Forget the doom and gloom!

The Wichita Eagle recently put out an article with the results of the PMI Mortgage Insurance Co. study regarding home sale prices in various areas.  This study is done quarterly.

The article here

The point of the study was to show the chance of home prices declining in various market areas between now and the first quarter of 2010.

The results showed that homes in Wichita, KS have less than a 1% chance of declining in value between now and the first quarter or 2010!  

Compared to Florida, where the chance of decline came in at 90%, our rate is spectacularly good news for all! 

Buyers are still getting good prices, with the idea that their home will not lose value.  Sellers are still getting reasonable prices on their homes and have not lost a lot of value.

The market is regional and this study really shows that!

So when you hear all the hype and worry about your Wichita home, just remember that it's all local!  Not just city, but even local to neighborhoods and individual homes!  Every situation is different.

To find out what your home may sell for, or to snag up a great home at a good price in a stable city, get in touch and let's talk!