Across the state home sales and median sale prices surged: Home sales are the highest they have been in more than 10 years. As a whole, Wisconsin home sales are up 6.9% over last September and median prices are up almost 8%. Demand exceeds supply of homes As in months past, sales would have been […]
Equity regained with rising home prices. 91% of mortgaged properties across the nation have now regained equity. And, 76% of households have significant equity – defined as more than 20%. (Source CoreLogic) “We see home prices rising another 5% in th ecoming year based on the latest projected national CoreLogic Price Incex. Assuming this growth […]
Here’s a look at sales by County in the Milwaukee area (source Metro MLS and GMAR) Milwaukee County home sales 1113 Milwaukee County homes sold this month compared to last August’s 1098. An increase of 11.7%. Waukesha County home sales 628 Waukesha County homes sold this month compared to last August’s 591. An […]
Although home sales were down 7.6% from last July, we recognize 2 things: Last July was an extremely strong month for sales and low inventory is most likely the cause. Buyers are still in fierce competition for homes in the lower to mid price ranges where multiple offers are being seen and sales are happening […]
Equity regained with rising home prices. 92% of mortgaged properties across the nation have now regained equity and home equity has increased year over year by $762 billion over the past year. (Source CoreLogic) “More than 1 million homeowners have escaped the negative equity trap over the past year. We expect this positive trend to […]