On a new sunny Sunday afternoon, in Leawood, near Kansas City, realtor Ted DeVore long-sufferingly waited inside a stylish ranch home priced at $344,900, enthusiastic to point out the lush backyard, new roof, remodel kitchen and updated bathrooms. Other than most of the visitors to the open house were curious neighbors, not would-be buyers.
Middle-income Americans in Middle America are not yet ready to get back into the marketplace. Homes that do sell in the Kansas City area are often going for between 20 percent to 30 percent beneath the listed price.
"There are so many people quizzical things right now, asking themselves, am I going to have my job in six months?" DeVore said, affable but apparently resigned to a slow spring. "The indicators are very mixed for the whole financial system and the real estate markets very closely follow the on the whole economy."
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