Milwaukee Journal Sentinel (09/11/14) Gores, Paul
A report by the Greater Milwaukee Association of REALTORS? (GMAR) found that sales of existing homes in the Milwaukee metropolitan area fell 2.2 percent in August, continuing a slower year for the local housing market. The report shows 1,821 homes were sold last month, down from 1,862 in August of 2013. GMAR President Mike Ruzicka said residential real estate professionals are not alarmed by the trend of lower sales because other market characteristics are improving. Ruzicka pointed to a lower number of foreclosures and distressed properties and a higher percentage of traditional buyers. Court records show that foreclosure filings in southeastern Wisconsin are down 22.5 percent this year than in the first eight months of 2013.