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NAR: Home ownership is profitable in Wichita

A National Association of Realtors study underscores a longtime local theme: Home ownership in Wichita is a can't-lose financial proposition if you hold onto the home for at least five years.

NAR's third annual Metro Area Housing Equity Report shows the first effects of the housing bubble on short-term homeowners, particularly on the coasts, said NAR economist Danielle Hale.

But it also shows that longer-term owners survive any economic blips and still accumulate significant equity in their homes.

In Wichita, equity accumulation is even more significant thanks to steady home price appreciation and the lack of speculators in the market, said Stan Longhofer, director of Wichita State University's Center for Real Estate.

To read more about this story, come back to Kansas.com and see Wednesday's Eagle.

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