Goldilocks To Bless Wichita Housing Market
After years of running too hot or too cold, the Wichita housing market is nearly back to just right.
Wichita home sales will rise 5.1 percent and home prices 3.5 percent in 2017, according to the 2017 Wichita Housing Forecast published by the Wichita State University Center for Real Estate.
Stan Longhofer, director of the center, presented the forecast Tuesday at the Kansas Association of Realtors Annual Conference and Expo at the Wichita Marriott hotel.
In Wichita, it will be the sixth straight year of growth, following the housing bubble and the housing bust.
It has taken six years for imbalances to work themselves out, Longhofer said. The last couple of pieces were still out of kilter this year.