In the movie ‘The Wizard Of Oz’, Dorothy clicked the heels on her red shoes and returned to Kansas. Well, it looks like more than Dorothy could be returning to the Sunflower State.
Today’s issue of the Canadian Real Estate Magazine says that “Canadian investors focused on Florida and other warm-weather markets in the States may want to put on winter coats and head north to Kansas City……HousingPredictor.com released its annual top 25 lists of the best and worst markets in the U.S. for price growth. The top two cities on the list were in Kansas. Kansas City topped the list with a forecast of 5.8% price growth, followed by Topeka, up 4.7%. Rounding out the top five were Charleston, West Virginia; Oklahoma City, Oklahoma; and Minot, North Dakota.”
While my personal buying strategy is still mainly buy, hold and rent it does make sense to purchase some properties for profit. And numbers like these might have you thinking about a quick re-marketing (I don’t like the term ‘flip’) strategy.
And by the way, just in case you were wondering what the worst performing markets in 2012 could be, the article goes on to say “….Las Vegas, predicted to drop 8.4% in 2012 in average price, followed by Wilmington in Deleware and Hilo, Hawaii, both down 8.2%.”