Wayne's Real Estate Blog

Good and not-so Good news for the Wichita, KS area April, 2009   Peter Greenberg, the travel editor for "Today's show" and the Newsmax Magazine, based in Florida, have named Wichita, KS the Number 1 city for Best American Values. Wichita ranked high in the following areas: Family friendliness, cu...

Wichita was a highly ranked city in 2008    Wichita, KS for most of 2008 outpaced the rest of the nation in the quality of its real estate market, job increases and local private and public building projects.  The economy started catching up with Wichita in the 3rd quarter and buy the 1st quarter...

1st Quarter, 2009 Real Estate & Economic report for the Wichita, KS metro area   Another Round of lay offs in the aviation industry was announced this week in Wichita, KS.  In addition, there will be two to three companies doing furloughs for two to three weeks this summer.  Total lay offs in the...

March 12, 2009 Wichita, KS Economic update   Wichita, KS city council members have voted to add another Bridge from the core area of Wichita to the Cities' West side, the fastest growing area in the metro area.  Presently there are only two accesses west and the new bridge will increase traffic f...

February, 2009 Market update For Wichita, KS   The Center for Real Estate at Wichita State University and the Wichita Board of Realtors reported sales activity for all of 2008 and January of 2009 this week.   Real estate sales forecast for 2009 shows existing home sales at around 7,500 units, 11%...

   Taking advantage of the new $8,000, 1st Time buyers Tax Credit.   How would you like to own a new home for free?   Let's say you are a renter paying $950 a month to rent a small home.  I can sell you a $110,000 home with payments $125 below what you are paying for rent, give you a tax deducti...

Wichita housing and economic update       Kansas ranked 6th in the nation for new jobs in 2008.  Only 14 of the 50 states had an increase in total jobs with the majority being located in the central United States.  Texas had the largest increase in jobs surpassing all increases in the other 13 st...

Wichita housing and economic update       Kansas ranked 6th in the nation for new jobs in 2008.  Only 14 of the 50 states had an increase in total jobs with the majority being located in the central United States.  Texas had the largest increase in jobs surpassing all increases in the other 13 st...

      2008 MLS Stats for the Wichita, KS Metro area    The Wichita, KS metro area survived the 2008 housing meltdown better than most real estate markets.  Home values in the 1st half were up 3.5% and were relatively flat for the 2nd half.  The overall market in units sold declined 16% from the p...

Real Estate Update for 2008    2003 thru 2007, Wichita‘s average increase in home values rose 15.2%.  2008 values rose 3+% the first half of the year and were stable the second half.  The Wichita, Kansas metro area was only one of 5 to 6 areas out of the top 100 metro areas  that showed an increa...