First Weber Group REALTORS®: Wisconsin Real Estate

According to an article in the Wall Street Journal online "The Housing Crisis is over"

Written by Cyril Moulle-Berteaux, the article states despite the gloomy headlines in traditional media, April 2008 was the likely the bottom of the U.S housing market.  Reaching the bottom doesn't mean by next year we will be seeing double digit increases in prices, but at least things will no longer be getting worse.

Well, that is something.  We'll take it!  But of course it is not that simple.

Mr. Moulle-Berteaux, a managing partner with Traxis Partners LP which is a hegde fund firm in New York also stated "We are of course experiencing a housing bust, with serious consequences that are still unfolding. The odds are the reverberations will lead to subtend growth for a couple of years. Nonetheless, housing led us into this credit crisis and this recession. It is likely to lead us out. And that process is underway right now."

PMI Mortgage Insurance Company recently published a report called United States Market Risk Index.  In it, the 50 largest metro areas (MSAs) across the country are given a US Market Risk Index score which predicts the probability that house prices will be lower in 2 years than they are at the time of the report.  The worst markets, including Las Vegas and Phoenix, have a Risk rank of 1, or High.  Their PMI US Market Risk indexes (percentage of probability that prices would be lower two years from now) were 91.9% and 84.0% respectively

Milwaukee/Waukesha/West Allis Metropolitain Statistical area (the only statistical area in Wisconsin tracked in this report) received a risk rank score of 5 = Minimal risk. 

The PMI US Market Risk Index for this area was just 1.5%.  In other words, according to this report, there is less than 2% chance for price declines in Milwaukee/Waukesha/West Allis MSA the next 2 years.

That's the best news I have heard in a long time and hopefully the last piece of the puzzle for any buyer wondering if buying real estate in Wisconsin is a good idea.  To move ahead, please contact First Weber Group, we sell real estate all over Wisconsin and can help.

CnnMoney.com and Fortune Small Business have rated the top 100 places in the country to "Live and Launch" a business.  Two cities in Wisconsin made the list and they are...........................

#46 Madison, Wisconsin

#71 Brookfield, Wisconsin

Not bad!  More businesses equal higher tax base and potentialy lower property taxes.  And being on lists like these, of which there are many variations, adds the the attractiveness of our Wisconsin Communities.

As posted a while back on this blog, Milwaukee was listed as a top place to live by AARP if you are over 50 and Middleton, Wisconsin was voted #1 place to live by Money Magazine in July of 2007.

Every state has it's share of bad news in the national press, which includes Wisconsin, so it is kind of nice to get a pat on the back everyonce in a while!