KS: Dropping Home Values Raise Issues for Local Governments

Kansas Real EstateKansas community governments and the taxpayers who support them are headed for a financial jolt, some recent trends in home sales statewide suggest.

Kansas home sales in September topped year-earlier levels by double digit percentages for a third consecutive month, the Kansas Association of Realtors reports.

September’s 12.2 percent increase was smaller than a similar 24.2 percent increase reported for August and 22.7 percent for July, but that is still encouraging, said Association President Jamie Holt, a Coldwell Banker real estate agent in Wichita.

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