The Wisconsin REALTORS Association (WRA) reports that statewide home sales increased 5.8 percent in this year’s third quarter compared to the same period a year earlier. It marked the first increase since the recession began in late 2007. Sales climbed 9.4 percent in Milwaukee County and 6.8 percent for the four-county Milwaukee metro area as a whole. WRA Chairman John Flor remarks, “We are finally seeing signs of recovery in the housing market.” Driving the trend, Flor noted, were low mortgage rates and the U.S. government’s $8,000 tax credit for first-time buyers. Capitol Hill lawmakers recently voted in favor of extending the credit through April 2010 and expanding it to include all buyers — a measure WRA officials said would benefit not just home sellers and buyers, but the economy as a whole. While Wisconsin home sales climbed in this year’s July-through-September stretch, the median home price in the state decreased 6.3 percent to $148,000 from the third quarter of 2008. WRA President William Malkasian reasons, “Over the past year we’ve seen a shift from higher priced homes to lower priced homes, so the median price naturally falls.”
- Recent Posts
- Tag CloudHUD commercial opportunity saukville menomonee falls wisconsin realtor houses for sale first time buyers milwaukee metro area Milwaukee home search Wisconsin real estate professionals mortgage rates land for sale homes for sale WI home sellers housing market wra tax credit wisconsin realtors association open houses housing
-
About Us
- Property Owners Network was started by Real Estate Professional, Margaret Krohn to fill the void between expensive real estate agents and lack of help that For Sale by Owners receive. Property Owners Network offers different levels of service at different price points. Whether you're looking for homes for sale in Port Washington or want to sell a condo in Mequon, Property Owners Network is there for you.
