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 but were .5% lower on a year over year basis. 1st quarter existing home sales for the 1st quarter of 2012 are higher than 2009, 2010 and 2011’s 1st quarter sales.
New home sales also increased 24.15 from February but were 8.6% lower than last year. New … (0 comments)
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 claims the middle of December, 2011 dropped to 366,000. A sustained rate of 375,000 or below shows a economic recovery in place.
Last week the average 30 year, fixed rate mortgage dropped to 3.94% matching the all time low in October, 2011.
The Brookings Institution just completed a study on American cities and how fast their exports were growing. Wichita, KS was Number one with the fastest growth of exports over the last five years. Only four Metropolitan areas doubled exports over the last 5 years...Wichita, Portland, New Orleans and Houston. This growth in Wichita is mainly attributed to the Aviation sector. Wichita aircraft plants build nearly ½ of all general aviation aircraft delivered worldwide each year. Nearly ½ of all Aircraft manufactured in Wichita are sold outside of the United States.
The South Central Kansas MLS has released their June, 2010 figures for Wichita-area homes sales. Existing home sales decreased by almost 10% between May and June, 2010. However, YTD sales increased by 10% due primarily to the Federal Tax Credit offered until 4-30-2010. Many of the sales that closed in May and June were contributed to that Credit. New home sales increased dramatically (58.8%) from May with 77 sales compared to only 274 for the 1st 6 months. New Home inventory increased 11% to … (1 comments)
wichita economic update: Wichita, KS economic update....
- 07/10/09 11:23 AM
Wichita was just rated the #2 metro area out of the top 90 in the U.S. for the least commute time for residents and least traffic delays. McConnell AFB has added 15 air refueling tankers to the 31 tankers already based in Wichita. By October, 48 tankers will be based in the "Air Capital". With the additional people, and projects being completed to support the new planes there will be a $500 million dollar a year impact for the metro area. The KC-135 tankers arrived from bases in North Dakota, California and Georgia. Wichita is now home to one of the largest tanker … (1 comments)
wichita economic update: Wichita, Kansas real estate market
- 08/02/08 05:08 AM
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 between now and the 1st quarter of 2010. Metro areas in Florida and California had a 90% chance of homes decreasing in value.
66 Cities Where Buying Makes Sense July, 2008: MSN just released a report on the 66 best cities in the United States … (0 comments)
Some statistics of note for Wichita, KS and the local real estate market.
CNN reported the 1st of June that the Wichita, KS real estate market was the 8th most under-valued market in the U.S. According to National City Corp we were 16.3% under valued.
Wichita ranked the 9th "Best Big City" to live in the U.S. Reorted by Money, 2007
During 2006 and the 1st 4 months of 2007, All RE/MAX real estate organizations in the Wichita area were #1 in Listing sold. RE/MAX has less than 1/2 of the agents of the #2 and #3 organizations.
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