Marcus & Millichap has released their opinions on the growth of the Kansas City area apartment market. Marcus & Millichap work exclusively with upper end real estate investments. While I tend to do more single family home and duplex investments they do 20 unit and above residential investment properties.
Anyway, you can find the report here on a Kansas City Buisiness Journal site. If you have interest in the Kansas City apartment market you may want to make the jump. They point out how positive they are on western Johnson County areas like Shawnee, Olathe and Lenexa because of their positive job growth.
LESSON: The big boy investors are looking at the same key factors as you and I. This is not rocket science people. Job growth equals housing demand. Housing demand equals fewer vacancies and upward pressure on housing prices. That’s good if you are already an owner. Makes it tougher to get in the game if you are looking in from the outside. Start your real estate investing today!