Overland Park KS Homes for sale & Johnson County Real Estate Blog

First time buyer homeownership falls dramatically in Overland Park Kansas

First time buyer johnson county kansasThe year 2014 marked a major turning point in the real estate market for Overland Park and Johnson 
County Kansas. For the first time since the housing market crashed in 2007 we saw consistent home price appreciation in resale homes and a sizable increase in new home construction. However, something was still missing.

Have a question for the Russell Home Team? Click Here

So what was missing? First time homebuyers. First time homebuyers normally make up 33 to 35% of all home purchases. In 2014 we saw that number drop to a historicall low 26%.

This blog is the first in a series exploring why first time buyers are not purchasing homes and what can be done to reverse this trend and help make purchasing that first home possible.

Click Here to find your perfect Overland Park Kansas first home

 

Check back as we explore the following topics:

 

Part 2 : The Top 5 reasons why you can't or won't purchase an Overland Park Home?

Part 3 : 5 Creative ways to get a down payment for your first home

Part 4: No Down Payment Loan Options, do I even want to do this?

FHA Loans, the best and worst option to purchasing a home in Johnson County Kansas

 

First Time buyer pitfalls, don't make these mistakes.

 

 

 Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...

Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com  or www.SearchjocoHomes.com

                        facebook   Twitter Overland Park Realtor  Linked In Russell Home Team  You Tube Russell Home Team  

 

  

 

 

Comment balloon 0 commentsMike Russell • January 09 2015 10:43AM
First time buyer homeownership falls dramatically in Overland Park…
share
The year 2014 marked a major turning point in the real estate market for Overland Park and Johnson County Kansas. For the first time since the housing market crashed in 2007 we saw consistent home price appreciation in resale homes and a sizable… more
Blackthorne Estates Kansas 2014 Real Estate & Home Sales Update
share
Are you looking for a home in the Blue Valley School District? You might want to consider Blackthorne Estates in South Overland Park Kansas. Blackthorne Estates is located just off of Mission Road and 155th Street, it is comprised of mostly 2 story… more
Hampton Place Overland Park Kansas Home Sales Report 2014
share
As 2014 comes to a close it is a good time to reflect on the past year. As a resident of Hampton Place and the # 1 listing agent I like to keep my fellow home owners up to date on recent sales and trends. See All Hampton Place Homes For Sale… more
15810 Ash Lane Overland Park Kansas Home For Sale, Hampton Place
share
Just Listed 15810 Ash Lane Overland Park, KS 66224 Hampton Place Subdivision $295, 000 Fantastic New listing in Hampton Place, updated and ready for you! Visit www. 15810Ash. info to view a virtual tour … more
Hampton Place Overland Park Home Sales Report January-June 2014
share
The homes sales numbers for the first six months of 2014 for Hampton Place may not seem spectacular but you need to take into account that not very many homes are for sale. There were 29 home sales for View All Homes For Sale www… more
3408 W. 154th Street Leawood Kansas 66224, Unbelievable home for sale
share
Just Listed 3408 W. 154th Street Leawood Kansas 66224 The Hills Of IronHorse $850, 000 You will not believe how incredibly gorgeous this home is, you can eith take my word for it or you can see for yourself by… more
15117 W. 131st Street Olathe, KS 66062, awesome Olathe home for sale
share
Just Listed 15117 W. 131st Street Olathe, KS 66062 $198, 000 Yorkshire Subdivision Amazing 4 bedroom split level in highly coveted Yorkshire subdivision, Olathe East school district, For more… more
15870 S. Fox Ridge Olathe Kansas 66062 home for sale
share
Just Listed Woodland Creek Subdivision $249, 000 15870 S. Fox Ridge Olathe, KS 66062 Pulte Derby, largest Floor Plan in the Community. This floor plan is know for large rooms and tons of space for all of your… more
4811 W. 158th Terrace Overland Park, KS 66224 Hampton Place
share
Just Listed Hampton Place Subdivision 4811 W. 158th Terrace Overland Park, KS 66224 $385, 000 Finished Walkout Basement Blue Valley Schools To see more photos and virtual tour visit: www… more
5301 W 157th St. Overland Park, KS 66224 Hampton Place Home For Sale
share
Just Listed Hampton Place 5301 W. 157th Street Overland Park, KS 66224 $265, 000 Blue Valley Schools For more information and to see photo's & Virtual Tour Visit: www. 5301w157th. info … more