1. January 13, 2011 Dr. Stanley D. Longhofer WSU Center for Real Estate

2.  In 2008, the WSU Center for real estate entered into a partnership with the Kansas Association of Realtors® and most of your local Realtor® or MLS boards to help provide comprehensive statistics and analysis of MLS data across the state

4.  The end of the subprime era (including piggyback loans)  Layoffs and job market turmoil  An explosion of foreclosure activity  Record low mortgage rates (for those who can qualify)  Homebuyer tax credits (times two)

16.  2010 was a tumultuous year  Hard to tell the current in the market with all the ripples  How fast markets recover depends in large part on the rest of the economy

22. 2009 Actual 2010 Forecast 2011 Forecast Total Home Sales 30,650 units -5.8% 29,600 units -3.4% 30,850 units +4.2 Building Permits 3,660 units -21.9% 3,860 units +5.5% 3,910 units +1.3% Home Price Appreciation -0.4%-1.1%+0.2% Sources: Participating Kansas REALTOR® MLS Systems; U.S. Bureau of the Census; Federal Housing Finance Agency; WSU Center for Real Estate

23. Kansas CityLawrenceManhattanTopekaWichita Sales 25,050 units +2.5% 1,430 units +9.2% 620 units +3.3% 2,700 units +1.1% 8,680 units +6.6% Permits 2,100 units +1.9% 220 units +10.0% 190 units -5.0% 310 units +14.8% 1,080 units +0.9% Home Prices -1.3%-0.5%+0.8%-0.5%+1.4% Sources: Heartland MLS; Lawrence Board of REALTORS®; Manhattan Association of REALTORS®; Topeka Area Association of REALTORS®; South Central Kansas MLS; U.S. Bureau of the Census; City of Manhattan; Federal Housing Finance Agency; WSU Center for Real Estate

24. WSU Center for Real Estate