KC Condo Tracker

Downsizing isn't just for retirees and empty nesters any more. I'm a pure example. I just downsized from a 4000 square foot home to a 500 square foot loft in downtown Kansas City. So it can be done and it can be financially liberating when you consider 30% of your gross income typically goes toward your mortgage payment each month.

Are you using your entire home or are rooms setting unused and collecting dust? Want some ideas how to start the downsizing process.Email me for articles and ideas.

The Kansas City Star has given downtown a passing grade on it's work from 2005 to 2007. The report shows the condo resale prices being up 45% during this time period and many other positive gains. Read full report here.

What it doesn't show is the current market/environment. First quarter 2010 shows signs of a economic turnaround with 50 condominium sale occurring. However with 687 condos still on the market, it would take 3 years to clear out the current condo inventory, which leaves sellers in a pinch. Difficulty securing lending is high on the list of reasons for the backlog.