The personal finance website WalletHub has released its 2019’s Best Real-Estate Markets and a Kansas community did very well.
“We looked at over 300 cities of varying sizes across the United States,” said analyst Jill Gonzalez. “A lot of Kansas cities did pretty well. Overland Park, Kansas did the best. It came in at number 3 overall.”
The real estate market is about more than just price.
That looks at everything from home price appreciation, to the share of homes selling for a gain, to sales turnover rates,” said Gonzalez. “We also look at overall affordability and the economic environment, two huge reasons why people move to where they do.”
Where the economy is good, the real estate market is also good, at least in the Midwest.
“That’s where these things go hand-in-hand,” said Gonzalez. “That’s why we looked at job growth and employment, underemployment. That’s where you find your population growth come from. That’s then, where you either find that supply or demand for these housing units goes up or down.”
The market as a whole has been in a boom in recent months, despite the fact that the new tax code has drastically reduced mortgage interest deductions.