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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.
The first 37 units approved for sale are scattered across the city and are appraised at an average of about $88,000.
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.
The first 37 units approved for sale are scattered across the city and are appraised at an average of about $88,000.
“the supply of homes available for sale remains near historic lows,” said stan longhofer, director of the wsu center for real estate.
Home 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.
Wichita faces a housing shortage of at least 50,000 units, leaving many residents struggling to own a home in the city.
The expected influx of new residents, combined with ongoing supply shortages, indicates a stable market for sellers.
Chris green | wichita journalism collaborative.
Wichita faces a housing shortage of at least 50,000 units, leaving many residents struggling to own a home in the city.
The expected influx of new residents, combined with ongoing supply shortages, indicates a stable market for sellers.
Chris green | wichita journalism collaborative.
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