Don’t believe the national headlines… 4.2% “The housing market was socked by bad news for the third consecutive day…” Wichita remains an island of calm.

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In This Week’s “The EDGE”

PRINCE GEORGE’S COUNTY ASSOCIATION OF REALTORS®

Exhibit 1:Summary Table

Economic impact of real estate activity

Total Wage & Salary Employment

Exhibit 1:Summary Table

In This Week’s “The EDGE”

Exhibit 1:Summary Table

Exhibit 1:Summary Table

Exhibit 1:Summary Table

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Presentation transcript:

Don’t believe the national headlines… 4.2% “The housing market was socked by bad news for the third consecutive day…” Wichita remains an island of calm

Economic Overview Sources: U.S. Bureau of Labor Statistics; Kansas Department of Human Resources

Existing Homes Source: WSU Center for Real Estate using data from SCK MLS

Existing Homes Sources: National Association of Realtors®; WSU Center for Real Estate using data from SCK MLS

Existing Home Sales Sources: SCKMLS; NAR; WSU Center for Real Estate Existing Homes Sources: National Association of Realtors®; South Central Kansas MLS; WSU Center for Real Estate

New Homes & Construction Sources: National Association of Realtors®; WSU Center for Real Estate using data from SCK MLS

Existing Home Sales Sources: SCKMLS; NAR; WSU Center for Real Estate Sources: U.S. Census Bureau; Wichita Area Builders Association; WSU Center for Real Estate New Homes & Construction

Sources: SCKMLS; NAR; WSU Center for Real Estate Sources: National Association of Realtors®; South Central Kansas MLS; WSU Center for Real Estate New Homes & Construction

Sources: SCKMLS; NAR; WSU Center for Real Estate Source: WSU Center for Real Estate using data provided by the Sedgwick County Appraiser’s Office Home Prices

Some Facts about the “National” Housing Market No one owns the “average” U.S. home Home prices are actually rising in most markets Other than two problem areas, foreclosures are down across the U.S. –Rust belt –Arizona, California, Florida, and Nevada Recent problems in the financial markets are not a “mortgage market meltdown”

Mortgages & Foreclosures Sources: Freddie Mac; Mortgage Bankers Association of America

Mortgages & Foreclosures Source: WSU Center for Real Estate using data from Sedgwick County Register of Deeds

Q3Q4Q1Q2Q3Q4 Home Price Appreciation Existing Home Sales2,9642,4632,1412,9923,0322,497 New Home Sales Building Permits Forecast Summary