commercial foreclosures

commercial foreclosures

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Homes for 1/2 Price

Wichita Kansas Housing Market
Author: Lance Winslow

With All the lay offs a few years ago in Wichita KS one would have said that there is no way the town can ever rebound. Some said it was over built and with the huge number of foreclosures that it was down and out. Yet now with aviation sector on a rebound we are seeing something much different come into play. Wichita has potential in other aspects since the housing costs are in the bottom 15% of the US, judging by the ACCRA

http://webs.wichita.edu/cedbr/priceindexes.pdf

cost of living studies. The National Association of Realtors estimated that Wichita was similar to such places as San Antonia, El Paso, Tulsa, Des Moines, OKC, Spokane and Little Rock, which are all also good markets for service businesses and car washing and previously manufacturing might have the best chances. Also other MSA statistical analysis showed comparisons to Amarillo, Corpus Cristi and Ft. Wayne Indiana. About 17% of all of KS population is located in and around Wichita, it is a big city and a big deal to KS, it represents 21% of all tax revenues due to the higher paying jobs, which is similar to Overland Park and Olathe KS. Wages even lower in Salina and Hutchinson.

Wichita and its suburbs will continue to grow as aerospace jobs keep getting added to the region, we are bullish on Wichita indeed.

Lance Winslow

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