Existing home sales declined 19.2% July 2021 to July 2022. The inventory problem continued to put strong upward pressure on home prices, as the median price rose 11.3% to $279,000 over that same period. The reason?? It’s a little of everything: not enough homes for sale, rising mortgage rates, and the economy as a whole. A […]
Fun credit card fact: According to the Guinness World Records, Walter Cavanagh of Santa Clara, California, has largest collection of valid credit cards that is recognized. He has amassed a 1,497 credit cards. While you don’t need THAT MANY, you should ALWAYS have a couple in good standing – but just HOW many? Simple answer: […]
Fast facts and stats on the housing market in the state of Wisconsin for the month of June 2022 Still a major lack of houses for sale! Declining inventories continued to hinder sales while driving home prices higher. Existing home sales fell 11.1% in June 2022 compared to June 2021, and the median home sale […]
Credit scores are a major factor in your financial well-being. By keeping your credit score as high as possible it opens you to a better mortgage rate among other things. Whether you’re thinking about buying your first home or your next home, use these credit score tactics to keep you and your credit score protected. […]
My oh my, I’ve had such an influx with demand for new construction condos in Brown County, WI. More and more home buyers are purchasing a condo to be their summertime or part time home. At least that has been my experience! Growing up in Florida we called these people snow birds, and I believe […]
Fast facts and stats on the housing market in the state of Wisconsin for the month of May 2022 Home inventories continued to tighten with only 2.6 months of available supply in May. For a stable housing market it would be 6 months of available homes for sale. That means we are still in a […]
Fast facts and stats on the housing market in the state of Wisconsin for the month of April 2022! Home sales in general have fallen from last year April. This is due to LACK OF INVENTORY, as in, not enough homes for sale! Home sales fell 14.8% between April 2021 and April 2022, whereas the […]
I’ve noticed that this past year, the condo home buying market has really increased. I’ve had more home buyers leaning towards condos instead of single family homes. And it’s not just me that’s taken notice. Other Green Bay Realtor and De Pere Realtor friends of mine have noticed too. In fact, across the US condos […]
Okay so read this statement: Total number of houses for sale/listings in January 2022 fell 14.6% from their levels a year earlier. This in turn drives months of supply down to just 1.9 months for January. It has been six years since the January supply of homes was at the six-month mark or higher. What […]
According to Dave Clark, Marquette University Economist and WRA Consultant: “Annual inflation rates continue to rise, with headline inflation increasing to an annual rate of 7.5% in January. Ongoing supply chain problems and labor shortages combined with spikes in energy prices has the Federal Reserve on alert. To keep the economy from further overheating, the […]