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 |  |  | Could Wichita Be the #1 Housing Market in U.S?
• Wichita was named the #1 place in the country to live the good life cheaply, Forbes
• Wichita was ranked #1 “The strongest real estate market in the United States” forecasted for 12-1-07 to 12-01-08. The ranking was done 1-14-08 by VeroFORECAST. Vero real estate solutions is a leader in risk management and valuation services based in Santa Ana, CA
• Wichita ranks in the top 32 cities nationally for quality of life. Forbes
• Wichita was ranked 2nd by Forbes, 2008 in their list of the "Best Cities for Jobs"
• Wichita was ranked the 2nd “Best city under 1,000,000 residents to relocate your family to.” ERC, 2007
• Wichita ranks #2 in their list of “10 most affordable places to live in the nation.” American City Business Journals
• Wichita was ranked last year the 2nd best real estate market in the Midwest. Money Magazine 2007
• Wichita's real estate prices are 12% below what they should be. National City
• Wichita is ranked #1 in manufacturing among cities below 1,000,000 populations.
• December, 2007 unemployment rate was a low 3.6% compared to a national rise to 5%. State of Kansas
• Wichita home appreciation was 5.7% November, 2006 to November, 2007. NAR
• Wichita is a key global competitor with nearly 50% of its products being shipped overseas. Kansas State, 2008
• Home Sales are strong and home prices will continue to rise in 2008. WSU Center for Real Estate
• Mortgage Markets and Foreclosures -- Recent turmoil in the credit markets may result in fewer financing options for home buyers with poor credit and little cash for a down payment. Buyers with good credit, however, should be relatively unaffected, and 30-year mortgage rates are still very low. |
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