I see the Milwaukee Metro Market still sluggish. Interest rates are still low, but it is still difficult for Buyers to qualify to purchase a home. Prices seem slightly higher, but Closed Sales are still below last year. Days on the market has not changed since 2014. Inventory is low, and does not provide much selection in some markets for some of the qualified Buyers. Spring has Sprung, and the housing market should be starting to move. Let’s hope the Economy in this market continues to improve!<\/p>\n
Monthly Indicators<\/strong><\/p>\n A RESEARCH TOOL PROVIDED BY METRO MLS There has been talk of abundant cold and snow this winter (unless you happen New Listings in the Milwaukee region increased 10.2 percent to 1,942. Pending Metro MLS February 2015 Market Report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" I see the Milwaukee Metro Market still sluggish. Interest rates are still low, but it is still difficult for Buyers to qualify to purchase a home. Prices seem slightly higher, but Closed Sales are still below last year. Days on … Continue reading
\n FOR ACTIVITY IN THE 4-COUNTY MILWAUKEE METROPOLITAN AREA<\/p>\n
\nto live in California!). When weather patterns turn bad, like wicked bad, real
\nestate industry pundits tend to go gloom, assuming that Americans hungry for
\nhomeownership are bothered by a little frozen precipitation. The nation will
\nunfreeze, inventory is expected to rise and home sales are widely expected to
\nincrease. These are good times, indeed, and many of us now have an
\nenchanting shared experience that we can walk uphill to school both ways.<\/p>\n
\nSales were down 33.9 percent to 685. Inventory levels rose 3.7 percent to 6,725
\nunits.
\nPrices continued to gain traction. The Median Sales Price increased 12.3
\npercent to $169,000. Days on Market was up 0.6 percent to 97 days. Buyers felt
\nempowered as Months Supply of Inventory was up 5.7 percent to 5.1 months.
\nIn national financial news, rumors that Fannie Mae and Freddie Mac could one
\nday be a thing of the past have people wondering about the future of the 30-
\nyear fixed-rate mortgage. But let’s not sound the alarm just yet. A drastic
\nchange to lending’s gold standard is certainly not on the immediate horizon.
\nMeanwhile, Federal Reserve Chair Janet Yellen seems to have no immediate
\ninterest in raising interest rates for the first time since 2006. The economy
\nremains stable, which should keep housing rolling through the short-named
\nmonths.<\/p>\n