Nicknamed the City of Fountains, Kansas City today has emerged as a growing market for real estate investments. But as a result of real estate growth, housing costs have increased across the city and the number of affordable rental properties have decreased.
For all its charm and midwestern ambience, the region is on a real estate roll – homes here have jumped in price 10.5% over the past year with a 3- to 4-percent rise expected next year. Raineth has countered on behalf of low-income families in search of reasonably-priced homes, by buying nearly 500 homes in the community and has restored more than 200 to date. The remaining homes will be restored and ready to rent within 6 to 9 months and will be leased at affordable prices.