The following is an excerpt from the Dec. 8 issue of The Wichita Eagle. Stan Longhofer, director of Wichita State University's Center for Real Estate, contributed to the article.
Rates, tax credit may prod market
Dec 9, 2009 8:50 AM | Print
Tuesday's dose of snow and ice marked the traditional end of the yearly home-selling season.
Or did it? Bankers and brokers think that two unique variables — the extension and expansion of the homebuyer tax credit through June 2010, and continued low mortgage rates — could keep buyers and sellers active this winter.
"We don't expect to traditionally see the sales in December and January that we do in May and June and that's true again this year," said Stan Longhofer, the economist who heads the Wichita State Center for Real Estate.
"But I'd expect you'll see sales up slightly this year on a seasonally-adjusted basis, or at least not declining at previous rates."
Koch Global Trading Center officially dedicated
Rhatigan Renewal revives campus life
WSU dedicates building named for former president
Innovative splint developed by WSU researchers
WSU expansion will support job growth, innovation
WSU, community join forces to grow regional economy
WSU holds seminar on joint ventures and teaming
Wichita State Musical Theater presents 'The Spitfire Grill'
Economic Outlook Conference, Oct. 9
History Department special presentation
Workshop to prepare students for ACT
Nursing student workshop to be held at WSU
WSU hosting 'Writing Now, Reading Now' series
WSU to host ACT Math Workshop
David Cabela to speak at WSU forum
Constitution Day activity at WSU
The Elliott School of Communication turns 25
Kansas Council for Economic Education receives grant
Students, community welcome at WSU outdoor movie
Students feel at home in Shocker Hall
Tree planting honors WSU's KBOR anniversary
Innovation helps WSU School of Nursing reach students