The following is an excerpt from the Oct. 3 issue of . Stan Longhofer, director of 麻豆传媒's Center for Real Estate, contributed to the article.
Local analysts say market better here than nationally
Wichita housing starts are down this year, a slower version of the national home-building decline as credit tightens and the economy worsens. For the first eight months of 2008, building permits are down 15.6 percent from the first eight months of 2007, from 1,607 last year to 1,357 this year.
New upscale housing continues to sell briskly, said Stan Longhofer, director of Wichita State's Center for Real Estate.
"There are subdivisions and price ranges still doing well. But overall, we're sitting in Wichita with five months' supply of new homes, about half the national average," he said.
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