Wichita News

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Wichita, KS Most Affordable City According to ‘Today’ Show

by Lynette March 22, 2010

On this mornings episode of the ‘Today‘ show, Wichita, KS was rated the most affordable city to live in the USA. The study was done by real estate expert, Barbara Corcoran.  She looked at the following: cost of living average household income average home prices quality of life This is just one more reason to [...]

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Household Spending, How Wichita Compares

by Lynette March 9, 2010

Bundle.com lets visitors compare household spending in their part of the country with the national average.  Wichitan’s actually spend more than the national average on dining out, groceries and travel but less on entertainment and gas in their vehicles. Click here to see the specifics of the study.

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Wichita Housing Market is Looking Good

by Lynette March 6, 2010

Wichita State University’s Center for Real Estate released their 2010 Kansas Housing Market Forecast yesterday. Here are the highlights: employment will continue to go down through the first quarter of 2010, then will recover slowly the Mortgage Bankers Association predicts that interest rates will continue to be low through 2011 by then end of 2011, [...]

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Home Sales in Wichita Are Up, Tax Credit to Thank

by Lynette November 12, 2009

There was good news for the Wichita real estate market today. According to the Wichita Business Journal, home sales in October increased by 2 percent over sales from October 2008. Many Realtors give credit to the increase in home sales to the $8,000 tax credit for first time buyers. The report, from the Wichita Area [...]

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Commercial real estate down 30 – 40% in Wichita

by Lynette October 28, 2009

This article in today’s Wichita Eagle says that commercial real estate deals are down 30 – 40% in Wichita. A big reason for the slump is the changes in loan requirements. In general, loans are harder to get and require a larger down payment. Qualified buyers are certainly at an advantage right now in Wichita. [...]

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Wichita is One of Metropolitan Areas with Low Risks for Foreclosure

by Lynette Chapman July 14, 2009

There are news on foreclosures practically everywhere. As of today, millions of homeowners have lost their homes due to foreclosures and it seems that there is no end in sight to these depressing circumstances. The three states that have been hit hard by these mortgage troubles are California, Arizona, and Florida. The areas in these [...]

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Wichita is nations "Most Uniquely American" city

by Lynette Chapman May 14, 2009

We knew it all along but in a recent Newsmax survey, Wichita was ranked #1 for the nations “Most Uniquely American” city. Our city was complimented on its affordability, its historic downtown, and its thriving industry. http://www.bizjournals.com/wichita/stories/2009/05/11/daily19.html

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Wichita’s foreclosure rate on the rise, data says

by Lynette Chapman September 22, 2008

Wichita foreclosure rates in July increased slightly in over the previous year, according to First American CoreLogic, a collector of local residential real estate data. The foreclosure rate in Wichita among outstanding mortgages was 0.74 percent during July, up from 0.69 percent from a year earlier. That was lower than the national foreclosure rate of [...]

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New FHA Mortgage Limits

by Lynette Chapman March 27, 2008

FHA Mortgage Limits List – FHA Forward The current basic standard mortgage limits for FHA insured loans are: One-family Two-family Three-family Four-family FHA Forward $271,050.00 $347,000.00 $419,400.00 $521,250.00 HECM $200,160.00 Fannie/Freddie $417,000.00 $533,850.00 $645,300.00 $801,950.00  

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