The Philadelphia Caller
Philadelphia News, Spots and More 
KANSAS - As the Kansas City real estate market continues to mature, investors should be prepared to face several challenges. With the cost of acquisitions and borrowing costs remaining high, profit margins on investment properties will be harder to come by. Instead, investors should focus on long-term rental properties. In this way, investors can capitalize on increasing rents and decreased vacancies as demand increases.
OKLAHOMA - Oklahoma real estate statistics and trends are expected to show strong growth in the next few years. As the economy begins to pick up steam, inventory shortages should ease. Meanwhile, home prices will increase by 6.6% in 2023. Likewise, average monthly rents are expected to increase by 4.4%.
INDIANA - The housing market in Indiana will continue to enjoy substantial gains, but prices will start to fall from unsustainable highs. The number of new single-family housing starts will increase, which will help to balance the market. At the same time, concerns about affordability and healthy buyer demand will continue to weigh heavily on the market. As a result, sales will fall short of the previous record-breaking year.
MICHIGAN - According to Redfin, home prices in Michigan raised 7.7% yearly. The median price of homes sold in the state is now $256,600. However, the number of homes sold in the state is down 13.3% year-over-year. This year there were 11,395 home sales, compared to 13,145 last year. On average, homes spent 16 days on the market.
OHIO - The Ohio Real Estate market is experiencing an uptrend. Home prices in the state are expected to rise 10.7% YOY this year, and homes in the Cleveland area are expected to climb 18.8% YOY this year. However, inventory shortages in some neighborhoods are projected to ease in 2023.
CANADA - Currently, the Winnipeg real estate market balances affordability and growth. According to the Canadian Real Estate Association, the average home price in Winnipeg was $816,720 in February. As a result, young families are looking for opportunities in the city's more affordable housing market. The city is also a growing municipality, with newcomers coming from the prairies and providing a jolt of fresh capital into the economy.
