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The median sales price in the Kansas City area rose 5.7% over the year to $350,000. This compares to a national increase of 4.2%, to about $443,000, or about 21% higher.
The Army Signal Service established a federal weather office in the region on June 13, 1888. [2] On April 1, 1930, the Wichita Municipal Airport (currently McConnell Air Force Base) weather office opened. Pilot Balloons were sent at 5:30 am and pm each day, and from April 1, 1930, to November 29, 1940, there were two Weather Bureau Offices in ...
A 2005 study [2] of real estate commission rates, reported that realtors tended to charge, "about 5 percent to 7 percent of a property's selling price...". More recently, CBS News, "60 Minutes" television news magazine reported in 2007 that competitive pressure resulting from a record number of licensed agents has driven down the average sales ...
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Get the Bude, MS local weather forecast by the hour and the next 10 days.
US house price trend (1998–2008) as measured by the Case–Shiller index Ratio of Melbourne median house prices to Australian annual wages, 1965 to 2010. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented.
In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. [3] On December 30, 2008, the Case–Shiller home price index reported the largest price drop in its history. [4]
House in Salinas, California under foreclosure, following the bursting of the U.S. real estate bubble. The 30-year mortgage rates increased by more than a half a percentage point to 6.74 percent during May–June 2007, [78] affecting borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified ...