Wayne's Real Estate Blog

Wichita real estate market update:2006 area real estate sales were 3% higher than the year before. Starting 2007 the number of residential homes for sale was down 2.5% from the year before and March 1, 2007 data showed residential listings were down 5 ½% from March, 2006. What does this mean for ...

Mortgage interest rates dropped to their lowest levels since April. 30 year fixed rate loans fell from 7% to 6.25%. 3-Year adjustable rates were in the low 5% range. Jumbo loans up to $862,000 were 6% with no points. Data from the 2005 NAR member survey about The Nations Realtors showed that 65% ...

The National Business Aviation Association wrapped up this weekend and produced favorable results for Wichita plane makers and sub-contractors. Honeywell Corporation has reported a 15% increase in sales for this year and says the demand for business aircraft should remain very strong for the next...

Last year over 5,000 jobs were added to the Wichita area economy and MSA. The MSA includes Butler, Harvey, Sedgwick and Summner counties. The jobless rate fell below 5% for the 1st time in 2006. The unemployment level was 4.4 percent for the Wichita MSA, down from 5.1% in August. Unemployment wit...