At American Properties we are constantly analyzing the US housing market looking for the best opportunities for our members. As part of this ongoing process we reduce our involvement in markets where opportunity is fading and extend our involvement in markets that are beginning to shine. This adaptive methodology is based carefully calculated, data-driven logic, and good old fashioned common sense. We like to stay ahead of the curve so that our members get the biggest bang for their buck. So without further ado…
We’re very excited to announce our head first dive into the Kansas City property market! And the kicker – 35% down low-doc financing on all the properties we recommend!
Why are we so excited about Kansas City?
Core Logic Case Shiller predicts a 6.7% increase in home prices from the third quarter 2013 to the third quarter 2014, then 4.1% for the third quarter 2014 to third quarter 2015. Rental rates are climbing – As rental rates climb *after* you’ve bought your property, the ROI on your investment goes up dramatically and, of course, you get more money in your pocket every month
The Kansas City metro area added 15,783 new residents between July 2012 and July 2013 according to newly released census estimates. This puts the total population at 2,054,473, which makes it the 30th largest metro in the country. The 15,783 increase also marks the largest annual growth figure so far this decade. The increase from 2010 to 2011 was 11,102; from 2011 to 2012, the metro grew by 13,897).
Unemployment is steadily dropping in Kansas City, this is a city on the mend after the GFC and the data is here to back it up. Of particular note is the high tech sector job growth spurred recently by Google Fiber and historically by other factors. A few months ago, urban economist Joel Kotkin ranked Kansas City 13th overall among the largest metros in the U.S. based on high-tech and STEM (Science, Technology, Engineering and Math) employment growth between 2001 and 2013. Recent years have been even better with tech industry jobs (software, engineering and computer programming) growing by 18.5 percent between 2010 and 2013.
Silicon Valley move over – here comes Silicon Prairie. Kansas City is the only city in America to get internet 100x faster than regular broadband – Google Fiber. The speeds that Google Fiber achieves and the technologies that it will spur have led to it being likened to the technology revolution that took place when we all switched from dial-up to broadband – and startups are betting big on it. The growth in startup activity has been nothing short of spectacular, and established tech companies from nearby areas are beginning to make the move too. It only takes one homerun, one Google, one Microsoft, to totally transform a city and its economy. If that homerun happens it will bring jobs, money, and economic growth on a scale Kansas City hasn’t seen before.
Locals have always known Kansas City was a hidden gem – but the secret is out. Lonely Planet name Kansas City as a top 10 travel destination in 2014. The city itself is beautiful with more boulevards than Paris and more working fountains (212 and counting) than any city except Rome. A vibrant downtown area full of shops, bars, cafes, and restaurants draws the crowds. To top it all off – if you love barbeque this place is Mecca and if you love Jazz this place is Babylon.