Wayne's Real Estate Blog

More good news for Wichita housing! July 2, 2008: A new study by PMI Mortgage Insurance Co. ranked 381 Metropolitan areas in ability to hold their market value over the next 2 years.  The Metro Wichita, KS area ranked right at the top of this report with only a 1% chance of home prices declining ...

MLS Market activity for the Wichita, KS metro area Jan. 1, 2008 to June 30, 2008    The economic and real estate slowdown has reached the heartland and the Wichita, KS metro area.  April, 2008 sales were down 11.5% from 2007.  May sales were down 19.2% and June sales were down 22.3% compared to l...

Are lenders contributing to the Mortgage mess?   We have a twin home in Wichita that was sold to an out-of-state investor with minimum down but also had positive cash flow.  A year after owning the property the investor's purchases in some costal areas where he was promised huge appreciation star...

Are lenders contributing to the Mortgage mess?   We have a twin home in Wichita that was sold to an out-of-state investor with minimum down but also had positive cash flow.  A year after owning the property the investor's purchases in some costal areas where he was promised huge appreciation star...

Wichita, KS Sales Figures for May, 2008 Plus YTD Information   Real estate sales for May, 2008 compared to May, 2007 were down 19.8%.  YTD sales were down 13.1% for the same period.  While that may look bad on the surface, Listings were down 11.3% year-to-date and 17.5% May, 2008 compared to may,...

July, 2008:  Wichita ranks high on wealth building survey by Salary.com. Wichita, KS just ranked #6 on a survey of 69 cities for building personal wealth and Quality of life.  The survey shows Cities which have the largest difference in pay and expenses plus quality of life.  Education, industry ...

MSN just put together a list of the Nine Best, Livable Cities where you won't need to trade the good life for the boring.  The cities had to have more than 500,000 residents in the metro area and had to be one of the 100 largest USmetro areas. Wichita, KS ranked #1.  It was ranked this way becaus...

1st Quarter, 2008 Market Conditions for Real Estate in Wichita, Kansas   Money Magazine just reported 1st quarter information on Median home prices and projections from May, 2008 to May, 2009.  Wichita ranked #10 with a projected increase in value of 1.5%.  The highest ranked city was Rochester, ...

April, 2008 Unemployment rate for Wichita, KS dropped to 3.5%.  All aircraft plants are hiring.  The oil and gas industry are doing great and Wichita area farmers are experiencing the highest farm prices in years.

Living on the east and West Coast and want to transfer to Wichita, KS for less expensive housing and good jobs?  Check these cost of living #'s below:   A person living in Orange County, CA making $107,300 would only need to make $65,000 in Wichita, KS and have the same standard of living.  A per...