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."
Work group seeks social media policy feedback
One million tiles being restored on WSU's Miro mosaic
Donations lead to increase in Ulrich photo collection
Opera stars Ramey, Held to teach at WSU
Blue Valley student wins WSU scholarship
Wichita State to host Chinese delegation
Wichita high schoolers win WSU Jabara Scholarships
Kenya Safari Acrobats to perform at CAC
WSU's NIAR hires lab director
WSU's McDowell competing for Mrs. International title
Endowed professorship named after Robert Town
WSU students, faculty participate in theater festival
Funds to WSU will help develop community-wide program
WSU Gore Scholar proving her worth
WSU's 'Academe' for winter 2014
Wichita State offers Anti-Trafficking 101
Observatory hosting 'Discovering Stellar Secrets'