AgentMarkets & Economy

Kansas City metro’s mini real estate boom

Rising sales, prices attributed to rural flight, pent-up demand

"Toto, I've a feeling we're not in Kansas any more." But, Toto, maybe you should be. And that would probably apply to anyone else who is not looking for a heart, a brain or courage but a nice home in one of the most stable housing markets in the United States. Back in March, two news items caught my eye. First, a report by the Federal Housing Finance Agency that noted a seven-state region, which included Kansas, had the highest home-price appreciation from December 2011 to January 2012. On the heels of that report came a LendingTree survey called, "America's Healthiest Housing Markets," which listed Kansas at No. 9, right behind Utah, Virginia and Colorado. Kansas, a long, rectangular-shaped state in the heart of the Midwest, boasts ample agriculture production and even good oil and gas (a lot of small, stripper wells have been pumping continuously since the price of oil passed $60 a barrel), but, in terms of population core and gross domestic product (GDP),...