Kansas’ Millennial Market
Published on July 24, 2019 by Kaylee
If you’re looking to buy a home in your 20’s, look no further than Kansas. According to recent market research, Wichita is one of the top 10 cities where 20-29-year old’s have been taking out mortgages. In 2018 29.4% of mortgages were issued to buyers in their 20’s. Kansas has become a favored watering hole for 20 somethings. You may be wondering what makes Kansas so desirable for young millennials? Wichita has a strong local economy with reasonable home prices and a spotlight on local night life. There are plenty of things to do for the younger generation, from the Midwest Beerfest to the Autumn and Art festival. Wichita is also the home to large employers such as KOCH Industries and Cessna. A growing economy combined with a seller’s market has raised home values 78%. In a nut shell…Wichita is so popular because home buyers get a lot of house for the same price compared to bigger cities– and cost of living is low.
While Millennials have been the biggest chunk of U.S. home buyers for a few years now, we’re about to see the younger half hit the housing market en masse. This group will decide where the next “hot” markets are. As a real estate professional trends are crucial in marketing your business, knowing what’s coming is a big benefit so now is the time to take your continuing education courses and renew your license. While fulfilling your requirements brush up on your social media presence with our Social Media Marketing course. The opportunity to make considerable money is just around the corner, so jump on over to our Kansas Real Estate Continuing Education page and learn something new!
With a booming housing market, real estate agents are in high demand. Make sure you stay up to date with state requirements so you can remain licensed.
Do you need Kansas real estate continuing education?
Salespersons and Brokers in Kansas are required to complete 12 hours of continuing education every two years. Salespeople must include a 3-hour Required Salesperson and Broker Core course; the remaining nine hours can be elective topics approved by KREC. Brokers must also complete a 3-hour Required Broker Core course. The remaining six hours may be filled with KREC approved elective courses.