KC Housing Recovery Leaves Condo Market Behind

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

While the metro Kansas City apartment market is hot, and prices, sales and construction of single-family homes have warmed to pre-recession levels, condominiums are still out in the cold when it comes to the recovery. And the condo market may get even chillier.

No new projects are in the works, and realtors and owners are struggling to sell existing condos. The main reason is that lenders are still skittish about how badly condos tanked nationally during the housing crash. As opposed to a purchasing a regular house today, condo buyers face much higher down payments in most cases.

Read more from the Kansas City Star

Tags:, , ,

Leave a Reply