Lawrence Journal-World 12-26-14

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LAWRENCE Your area real estate

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DECEMBER 26, 2014

Area home sales rise in November

STAFF AND WIRE REPORTS Also, 61 contracts for sale Lawrence home sales rose were written in November by 21.4 percent in Novembe 2014, up r. from 59 in Sales totaled 68 compared November 2013. to 56 sales in November The inventory of active 2013, the Lawrence Board of listings in Lawrence remains Realtors reported. tight — just 323 units at the The average sale price of beginning of November. At existing homes was $191,931, the current rate of sales, down 10.1 percent from the this represents 4.8 months’ November 2013 average price supply. of $213,566. The average “Inventor y has consistently sale price of new homes in been lower than last November was $344,563, up year,� said Susan Bonham, sharply from the same period president of the Lawrence last year. Board of Realtors. “It’s

normal to be at lower levels

during this time of year, but we really do expect that to change after the first of the year.�

months, sales have risen 2.1 percent.

5 percent over the past 12 months to $205,300.

may improve in 2015, though consistent gains have yet to

'PS PWFS :FBST

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L A W R E NC E

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Journal-World The combination of higher home prices and relatively stagnant incomes has The Lawrence market defied reduced affordability and national trends in Novembe restrained r. buying activity. A The National Association recent decline in mortgage of Realtors said this week rates has yet to lure more that sales of existing homes buyers into the market. nationwide fell 6.1 percent to At the same time, fewer a seasonally adjusted annual distressed propertie s and rate of 4.93 million. That bargains, which tend to was down from a revised attract investors, are coming annual pace of 5.26 million onto the market. in October. Over the past 12 Median home prices rose

The Realtors estimate that

emerge.

2014 sales will end up below 2013 levels.

Mortgage rates have fallen sharply in the past few The Realtors have estimated weeks, which should make that 4.94 million existing homes more affordable. The homes will be sold this year, average rate for a 30-year down 3 percent from 5.09 fixed mortgage dropped last million in 2013. Analysts say week to 3.8 percent, from sales of roughly 5.5 million 3.93 percent the previous existing homes are common week. That was the lowest in a healthy real estate level since May 2013. market. The Associated Press There are signs that sales contributed to this report.

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PHOTOS FROM THE 2014 LAWR ENCE FESTIVAL OF TREES

75 cents

LJWorld.com

FRIDAY • DECEMBER 26 • 2014

Merrynice Christto ‘It’s mas be able to do something, give back’ WISHING YOU A

& JOY IN THE NEW YEAR!

YOUR AREA RE A L E S TAT E R E S OURCE.

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Regional power pool helps keep lights on Organization could be key player when Legislature reconvenes next month By Peter Hancock Twitter: @LJWpqhancock

Mike Yoder/Journal-World Photo

MARINA PROFEPI, 9, REACTS AS SHE PICKS UP a hot handful of turkey while preparing meals for delivery at the Community Christmas Dinner on Thursday at First United Methodist Church, 946 Vermont St. In addition to serving a community a meal at the church, another 760 prepared meals were served and delivered to residents on Christmas. Volunteering with Marina at left is her mother, Sienna Leon, of Lawrence.

On Christmas, a community effort By Peter Hancock

W

“

We serve people who are very well off, and we serve people who are homeless, and it’s just a great opportunity alking into the basement for the community to come together.� Twitter: @LJWpqhancock

of First United Methodist Church on Christmas morning is a lot like walking into a rushing river. You’re immediately met by dozens of people walking the other way, carrying cartons packed with turkey, ham, stuffing and all the

— Deb Engstrom, longtime Community Christmas Dinner volunteer trimmings of a traditional ChristIn one room off to the side, about a mas dinner, carrying them to await- half dozen volunteers stand around ing cars and vans to be delivered to Please see EFFORT, page 2A homes throughout Lawrence.

Topeka — Whenever people flip a switch on the wall, they expect the lights to come on. And unless there’s something wrong with the wiring or the light bulb, it almost always does. But what many people don’t realize is that there’s much more involved in getting electricity into that light socket than simply running wires from the local power plant. What makes the light come on even when that power plant is down for maintenance is an organization that most people have never heard of, but one that could play a significant role LEGISLATURE when the Kansas Legislature reconvenes next month and begins debating the state’s energy policy. The Southwest Power Pool, based in Little Rock, Ark., is an organization made up of dozens of utility companies and transmission companies stretching across nine states. Its job is to ensure the reliability of a vast, interconnected power grid 24 hours a day, seven days a week. Established in 1941, its original mission was part of the nation’s World War II effort. It connected 11 regional power companies Please see POWER, page 2A

THE SEASON FOR GIVING BACK

DEVON STUART, 10, a fifthgrader at Wendell Phillips Elementary School in Kansas City, Mo., hands a plastic bag filled with food items to volunteer Claudia Lagerstrom in the basement of the Church of the Resurrection in Leawood earlier this week. Students from Phillips receive weekly food packs themselves and participated in packing food to be used on the weekends by other children who qualify for food donations.

Children help pack food bags for others By Laura Bauer Kansas City Star

Kansas City, Mo. — In the basement of the massive Leawood church, a group of elementary school children walked in and started working an assembly line. A bag in one hand, each

student grabbed a can of food or a pack of crackers with the other. In went the ravioli, the milk, the juice. By the time they hit the end of the line, they had a bag of food that would feed a child over the weekend. Bags just like the ones they Please see BAGS, page 2A

INSIDE

Cloudy, damp Business Classified Comics Deaths

High: 48

Low: 31

Today’s forecast, page 8A

David Eulitt/Kansas City Star

2A 6C-11C 7A 2A

Events listings Horoscope Movies Opinion

8A, 2C Puzzles 12C Sports 5A Television 6A

Join us at Facebook.com/LJWorld and Twitter.com/LJWorld

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Image is everything

Vol.156/No.360 24 pages

Meet Gerald Holland, Kansas University’s new director of marketing communications, who started reshaping KU’s image earlier this month. Page 3A

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