Real Estate Sales Surge?
The local newspaper for greater Milwaukee posted an article that said real estate sales “surged” in March. I had several clients call me to ask about it. As my favorite real estate advisor, Steve Harney, states, telling the truth about the market to the public is our duty. Just what is the truth? Waukesha and Milwaukee county sale prices did increase in March, while Washington county saw a decline. Unit sales increased in the metro market. Does this mean that things are looking up for real estate?
Steve Harney addresses this issue in this recent blog post that highlights the 5 keys to a Real Estate Recovery. Please read this article, as his predictions, based on national economic indicators, show a continued decline in sales, with an increase in supply. The silver lining is this: priced properly, homes are selling, and rates, although creeping up a bit, are still better than they’ve been in recent decades. The clincher is this: history shows that when changes in mortgage rates occur, they tend to be fast and dramatic. If you are considering a purchase, now is the time to act! And sellers,don’t make your asking price competitive, make it COMPELLING! Your chance for the greatest profit now, before rates increase further and supply increases, as well.
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Karen Trepton
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