State of the Market – January 2018

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Horning, Joe 2 head shot smallerA letter from Joseph A. Horning, President of Shorewest, REALTORS®

The beginning of the year is a time to pause and reflect on the success of the 2017 real estate market and look forward to continued growth in 2018. We start the 2018 housing market with a strong foundation as the National Association of REALTORS® reported that, “In the Midwest, existing-home sales are now 6.8 percent above a year ago. The median price in Southeastern Wisconsin was $195,000, up 3.9 percent from a year ago.”

The Wisconsin real estate market experienced strong home sales over the past year, which is especially noteworthy given the ongoing lack of homes for sale to meet buyer demand. It continues as we are seeing more multiple offer situations with some homes selling within days of being put on the market.

In 2018, we expect to see mortgage rates rise along with a continued increase in home prices. If you are considering a move, it is recommended to act sooner rather than later. Working with a Shorewest, REALTOR® who is experienced and getting pre-approved for your financing are still the keys to success in the current market. A Wisconsin Mortgage Corporation Loan Officer can best position you to compete in today’s multiple offer situations.

Through our multiple affiliations, Shorewest can also assist you with all of your real estate needs locally and globally. Using the resources of our family of companies, ranging from mortgage loan consultants and homeowner’s insurance, to property rental and management, we can provide you with everything you need to support your home ownership. Don’t risk your home sale to just any Realtor. Choose a Shorewest, REALTOR®! More tools, more training and more experience add up to why they are the most referred agents.

Over 11,851 families trusted us to fulfill their real estate goals this past year, using our many resources to create a positive real estate transaction. 2017 was a fantastic year for Shorewest, REALTORS®. Thank you for allowing our dedicated team to care for your real estate needs.

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Categories: Quarterly Newsletter, Shorewest News

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