Lawrence, KS being the the mid-point between Kansas City and the
Capital, Topeka, makes it a reasonable daily commute to either city.
Lawrence still has quite a bit of construction going on and people are
still buying homes here. Construction has slowed some and prices
are not rising as quickly as they have in the past 4 years but we have
not seen a price reversal yet.
One of the things that has kept Lawrence home prices stable is the
inflow of buyers from the Kansas City area.
US Census data shows that in 2000 Kansas City had a population of
146,866 and in 2003 it fell to 145,757 a decline of almost 1000 just
within the city limits.
On the other hand Lawrence shows a different picture...
In 2000 the data shows Lawrence with a population of 80,098 and in 2003
we had a population of 82,120 an increase of more then 2000...
Topeka has also shed some of its population to us with a decline of
almost 400 residence between 2000 and 2003... (122,377 to 122,008 in 2003)
Lawrence seems to be in a sweet spot between two dwindling metropolises,
other cities might also enjoy population shedding from similar larger
cites and are places to keep your eye on for price resilience if the
bubble were to blow.
Tanya
Visit my website for more information on Lawrence.
www.SearchLawrence.com
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