Although mortgage rates for the 30-year Fixed Rate Mortgage (FRM) hit their all-time lows in September and October 2012, low rates continue, making house buying affordable. The Federal Reserve has been artificially holding rates down to stimulate the economy, and it has been working! The growth we have seen, especially in the last year, shows [...]
Posts Tagged ‘real estate trends’
The State of the Market — May 2013
A letter from Joseph A. Horning, President of Shorewest, REALTORS® Throughout the first quarter, the nation saw growth in home sales and median prices. In Wisconsin, first quarter home sales were up 11% and median prices rose 5% compared with the first quarter of 2012. We are seeing fewer distressed properties, which is one of [...]
Shorewest, REALTORS® Named Wisconsin’s Largest Home Seller in 2012 by Real Trends 500 Report
Shorewest, REALTORS® is pleased to be ranked as Wisconsin’s Largest Home Seller in 2012 by Real Trends 500. Shorewest ranked in the top 50 of the largest brokers in the United States for both closed sales volume and homes sold in 2012. With over 10,700 homes sold in 2012, Shorewest is the only Wisconsin broker [...]
3 Financial Reasons to Buy a Home Now
Adapted from our friends at Keeping Current Matters. 1. Prices are increasing at an accelerated rate. The price of a home is the major consideration when deciding whether or not it makes financial sense to purchase a house. Experts are not only projecting that house values will increase in 2013. They are also more optimistic in the level [...]
February 2013 Home Sales Reports Shows Double-Digit Growth for 20th Consecutive Month
Reports for the last year have continued to show that the housing market is back, and the 2013 February Home Sales Report released today by the Wisconsin REALTORS® Association is no different. February marked the 20th straight month of double-digit growth in sales of existing homes. Sales were up 11.7% compared to February 2012 and [...]
Southeastern Wisconsin Real Estate Market Data (by County)
BROWN COUNTY DODGE COUNTY JEFFERSON COUNTY KENOSHA COUNTY MILWAUKEE COUNTY OZAUKEE COUNTY RACINE COUNTY ROCK COUNTY SHEBOYGAN COUNTY WALWORTH COUNTY WASHINGTON COUNTY WAUKESHA COUNTY
Housing Sales Continued Strong in 4th Quarter
A letter from Joseph A. Horning, President of Shorewest, REALTORS® 2012 was truly a rebound year for the real estate market in Wisconsin. I am proud to present that Shorewest Realtors helped over 10,700 families buy and sell their homes. Throughout the year, the nation saw strong growth in home sales, indicating that buyers are [...]
My Best Advice to Home Buyers
From John Inzeo, Wisconsin Mortgage Corporation Many potential home buyers ask us what the most important first step in acquiring financing for their home purchase. The answer is easy — get an authentic pre-approval! All too often we hear lenders exclaim that they can pre-approve buyers without accessing their credit report. Simply put, this is [...]
2013 – An Even Better Time to Move to your Dream House
Think you missed the boat on owning the house of your dreams after the housing bubble burst in 2006? It turns out that 2013 is an even better time for you to move up to a new home. Since the housing market crash, home values are about 20% less today. Take a look at the [...]
Multigenerational Homes: Real Estate’s Latest Trend is Here to Stay by Shorewest, REALTORS®
2012 statistics now show that 4.4 million American households now live with three or more generations under one roof. An estimated 51.4 million Americans currently live in homes with more than two generations. With the economic downturn, it’s no surprise that more and more families are choosing to consolidate their lifestyles into one home. To keep multiple generations happy in [...]