January 18, 2011 Dr. Stanley D. Longhofer WSU Center for Real Estate.

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Presentation transcript:

January 18, 2011 Dr. Stanley D. Longhofer WSU Center for Real Estate

 2010 was a tumultuous year  Hard to tell the current in the market with all the ripples  How fast markets recover depends in large part on the rest of the economy

2009 Actual 2010 Forecast 2011 Forecast Total Home Sales 8,617 units -14.2% 8,140 units -5.5% 8,680 units +6.6% Building Permits 1,256 units -29.2% 1,070 units -14.8% 1,080 units +0.9% Home Price Appreciation +0.4%-0.1%+1.4% Sources: South Central Kansas MLS; U.S. Bureau of the Census; Federal Housing Finance Agency; WSU Center for Real Estate

Kansas CityLawrenceManhattanTopekaWichita Sales 25,050 units +2.5% 1,430 units +9.2% 620 units +3.3% 2,700 units +1.1% 8,680 units +6.6% Permits 2,100 units +1.9% 220 units +10.0% 190 units -5.0% 310 units +14.8% 1,080 units +0.9% Home Prices -1.3%-0.5%+0.8%-0.5%+1.4% Sources: Heartland MLS; Lawrence Board of REALTORS®; Manhattan Association of REALTORS®; Topeka Area Association of REALTORS®; South Central Kansas MLS; U.S. Bureau of the Census; City of Manhattan; Federal Housing Finance Agency; WSU Center for Real Estate

WSU Center for Real Estate