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. 

Top News
Reference Bureau Report on Cryptocurrency

The Wisconsin Legislative Reference Bureau has released a new report on Cryptocurrency and Blockchain. Cryptocurrency is one subgroup of digital currency that is math based and collected through blockchain, a type of data structure that connects computers. There are several types of digital currency. According to the report, “Most of the federal regulator activity has been on cryptocurrency rather than block-chain technology. Digital currencies, especially cryptocurrencies, do not fit comfortably within any existing statutory definition — it is neither money nor currency, but instead a digital representation of value issued by private developers and denominated in their own unit of account.”

In 2015, virtual currencies were determined to be “commodities” and therefore on the Commodity Futures Trading Commission. The IRS has determined that virtual currencies should be treated as “property” under United States tax law. As of yet, Congress has not regulated cryptocurrencies and blockchain technology under the commerce clause, meaning the states are free to enforce their own legislation. Sixteen states have enacted legislation related to virtual currency. New York was the first state to enact regulation by creating a BitLicense Regulatory Framework requiring a license to transact business for the cryptocurrency market. Nine states have passed laws referring to blockchain technology.

Read the “Cryptocurrency and Blockchain: Background and Regulatory Approaches” report at: www.thewheelerreport.com/wheeler_docs/files/0913lrb.pdf.

MARKET REPORTS: September 2018
Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry. Although residential real estate should continue along a mostly positive line for the rest of the year, rising prices and interest rates coupled with salary stagnation and a generational trend toward home purchase delay or even disinterest could create an environment of declining sales.
New Listings in the Milwaukee region decreased 7.4 percent to 1,887. Pending Sales were down 63.1 percent to 578. Inventory levels fell 3.3 percent to 4,964 units.

Prices continued to gain traction. The Median Sales Price increased 10.2
percent to $223,000. Days on Market was down 25.6 percent to 32 days.
Buyers felt empowered as Months Supply of Inventory was up 6.5 percent to 3.3 months.

Tracking reputable news sources for housing market predictions makes good sense, as does observing trends based on meaningful statistics. By the numbers, we continue to see pockets of unprecedented price heights combined with low days on market and an economic backdrop conducive to consistent demand. We were reminded by Hurricane Florence of how quickly a situation can change. Rather than dwelling on predictions of a somber future, it is worth the effort to manage the fundamentals that will lead to an ongoing display of healthy balance.
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.