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The real estate industry is in flux and will be for quite some time. The latest are bailouts to various banking institutions. We are jumping back to the 80s. Some may not remember the savings and loan bailouts. It was a mess. The recession of the early 90s exploded shortly thereafter.
Property values are on the rope in the US, UK and many other countries - and as house values slip there is little homeowners can do as their investment keeps sliding - but wait and hope that their economies recover, and boost buyers confidence enough to get the property markets going again.
The real estate climate in Kansas City has been quite favorable lately; so much so, that you would do well to explore your options for investments in the city. Over the past several months, real estate investors from all over the country have been buying up properties in Kansas, particularly in the Blue Springs, Overland Park, Lenexa, Olathe and Leawood districts.
Real estate tycoon Donald Trump set a new record last Tuesday, as he agreed to sell his sprawling Florida mansion to Dmitry Rybolovlev, a Russian billionaire who owns Uralkali, a mining company whose net worth is said to be over $12 billion.