We are in the midst of a great fall selling season and national real estate trade organizations are making predictions for 2017. We’re liking how they look! This news should be motivation for both buyers and sellers to get active if a move is in their future. Currently, most Wisconsin markets favor the seller with buyer’s competing over homes, driving prices up. However, despite the competitive market, home buyers who act before interest rates go up any more will get a great long-term rate on their mortgage. A potentially higher purchase price, lower mortgage rate… but that rate will have huge, long-term savings.
From the REALTORMag blog: A huge wave of Generation Yers, who have delayed home buying, are emerging into their key buying years. They are predicted to keep home sales and condo sales strong well into 2020, according to economists.
Meanwhile, new-home construction starts likely will tick up to about 1.5 million per year to 2024, predicts Forisk Research.
Home builders likely will continue to be more subdued, despite calls for more inventory.
So the message is: Get active now if a move is in your future. We can help you buy or sell and also offer buyer representation. We’re looking forward to a busy fall and a strong 2017 for Wisconsin real estate.
First Weber sells real estate throughout Wisconsin:Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Southwestern WI, Central Wisconsin, Western Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com