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Kansas housing market grows hotter

The steady rise in home prices that defined the housing market in 2021 looks to continue steadily into next year across Kansas, according to a new report forecasting the statewide housing market. The Wichita State University Center for Real Estate released its annual Kansas Housing Market Forecast Series report for 2022 Wednesday. The study projects statewide home sales increasing, construction will remain constrained by supply chain issues and home prices will continue to rise. “The supply of homes available for sale remains near historic lows,” Stan Longhofer, director of the WSU Center for Real Estate said in a release. “Although bidding wars may not be as intense as they were earlier this year, it will continue to be a sellers’ market across most market segments.”
Source: The Iola Register

2021-10-07T06:57:43-05:00October 6, 2021|News|
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Lawrence’s municipal services workers petition for election to unionize

Municipal Services and Operations workers are the latest City of Lawrence group to seek unionization with Teamsters Local 696. The union has filed a petition “with overwhelming support,” asking the city to conduct an election for the workers, according to a Wednesday news release from the Teamsters. “We are coming together to improve working conditions and secure better wages. We know that the Teamsters will give us the voice and strength to address the issues that matter most to us,” Dave Osborne, a utilities worker for the city, said in a press release. The MSO department includes three divisions — from the city’s website: infrastructure and maintenance (facilities and structures, street and stormwater maintenance, pavement management, water treatment and distribution, wastewater collection and treatment), engineering (engineering design and technical support, stormwater, utility and traffic engineering), and services (solid waste, water, wastewater, fleet management, and administrative functions).
Source: The Lawrence Times

2021-10-06T23:16:52-05:00October 6, 2021|News|
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Kansas wind energy just turned 20 and now it’s bracing for a quarter-life crisis

The wind farm business in Kansas has hit its awkward adolescence. It’s still growing 20 years in, but unsure what the near future might hold. If it wants to get through those tough years and continue to grow, it needs to find more workers, to figure out what to do with the dated-but-not-obsolete turbines erected two decades ago and to sort out a way to carry all that wind-harvesting muscle beyond the state’s borders. Consider the burly, newest version of wind farming at the Cimarron Bend wind farm south of Dodge City. “We just watch and listen to the towers,” said project supervisor Dewain Pfaff, who’s responsible for keeping about 300 turbines up and running. “If you can hear a noise we want to mitigate those issues as soon as possible.”
Source: KCUR News

2021-10-06T06:55:10-05:00October 6, 2021|News|
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Treasury yields continue to climb, 10-year Treasury yield tops 1.55%

The 10-year U.S. Treasury yield climbed back above 1.56% early on Wednesday, ahead of the release of ADP’s September employment change report due later in the morning. The yield on the benchmark 10-year Treasury note rose 3 basis points to 1.564% at 3:20 a.m. ET. The yield on the 30-year Treasury bond jumped nearly 4 basis points to 2.137%. Yields move inversely to prices and 1 basis point is equal to 0.01%. The 10-year rate topped 1.56% last week, which was its highest point since June, amid inflation and tighter monetary policy concerns.
Source: CNBC – Bonds

2021-10-06T06:53:17-05:00October 6, 2021|News|
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K-State receives $3.4 million to build new core research facility

Kansas State University received a $3.4 million grant from the U.S Department of Health and Human Services to create a new research and biosecurity development lab space. University officials announced the grant Friday. The money comes from the National Institutes of Health and will be used to build up K-State’s laboratory capacity and help the university become “a premier institution in advancing the discovery and development of biosecurity strategies for emerging and zoonotic infectious diseases,” according to a statement from KSU officials. More specifically, the grant will be used to bolster the KSU Biosecurity Research Institute, the National Bio and Agro-Defense Facility (NBAF), and the USDA Arthropod-Borne Animal Diseases Research Unit. Bonnie Rush, dean of the College of Veterinary Medicine, said in a statement Friday that the current labs are isolated from each other and “have limited access, research productivity, and collaboration” between faculty members.
Source: Atchison Globe Now

2021-10-06T00:29:54-05:00October 6, 2021|News|
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Senators Moran, Marshall Announce $750K Grant for Wichita Entrepreneurship Coalition

U.S. Senator Jerry Moran and Roger Marshall announced a $750,000 grant from the U.S. Dept. of Commerce’s Economic Development Administration for Wichita State University and the Wichita Entrepreneurship Coalition. The grant will support the resources needed to recruit, support, and enable regional entrepreneurs, and improve the coalition’s access to technology and startup resources.
Source: Country 101.3 KFDI

2021-10-06T00:27:19-05:00October 6, 2021|News|
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Local governments struggle to hire public sector workers

Some local Kansas governments are operating with 10% of their positions unfilled, making it hard to deliver the services that citizens expect. Across the state, Bureau of Labor Statistics data shows that Kansas has seen a 4.7% drop in the number of public sector workers, which translates into about 12,000 vacant jobs, but some towns are being hit harder. The pandemic has made the situation worse because the competitive labor market has made it hard to replace older employees who decided to retire. And private companies, which are also struggling to hire, have more flexibility in pay and benefits that city governments generally do. In Concordia, city manager Amy Lange said the government is down to the bare minimum needed to perform city functions, but with six positions open — which accounts for 10% of the city’s workforce — workers are stretched thin.
Source: KAKE – News

2021-10-06T00:23:26-05:00October 6, 2021|News|
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From firehouse to concert venue, Kansas fire chief wears multiple hats

A Kansas firefighter is doing much more than protecting his community; he spreads joy through music. Colby Fire Chief Bob McLemore spends the majority of his day answering emergency calls. When he’s not at the firehouse, he is either planning or preparing for Colby’s bluegrass festival, Pickin’ on the Plains, or setting up the sound system for the city’s Picnic in the Park. “I do sound for Picnic in the Park every Wednesday,” said McLemore of the June and July event. Picnic in the Park, put on by the Colby Chamber of Commerce, invites people to enjoy their lunch outside while listening to local musicians. McLemore has been a part of the sound crew for the event for more than 20 years.
Source: KSN-TV

2021-10-06T06:45:38-05:00October 6, 2021|News|
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200 W Douglas Ave, Suite 110
Wichita, KS 67202
(316) 264-3400
info@ransonfinancial.com

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