories in 2022

The lack of affordable housing is a problem across the country. In 2022, Kansas City employed many tactics to address the situation locally.

Related reading . . .

Is housing market following same pattern as 2008 crash?

Home price gains declined for the fourth straight month in October, underscoring housing affordability issues in the U.S. as the country contends with soaring inflation and elevated mortgage rates. The S&P CoreLogic Case-Shiller National Home Price Index on Tuesday reported a 9.2 percent year-over-year increase in home prices for October.

A 20% home price crash? These 7 forecast models can see it-where the other 13 leading models have the 2023 housing market going

Back in the early 2000s, short-sighted lenders gave out loans (or better put, subprime mortgages) to homebuyers who historically wouldn't have qualified. As buyers tapped into that credit, both home prices and homebuilding levels soared. That party finally stopped once Fed tightening pushed the U.S. housing market into correction mode in 2006.

Developing . . .