Location, Location, Location???

By
Real Estate Agent with Reece & Nichols

I read in the Wall St Journal today that the top three factors effecting real estate values are "jobs, jobs, jobs", and not "location, location, location".  This makes a lot of sense because if unemployment is high, foreclosures will increase, and housing values will fall.  Then I researched the unemployment rate for Overland Park, KS.  In 2010, the unemployment rate for Overland Park was 6.6% compared with the national average of 9.6%.  Wow!  The rate is up from past years, but much better than the rest of the country.  I think the local economy is the main reason housing values in Overland Park have been somewhat stable compared with other cities. Find Homes in Overland Park

Comments (0)