Wayne's Real Estate Blog

Wichita area MLS   Absorption rates for various price ranges.   Last 6 months prior to 10-9-2012       $0               to      $100,000             1534 listings       5 MO’s of inventory   $100,000   to      $150,000             886 listings         4.5 MO’s of Inventory   $150,000   to      $...

  Wichita, KS Financial update for the Fall, 2012   By Wayne Short, broker/owner       Mortgage Interest rates continue at record low rates for the rest of 2012.   30 year fixed rate loans are at or below 3.5%   15 year fixed rate loans are at or below   Investors can get loans in the mid 4% rate...

  September, 2012 Real Estate Update   Wichita, KS Metro area   The south Central Kansas MLS just released their August, 2012 Wichita, metro area homes sales Figures.   Existing home sales increased 5.1% between July and August and were 9.4% above a year over year basis.  The Average sales price ...

Wichita Aviation news update   The Wichita aviation industry has taken a big hit over the last 4 years.  Since 2008 almost 13,500 aviation jobs were lost due to the down turn in the Industry.  Finally, it looks like things are turning around……..       Boeing aircraft has received over the last 9...

May, 2012 Wichita, KS metro area   Real estate update       Mortgage Interest rates continued at Record lows for May, and June 2012.  Quotes for 6-15-12 were 30 year FHA fixed rate loans at 3.25%, Conventional loans were at 3.625%.   15 year fixed rate loans were 2.875% for both FHA/VA and Conve...

Wichita home sales report for March, 2012   Data supplied by the South Central Kansas MLS       Existing home increased 32.6% between February and March, 2012 and increased 11.1% on a year over year basis.  The median sales price of homes sold in March increased 10.7% compared to February sales ...

Wichita Economic news for March, 2012   Data following is from the RE/MAX National Housing Report:   Nationally, home sales in February were 8.7% higher than sales in February 2011.  This was the 8th straight month year-to-year sales have risen.  Of the 53 metro areas included in the survey, 45 ...

  Wichita, KS metro area Real estate, Business and Financial update for February, 2012   Data from the South Central Kansas MLS shows that Home sales have stabilized in the last year and will increase in 2012. In 2011 there were 4.1% less existing home sales than 2010.  The 1st month of 2012 show...

  Wichita, KS economic and real estate report for December, 2011       The last month and especially last week was good economic news for Wichita, KS.   The unemployment rate in November, 2011 dropped to 8.6% nationally and dropped to 7.2% for the Wichita metro area and 6.7% for Kansas. Jobless c...

  Why Wichita?   Friday, November 4th, 2011 I attended a seminar put on by the Wichita Area Association of Realtors.  The Professionals Development committee invited several people “in the know” about Wichita and its future to address Realtors about the future of the Area.       Speakers were:   ...