Milwaukee, Waukesha and West Allis Wisconsin were ranked number 10 in the Most Improved U.S. Housing Markets for 2010, according to Bloomberg Businessweek.
A positive trend has been occurring in the housing market since 2009. A great amount of closings can be credited to the Home-Buyer Tax Credit in early 2010.
Metro MLS statistics show that home sales have increased in May by 14.7% in Milwaukee County and 44.2% in Waukesha County compared with May 2009.
The ranking was based on the following stats:
- Q1 Home price index: 0.1 percent
- Q1 Foreclosure rate (YOY change): 2.3 percent (up 25.4 percent)
- Q1 90+ day delinquency rate (YOY change): 6.1 percent (up 32.7 percent)
- April 2010 unemployment rate: 8.5 percent
Recent news about increased sales overall and low interest rates show signs of improvement throughout Wisconsin.
Categories: Real Estate News