Today in Real Estate

Today in Real Estate is a page dedicated to giving the public updates on current Real Estate issues and market conditions. These reports are generated from the Metro MLS, who covers all of south eastern Wisconsin. For some reason they seem to concentrate on Milwaukee in their reports. Which is normally the largest market in Wisconsin, but lately has not represented the what is happening today in Real Estate in other parts of Wisconsin. I guess when you get stuck in a habit, it is hard to get out of it. I wish they had more news about what is happening today in Real Estate in other parts of the state like Sheboygan, Plymouth, Fond du Lac, Green Bay, and West Bend. But we have to take what we are given with a grain of salt. I will make mention of what I see in local markets, and of course, when it comes time for you to buy or sell any Real Estate, I will generate a personal report for you in your local area. That is the only way to do business.

Thanks to the Metro MLS for their reports. I am paying for these, so I may as well share them. I will also post reports from the WRA, Wisconsin Realors© Association, and other local offices when they are available.

If you have any questions, feel free to give me a call, or send me a message. If you want to find out what your house and property is worth in the market today, you can call, or send a message on my form page.

 

 

This is the BEST market update video I have seen. You have to watch this one. Make this kid famous. Share this. 

 

MARKET REPORTS: August 2018

Rising home prices, higher interest rates and increased building material costs have pressured housing affordability to a ten-year low, according to the National Association of Home Builders. Keen market observers have been watching this situation take shape for quite some time. Nationally, median household income has risen 2.6% in the last 12 months, while home prices are up 6.0%. That kind of gap will eventually create fewer sales due to affordability concerns, which is happening in several markets, especially in the middle to high-middle price ranges.
New Listings in the Milwaukee region decreased 3.5 percent to 2,345. Pending Sales were down 61.0 percent to 703. Inventory levels fell 1.0 percent to 5,152 units.

Prices continued to gain traction. The Median Sales Price increased 4.7 percent to $225,000. Days on Market was down 23.8 percent to 32 days. Buyers felt empowered as Months Supply of Inventory was up 6.3 percent to 3.4 months.

While some are starting to look for recessionary signs like fewer sales, dropping prices and even foreclosures, others are taking a more cautious and research based approached to their predictions. The fact remains that the trends do not yet support a dramatic shift away from what has been experienced over the last several years. Housing starts are performing admirably if not excitingly, prices are still inching upward, supply remains low and consumers are optimistic. The U.S. economy is under scrutiny but certainly not deteriorating.
All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by 10K Research and Marketing. You can follow this link:  Metro MLS Market Updates  or visit www.metromls.com.
The views and opinions expressed in this article are those of the authors and should reflect only on trends that affect the economics of real estate.
Please contact your respective MLS with any questions. You may also follow our updates at  http://twitter.com/metromls.  Metro MLS members can call the Help Desk at 414-778-5450 or email  support@metromls.com
All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by 10K Research and Marketing. You can follow this link:  Metro MLS Market Updates  or visit www.metromls.com.
The views and opinions expressed in this article are those of the authors and should reflect only on trends that affect the economics of real estate.
All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by 10K Research and Marketing. You can follow this link:  Metro MLS Market Updates  or visit www.metromls.com.
The views and opinions expressed in this article are those of the authors and should reflect only on trends that affect the economics of real estate.
Please contact your respective MLS with any questions. You may also follow our updates at  http://twitter.com/metromls.  Metro MLS members can call the Help Desk at 414-778-5450 or email  support@metromls.com
All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by 10K Research and Marketing. You can follow this link:  Metro MLS Market Updates  or visit www.metromls.com.
The views and opinions expressed in this article are those of the authors and should reflect only on trends that affect the economics of real estate.

 

WRA Legislative Success Update
Homeowners Bill of Rights: The Legislature’s Response to Anti-property Rights Cases

After court decisions threatened property rights, Wisconsin lawmakers introduced the “Homeowners Bill of Rights” legislation designed to protect the rights of property owners to use and develop their property.