Wichita KS Realty News

Plenty of Takeaways from WDDC’s 2016 State of Downtown Report

WDDC 2016 State of Downtown Report

WICHITA, KS: (wichitaksrealty.news)  The newly published “State of Downtown” report from the Wichita Downtown Development Corporation is full of information concerning the direction of the city of Wichita.  This in-depth report provides a much needed analysis of not only accountability of dollars spent on previous improvements, hint, it’s a lot, but also gives us a glimpse into the ever changing generational dynamics that not only our city faces but also the country as a whole.

The following information is directly from the State of Downtown flipbook:  Residential population within the downtown district is heavily weighted with younger residents, age 20 to 29, making up 39 percent of the residents.  Another takeaway, residents of downtown Wichita are most likely college educated with 34 percent  having at least some education and 39 percent having at least a Bachelors Degree.  It is becoming apparent that this generation has started to change long standing views on many aspects of daily life and will continue to do so.

This is just from one page of a 40 plus page report.  I recommend anyone interested in the city to review the report.  It is an excellent read and one that we will continue to look into and write about further, hopefully with the help of those directly involved.

The pages within the WDDC report and the presentation itself both paint a positive picture of the core of Wichita in the midst of a great revitalization process and one that will have influences well into the next decade and even further.

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Richard Wood

Richard Wood, our Editor and contributing Author shares his insights of the national economic data and helps identify trends in the economy and specifically how they effect the local real estate markets in and around Wichita Kansas.
With a top down approach, his focus starts with the Federal Reserve policy makers and their direction on interest rates. Employment, housing starts, and refinancing of current mortgages all come into play when trying to understand how they fit together. Even generational housing trends are important and will be discussed.
Richard brings more than 30 years of knowledge of these markets and will assist the reader in better understanding how they come in to play.