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Wichita’s housing shortage will likely get worse in 2024, according to a new forecast from the wichita state center for real estate.
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Wichita faces a housing shortage of at least 50,000 units, leaving many residents struggling to own a home in the city.
“the supply of homes available for sale remains near historic lows,” said stan longhofer, director of the wsu center for real estate.
Chris green | wichita journalism collaborative.
The expected influx of new residents, combined with ongoing supply shortages, indicates a stable market for sellers.
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Unbelievable! Why Hafer Funeral Home Is Creating Buzz – Essential Insights Revealed! – Discover The Shocking Details! Say Goodbye To Unwanted Hair, Castle Rock: Euro Waxing Has Arrived! Spotlight On Lancaster: The Sunday News As A Beacon Of Community SpiritHome prices are expected to stay high, and fewer units will be sold next year than in 2023, said stanley longhofer, the center’s founding director who pens annual analyses of kansas’ major real estate markets.
Kansas home prices will rise by 7. 6% next year, according to the 2022 kansas housing markets forecast series published by the wichita state university center for real estate.
Ensuring that wichita residents of different circumstances can find affordable housing today and in the years to come doesn’t seem like an especially controversial proposition.
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Experts predict that the wichita housing market will remain competitive through the latter half of 2024.
The first 37 units approved for sale are scattered across the city and are appraised at an average of about $88,000.
The first 37 units approved for sale are scattered across the city and are appraised at an average of about $88,000.