Category: News

4,000 Jobs to be Created at New Battery Factory in JoCo

New Jobs Coming to De Soto, Kansas

The new electric vehicle battery factory will be coming to De Soto, Kansas, and is expected to invest $4 billion into the project. This will create up to 4,000 jobs at the plant, as well as 16,000 construction jobs. Gov. Laura Kelly announced in Topeka Wednesday evening and said that this is the largest private investment in Kansas history.

The new factory will produce lithium-ion batteries for electric vehicles. It is not yet known which company will operate the facility, but Kelly said that the state is currently in talks with several different companies. 

This is a huge development for the state of Kansas, and will no doubt have a positive impact on the economy. This project is sure to create many new jobs and help grow the state’s already thriving automotive industry.

Why Is This Important for Home Buyers and Sellers in Johnson County Kansas?

This is exciting news for Johnson County Kansas and the entire Kansas City metro area. With the addition of this new factory, there will be an influx of jobs and money into the area. This is likely to have a positive impact on home prices in the area as more people can afford to buy a home.

The more high-quality jobs that are available in an area, the more people are likely to want to move there. This can lead to an increase in demand for housing, which can cause home prices to rise.

If you are thinking about buying a home in Johnson County, now is a great time to do so. Contact your local real estate agent today to learn more about the current market conditions and to find out what homes are available for sale.

Topeka Made the Wall Street Journal/Realtor.com Emerging Market List

An article from the Wall Street Journal and Realtor.com identified its updated list of some of the top metro areas for homebuyers who are seeking an appreciating housing market and lifestyle amenities. They named Topeka as an Emerging Market.

These higher ranking markets in the 1st quarter had home sales that sold faster, wages that tended to be higher, and commute times that were shorter than the market as a whole. 

Here is our quick summary of the article. Please visit the WSJ website for the whole article.

Affordability is Driving Interest

Factors such as affordability, remote work flexibility, and changing location preferences are driving these trends.

Sam Khater, the chief economist at Freddie Mac, notes that people are reordering where they live in response to high housing prices and increased remote-work flexibility.

Overall, these markets tend to be smaller in size, averaging around 600,000 people each.

People are Moving

The article concludes by noting that as housing prices continue to rise and commute times increase, more people are likely to move out of larger cities and into areas with lower costs of living and better quality of life.

The text discusses the trend of more people moving to cheaper cities, as prices for housing have been increasing rapidly in coastal cities.

This is partially due to people looking for different lifestyles and more remote work opportunities during the Covid-19 pandemic.

Mortgage Interest Rates

The average 30-year mortgage rate has also increased recently, making housing even more expensive.

As a result, economists believe that this trend will continue in the future, with more people moving to cheaper and more affordable housing markets.

Conclusion

Overall, the trend of more people moving to cheaper cities shows no signs of slowing down in the near future.

This is due to rising housing prices, remote work flexibility, and changing location preferences driven by factors such as the Covid-19 pandemic.

As a result, markets such as Topeka are likely to see increased interest from homebuyers looking for an affordable and appreciating housing market.