The housing market has truly rebounded in the past few years, with more families looking to buy and sell their homes since the housing bubble burst. At Shorewest, REALTORS®, we’re seeing record growth and sales this year and are excited to celebrate the successes of our offices. Shorewest’s Lake Geneva Office located at 623 Main [...]
Posts Tagged ‘Shorewest Realtors’
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
Join Shorewest for our Free Career Seminar — June 1, 2013
Interested in becoming part of the happiest profession in the United States? CareerBliss.com recently ranked the happiest jobs of 2013, with real estate agents coming in at number one. “Real estate agents have definitely weathered quite a financial storm over the past few years,” says CEO and co-founder of CareerBliss Heidi Golledge. The market has improved, inventory [...]
Mortgage Rates Remain Affordable, but Should Increase by the End of 2013
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 [...]
Low Inventory Continues to Hold Up Homebuyers
Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) says that home sales are “stuck” this spring due to the limited number of homes available to buy. Though the spring market usually brings a larger supply of homes to market, this year does not reflect that common pattern. The current supply of homes [...]
Foreclosure Rates Fall to 1.9% in Southeastern Wisconsin, Down Nationally
Foreclosure rates continue to decline in southeastern Wisconsin, reaching a new low of 1.93% in February for the Milwaukee region. According to CoreLogic, this is down .7 points from the same month year-over-year. This local foreclosure rate is higher than Wisconsin’s average rate of 1.65% but it is still lower than the overall national rate [...]
Shorewest, REALTORS® and Wisconsin Mortgage Corporation Show Impressive Growth
Shorewest, REALTORS® All data shown above reflects January 1-March 31 of that year. Shorewest, REALTORS®, Wisconsin’s Largest Home Seller™ since 1951, continued to grow in the first quarter of 2013. From January 1-March 31 of 2013, Shorewest reported closed sales of 2,051 units and over $396 million. Compared with the same period in 2012, sales [...]
Home Prices Post Biggest National Gain Since 2006
The S&P Case-Shiller index showed the biggest year-over-year gains in prices since 2006. The index measures the 20 largest markets in the nation each January and has posted the change in home prices each year above. Since the housing bubble burst in January of 2006, home prices have continued to decrease, with the lowest rates [...]
Market Analysts Revise 2013 Projections — The Housing Market is Stronger than Anticipated
Analysts recorded their future price projections at the end of 2012, and with increases ranging from 2% to 5.3%. Each analyst has since upgraded their price projections based on the first quarter, with the lowest gains at 4.2%. With an average growth of 2.89%, the analysts agree — the market is accelerating faster than they [...]
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 [...]