Wichita Eagle :  Foreclosures continue to fall in Sedgwick County - "The foreclosure situation here is not being driven by problems with exotic mortgages, but more by employment," Longhofer said. "So, it started rising later here and is moderating because the employment situation isn't getting any worse."

Wichita Eagle :  WSU Center for Real Estate offers education, analysis - "I think it's really important for a university with an urban focus like we have, for our research activities to be geared to a practical focus," Longhofer said. "How is this impacting people in our community?"

Wichita Eagle :  Pending Wichita home sales hit a two-year high in January - "I don't think that we need to see some dramatic easing of credit for the market to rebound," Longhofer said. "We've seen some very slow easing of credit, and you don't have the extreme tightness we had a couple of years ago."

Wichita Eagle :  Real estate professor honored - Krumsick has done it all in the commercial real estate industry - more than $1 billion in deals while also becoming one of the nation's foremost commercial real estate instructors.

Wichita Eagle :  Home sales up from 2010 in Wichita market - Analyst Stan Longhofer of Wichita State University said last month that new home sales will remain weak until potential buyers gain confidence in their ability to sell their current homes.

Wichita Business Journal :  Single-family building permits flat in October - "We've just been kind of hovering around bottom," says Stan Longhofer, director of the WSU center. "We think building permits ... are going to bounce around bottom for the next year or so."

Wichita Business Journal :  Weigand's Krumsick honored by commercial real estate award - "We have just a tremendous group of commercial real estate professionals in the area," Longhofer says. Krumsick will receive his award Dec. 8 at the Kansas CCIM Chapter's quarterly luncheon at WSU's Marcus Welcome Center.

Wichita Eagle :  Downtown Wichita on its way up - "When you think about the economic environment during this period, no one should have been surprised to see absolutely nothing happening," said Stan Longhofer, the analyst who directs Wichita State University's Center for Real Estate.

Wichita Business Journal :  Stricter lending challenges buyers of new homes - Lenders, then, sometimes were willing to make a loan on a new home even when the customer's existing home was not sold or under contract, he says. No longer, Jones said during last week's Wichita State University Center for Real Estate housing market forecast.

Wichita Eagle :  Local housing market on slow path to health - "We have a long way to go to say that the market has recovered, but it looks to me like we're heading in the right direction," Longhofer said.

Wichita Business Journal :  Center for Real Estate: Wichita home sales to jump 10 percent in 2012 - The Center for Real Estate at Wichita State University says Wichita home sales will increase 10 percent next year, to 8,130 units. New housing construction is expected to stabilize in 2012 after sharp declines in the past two years.

Wichita Eagle :  Analyst: Wichita area home sales to rise 8.8 percent in 2012 - "Most markets across the state have begun to recover from the hangover that followed the expiration of the homebuyer tax credit last year," Longhofer said.

Wichita Eagle :  Parade of Homes key for sellers of new houses - "Here's the challenge," Longhofer said. "I think there is a pent-up demand for new homes. But most people who buy new homes have to sell their existing homes first. Very few new-home buyers are first-time buyers, or are people who are so affluent they can carry a second house for any period of time."

Wichita Business Journal :  Wichita State University awards first Clark real estate scholarship - The Wichita State University Center for Real Estate has chosen Kianga Coleman as the first recipient of the new Layman L. Clark/Kansas CCIM Chamber Scholarship in Real Estate. The scholarship was established by real estate developer and Wichita State alumnus Steve Clark in honor of his father.

Wichita Business Journal :  WSU to offer property management class - "There was interest in the professional community for a long time to offer a course in property management. One of the challenges with that was trying to find the right person," Longhofer says.

Wichita Eagle :  Has the Wichita housing market hit bottom? - "Once you get past the drop-off last July when the homebuyer tax credits ended, we've really seen almost a year of slow, steady growth when you take away the normal seasonal fluctuations," Longhofer said.

Wichita Eagle :  Wichita area's home foreclosures flat in first half of 2011 - Stan Longhofer, director of the center for Real Estate at Wichita State University, said prices have fallen about 2 percent since late 2008. Not a lot, he said, but enough to push some people with no equity and no job into foreclosure because they can't afford the thousands it takes to sell the house and can't afford to wait weeks or months to sell.

Wichita Business Journal :  Foreclosures rise in Sedgwick County, but lenders, homeowners look for other options - "In Kansas and many parts of the central United States, we really didn't see it when the national crisis happened," he says. "It was when the recession set in; ours was driven by employment losses more than the subprime crisis."

Wichita Eagle :  Local experts see positive signs in April home sales numbers - "What I really like, the thing I find most encouraging, is that factoring in normal seasonal movement, we're now sitting with nine months of movement in the right direction," Stan Longhofer, director of Wichita State's Center for Real Estate, said. "It's the beginnings of a trend."

Wichita Eagle :  'Shadow' sales could revive housing - The recession drove many young adults to "pair up," said Stan Longhofer, director of Wichita State University's Center for Real Estate - move home with their parents or move in with friends. It was a way to save expenses as jobs and money disappeared in the global economic collapse.

Wichita Eagle :  More people go bankrupt in Sedgwick County; fewer lose their homes - Stan Longhofer, director of the Center for Real Estate at Wichita State University, speculates that banks allow delinquent homeowners to stay because they don't want to put the house back on an already oversaturated housing market. So the decline in foreclosures may really be evidence of the rotten real estate market. "At least somebody would still be living there, so the sump pump is still working and nobody is stripping out the copper," he said.

Wichita Business Journal :  New data shows first quarter was dismal for Wichita real estate - The doldrums of the Wichita real estate market have been no secret. But recent numbers show just how far off the market is as it relates to the number of real estate deals actually getting done.

Wichita Eagle :  Northrock 14 to be office space - The market for Class A office space in Wichita is showing signs of life, said Stan Longhofer, director of Wichita State's Center for Real Estate. "Very clearly in the market right now, there's some good product and there's demand for it," he said. "There's average product and there's not a lot of demand for average product."

Wichita Eagle :  Dropping home prices spread to other markets - "Through the homebuyer tax credits and the fallout after that, we've ended up with much higher home inventories than we've had - ever. The pricing pressure that results is certainly favorable to buyers, not sellers," Longhofer said.

Wichita Eagle :  Study: 7.4% of Wichita mortgages under water - Stan Longhofer, director of the Center for Real Estate at Wichita State University, said the Wichita number seems high to him. "I could see that, although I suspect it's actually less," he said. He said that because Kansas home sales prices aren't generally public information, CoreLogic must estimate using a formula.

Wichita Eagle :  Study: Local home prices will start to inch back up - But Stan Longhofer, director of Wichita State's Center for Real Estate, said he's sticking by his forecast of last fall — little or no home appreciation in 2011. "While median prices are true measures of price appreciation over the long term, they're not as correlated over the short term," he said. "My expectation for 2011 is that home prices will be flat to a modest decline."

Wichita Eagle :  Foreclosures unlikely to dip in '11 - If the local recovery is slow, as many predict, Stan Longhofer, director of the Center for Real Estate at Wichita State University, said it could cause trouble. Many of the unemployed and underemployed are spending their savings to keep up house payments. They could exhaust their savings before new jobs open up.

Wichita Business Journal :  Wichita's Steve Clark gets a big award on Thursday - Steve Clark's being honored tomorrow by the Kansas CCIM Chapter and the Wichita State University Center for Real Estate with a Lifetime Achievement Award. It puts Clark in an elite league of real estate developers, investors and brokers in the Air Capital.

Wichita Eagle :  2011 Kansas Housing Markets Forecast - There's no doubt the foreclosure rate is rising in Sedgwick County, but how that rate will affect the community remains to be seen, said Wichita State University professor Stan Longhofer, the Stephen L. Clark Chair of Real Estate and Finance at Wichita State University and director of the Center for Real Estate and the W. Frank Barton School of Business.

LJ World :  2011 Kansas Housing Markets Forecast - The Wichita State University's Center for Real Estate has released its 2011 Kansas Housing Markets Forecast. The Lawrence market is showing signs of improvement.

Wichita Eagle :  Housing starts plunge in Wichita - Housing starts have plummeted to 17-year lows in Wichita, bucking a slight national rebound in September. There were 47 building permits issued in September in the Wichita area, slightly more than half of the 86 issued in September 2009 and the lowest figure recorded since 1993, when the Center for Real Estate at Wichita State University and the Wichita Area Builders Association began totaling permits for the region. "The underlying economy is a big part of it," Longhofer said, "but home sales are down so much because of an unusual sales year." The federal homebuyer tax credits moved buyers toward existing homes, despite historically low interest rates. "It's just rare for a first-timer to buy a new home. It happens, but it's not common," Longhofer said.

Wichita Eagle :  Foreclosures on hold leave some Wichita houses in limbo - The big banks have been unresponsive to people in real need. When a homeowner has been laid off and calls one of these big banks seeking help before they run out of money, they run into a total lack of interest in helping, Ojile said. All they want to know is if you made the payment or filed for bankruptcy. Stan Longhofer, director of the Center for Real Estate at Wichita State University, offered a rebuttal, of sorts. In reality, the banks appear to be guilty mainly of poor record-keeping, he said, rather than - in this instance - abusing homebuyers. Nobody is arguing that the homeowners haven't stopped making payments.

Hutchinson News :  Cooling on horizon for home sales - A forecast for home sales in Kansas released Thursday by the Wichita State University Center for Real Estate predicts sales statewide will grow by about 4.2 percent next year. The positive outlook is based on signs of economic improvement now occurring, as well as continuing low mortgage interest rates. Home prices, meanwhile, are projected to stay essentially flat, rising only about 0.2 percent.

Wichita Eagle :  Kansas may join foreclosure-fraud inquiry - Kansas Attorney General Steve Six is expected to address today whether the state will join the burgeoning mortgage fraud case against some of the nation's financial giants. "Thank God for the local banks who do business carefully," said Gary Walker, residential general manager for J.P. Weigand & Sons. But Stan Longhofer, director of Wichita State's Center for Real Estate, is less certain about the seriousness of the situation in Kansas, a state that does not require a judicial review before a foreclosure begins.

Eyewitness News :  Wichita housing market improving - Sellers like Franklin are finding their home may be on the market a while. This year sales are down about 5.5 percent. Next year is looking better. "It's not going gangbuster, but it seems things have bottomed out and things are going back up," says Stan Longhofer with Wichita State University's Center for Real Estate.

Wichita Business Journal :  Stan Longhofer makes friends at housing presentation - Stan Longhofer stirred one round of applause during his presentation Wednesday as he released his forecast for the Wichita housing market for the next year. Longhofer, director of Wichita State University's Center for Real Estate, projected the local market would begin to rebound next year. Home sales, he said, would increase 6.6 percent during the year.

Wichita Eagle :  Longhofer: Wichita housing market will recover next year - The Wichita housing market will pick up in a substantial way during 2011, according to a forecast released Wednesday morning by Wichita State University's Stan Longhofer. Home sales in the Wichita area will increase by 6.6 percent during 2011, says Longhofer, director of WSU's Center for Real Estate. That comes as home sales so far this year are off by nearly 3 percent from 2009.

Wichita Eagle :  Foreclosures in county see another drop - Sedgwick County home foreclosures dropped in the third quarter from the first two quarters of the year. The Sedgwick County Sheriff's Department scheduled 838 foreclosures during July, August and September, down from 1,114 in the first quarter and 944 in the second quarter. Foreclosures, Longhofer said, generally happen when a homeowner has little equity in the home, such as buying with a zero-percent-down mortgage, followed by an income shock, such as a job loss or big medical bill. As time wears on from the heavy layoffs in the spring of 2009, the number of new people entering foreclosure would tend to fall, he said.

Wichita Eagle :  Housing is forecast to rebound next year - Wichita area home sales will rebound in 2011 after the effect of the homebuyer tax credits wears off, according to the 2011 Kansas Housing Markets Forecast released today by the Center for Real Estate at Wichita State University. Local sales will rise by 6.6 percent in 2011, while new home construction activity will remain relatively flat, rising by 0.9 percent, said Stan Longhofer, director of the Center for Real Estate.

Wichita Eagle :  Tax credits will skew housing market comparisons - Comparing Wichita's monthly housing sales year-over-year just went out the window, according to analysts Wednesday who presented the state's 2011 housing forecast. Skewed by federal homebuyer tax credits, Wichita's housing market performance won't be easily measured over the next year, said Stan Longhofer, director of Wichita State's Center for Real Estate.

Wichita Business Journal :  Hawker's uncertain future in Wichita has economic forecasters looking at multiple scenarios - The news that Hawker Beechcraft Corp. may move all, or part of its operations out of state has local economic forecasters looking at a variety of what-if scenarios. This week, Wichita State University's Center for Real Estate and Center for Economic Development and Business Research will be presenting their forecasts for the local housing market and general economy, respectively. Longhofer says the forecast doesn't include projections of how Hawker leaving Wichita would affect the local housing market. "The nature of any forecast is you make it with the information you have at hand at the time," Longhofer says.