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How Long will the Housing Recovery Take in Kansas City?

While it has been a long and troublesome road over the last few years since the real estate market crashed, and the climb to regain status as a healthy market has been a struggle for many cities nationwide. The housing recovery began approximately 3 years ago, but many local markets have still to regain values lost during the recent recession. The question most people want to know is how long will it take for home values to achieve their pre-recession levels. Kansas City has a bright economic outlook, especially due to the manufacturing business and growing trade companies establishing roots in the area.

The cities quickest to emerge from the recession benefit from evergreen industries like government, defense, education and technology — sectors that will always provide work, even in a national slump. In addition, these five cities are diverse; their fortunes aren’t invested solely in one industry, giving them good prospects for the future. So even though Kansas City has seen jobs fall off in the past few years, it has been a slower process there that in other cities, with an estimated 2.7% drop in jobs. Living in Kansas City and looking for work? Thankfully, having a variety of jobs and industries is a way that the city safeguards against job fallouts.

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