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Demand for Foreclosed homes in Wichita, KS Expected to Rise



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By : Clark Raitz    99 or more times read
Wichita, Kansas, ranked as the 18th most secure metropolitan area to live in the US. This was according to the recently released 7th Annual Farmers Insurance Group of Companies. It is logical to expect demand for foreclosed homes in Wichita, KS, to increase after the release of the study.

The volume of foreclosures in the area continues to rise. As of the third quarter, there were about 7,500 foreclosed homes that would certainly end up in repossession and sale. There were about 4,300 more homes that are nearing foreclosure, according to data released by a Real Estate tracking firm. Thus, it is logically expected that there would be more foreclosed homes in Wichita, KS in the coming months.

It also helps that home prices are not that expensive. A homebuyer has to know that available foreclosed homes in Wichita, KS maintain lower price tags. In the third quarter, prices modestly rose just 0.95% in the area. It is expected to drop when volume of foreclosed homes increase in the coming months.

To check out available foreclosed homes in the area, browse foreclosure listings by state. By doing so, you could find foreclosed properties that are available in different areas and in various states across the country.

Back to the listing of ideal places to live in the US, the Farmers Insurance Group of Companies said the areas were listed based on specific criteria. The study considered rate of foreclosures, crime statistics, natural disaster risks, extreme weather, terrorist threats, air quality, and housing depreciation. The study also looked at job loss rates, life expectancy, and environmental hazards of about 114 metropolitan areas nationwide with population of at least 500,000.

Madison, Wisconsin, topped the same list and thus was considered the most secure place to live in. Meanwhile, many foreclosed homes in Wichita, KS are still up for sale as listed in different foreclosure listings by state. Homebuyers could find a wide range of prices for such homes from affordable to premium-priced.
Original Post: http://www.foreclosuredatabank.com/foreclosures-blog/article/2437/foreclosed-homes-wichita-ks-rise on ForeclosureDataBank.com, your source of foreclosure properties.

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