Kansas City MO Makes the List
According to Forbes, “In major global cities, the real estate market is caught in a high-demand, low-supply cycle. That’s why many real estate investors are looking in other areas to diversify their property portfolios. There are a few factors to consider when looking for the best areas to invest in, such as affordability and population growth. Kansas City MO makes the list.”
A panel of Forbes Real Estate Council members was asked to name their picks for up-and-coming real estate investment locations. Fellow real estate investors should keep their eye on these areas in the near future.
Kansas City MO Makes the List
1. Toronto, Ontario
2. Mount Airy, North Carolina (Mayberry)
3. Sacramento, California
4. Las Vegas
5. Twin Cities, Minnesota
6. New York City
7. The Sunbelt States
8. Second-Tier Southeastern Cities
9. San Antonio, Texas
10. Western Open Land
11. Kansas City MO
“Investors should keep their eye on Kansas City over the next 5 to 10 years. When Google launched Google Fiber, they invested a billion dollars in Kansas City as the first city for its rollout. Considering Google’s stature as the analytics leader of the world, huge technology jobs are coming to this area, bringing a very young population and a diversified economy. – Ari Rastegar, Rastegar Property Company”
Federal Reserve Governor Michelle W. Bowman echoed the outlook for Kansas City:
“One of the most remarkable features of the current economic expansion has been the vitality and resilience of the U.S. job market. More than 22 million jobs have been created since the low point for employment at the end of the last downturn, and the pace of job gains has been amazingly consistent.”
“Until this expansion, even in good times, scarcely a year went by without at least one month when payrolls shrank. Yet during the past 10 years, we haven’t had a single month with a decline in the overall number of jobs. I should note that I would not necessarily consider a single month of job losses as saying much about the direction of the economy. But the unbroken string of job gains that we have experienced during this recovery highlights how our economy has kept humming along during this past decade, weathering the occasional lull.”
Kansas City MO Makes the List
“Let me also add here that, as good as the national numbers for the job market look, things seem even better here in the Kansas City area, where job growth has been steady and the unemployment rate has consistently run around 1 percentage point below the national average—at last count, it was 2.8 percent.”
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