Tuesday, April 20, 2010

Wichita Home Sales Climb 11% in March

Wichita home sales increased 11 percent in March, according to recent numbers from the Wichita Area Association of Realtors.


A total of 678 homes sold during the month, up from 609 in March 2009.


It’s the third month in the last six in which home sales have increased year over year. That followed a period of about two years where home sales lagged.

Friday, April 16, 2010

Wichita's Housing Market Slowly Improving

Could we be seeing the beginning of the end of the housing slump? Home prices are up and sales are looking steady and a report on new home construction is positive as well.

Much like flowers, real estate signs start popping up each spring. And in Wichita, all the signs point to good news for home buyers and sellers.

"Wichita is an area that doesn't have the great swings in value, as a result, as a homebuyers you can buy with confidence, as a home seller, you can really sell knowing that the market value is clear," Phipps said.

Which means when those real estate signs pop up across Wichita they likely won't be there for long.

Read Full Article

Source: KSN

Wednesday, April 7, 2010

Lead Paint Rules Taking Effect

- New rules on lead-based paint in Kansas housing go into effect this week.


The regulations are meant to minimize the risk of lead poisoning to residents and to people who work with paint.


The Kansas Department of Heath and Environment administers the new rules, which take effect Friday.


They apply to contractors, property managers and others who disturb painted surfaces in homes, apartments and child-occupied structures built before 1978.


Before starting renovations, those working on surfaces covered with lead paint will have to receive special training, certification and licensing.


Source: Wichita Eagle

Sunday, April 4, 2010

Foreclosures in SG County are Up 60% Over Last Year

Home foreclosures in Sedgwick County shot up during the first three months of the year, more evidence that financial stress levels in the community are growing.


More than 1,100 homes were scheduled for foreclosure sale by the Sedgwick County Sheriff's Office during the quarter that ended March 31.


That's 60 percent above the level of the first quarter of 2009 and a third higher than the fourth quarter. However, foreclosures in Sedgwick County remain about half of the national rate, and just a fraction of such housing bubble victims as Las Vegas and Miami.


There's no surprise as to why foreclosures are rising in Sedgwick County, say those who deal with foreclosures: layoffs, plus time.


A sudden drop in income from a layoff makes an affordable mortgage payment unaffordable, said Ryan Deitchler, housing counselor for Consumer Credit Counseling Service.


The most recent local unemployment rate, for February, was 8.1 percent, which is nearly twice what it was a year ago.


Thursday, April 1, 2010

Lead Base Paint Compliance Guide and Resources for Property Managers

Property owners who renovate, repair, or prepare surfaces for painting in pre-1978 rental housing or space rented by child-care facilities must, before beginning work, provide tenants with a copy of EPA's lead hazard information pamphlet Renovate Right: Important Lead Hazard Information for Families, Child Care Providers, and Schools (PDF) (20 pp, 3.3MB). Owners of these rental properties must document compliance with this requirement — EPA's sample pre-renovation disclosure form (PDF) (1 pp, 36K) may be used for this purpose.


After April 22, 2010, property owners who perform these projects in pre-1978 rental housing or space rented by child-care facilities must be certified and follow the lead-safe work practices required by EPA's Renovation, Repair and Remodeling rule. To become certified, property owners must submit an application for firm certification (PDF) (9 pp, 642K) and fee payment to EPA. EPA will begin processing applications on October 22, 2009. The Agency has up to 90 days after receiving a complete request for certification to approve or disapprove the application.

Property owners who perform renovation, repairs, and painting jobs in rental property should also:

  • Take training to learn how to perform lead-safe work practices.
  • Learn the lead laws that apply to you regarding certification and lead-safe work practices beginning in April 2010.
  • Keep records to demonstrate that you and your workers have been trained in lead-safe work practices and that you followed lead-safe work practices on the job. To make record keeping easier, you may use the sample record keeping checklist (PDF) (1 pg, 58K) that EPA has developed to help contractors comply with the renovation record keeping requirements that will take effect in April 2010.
  • Read about how to comply with EPA's rule in the EPA Small Entity Compliance Guide to Renovate Right (PDF) (34 pp, 2.5MB)
  • Read about how to use lead-safe work practices in EPA's Steps to Lead Safe Renovation, Repair and Painting (PDF) (36 pp, 878K)
This compliance guide is intended to: provide an overview of new lead-based paint regulations, explain what portions of the rule matter most to property managers, and offer advice on how to comply with the new rule.

View the 15 minute presentation here:
Lead Paint Renovation Rule Compliance Guide


In the following video FAQ, you'll find the answers to 16 frequently asked questions by property managers about lead-based paint regulation compliance:
Lead Paint Compliance Guide: Property Managers' FAQ


EPA’s Renovation, Repair, and Painting Rule: Responsibilities for Real Estate Professionals Who Manage Property:
View the Slide Show Here


Sources: National Association of Realtors and US Environmental Protection Agency