Milwaukee Real Estate Blog - SE Wisconsin Real Estate - Franklin, Oak Creek, Greenfield, Greendale, Muskego, New Berlin
Milwaukee, WI
I was talking to my mortgage broker Kevin McSwain from Quest Home Loan Center and he said that while interest rates are lower, most people will not qualify for the lowest of rates unless they are 80% loan to value or better and have credit scores above 750. Another factor is the amount of money [...]
The number of Condominium’s sold in Milwaukee and Waukesha Counties was fairly flat over January numbers.
28 Condominiums sold in the City of Milwaukee in February 2009
1 for under $49,999
5 between $50,000-$99,999
7 between $100,000-$149,999
4 between $150,000-$199,999
6 between $200,000-$299,999
3 between $300,000-$399,999
2 for more than $400,000
36 Condominiums sold in the balance of Milwaukee County in February 2009
4 for [...]
February Single Family Home Statics are an improvement over January but leave a lot to be desired. I would expect that with the new home buyer stimulus plan coupled with the low interest rates that we will see the numbers get progressively better this year. The only thing that is keeping this all in check [...]
There has been a lot of negative news coming out of Greenfield with the breaking story this weekend about a swim coach that worked in several SE Wisconsin communities. I just wanted to reflect and take a minute to say that during my high school years I spent 3 years swimming for the Whitnall Boys [...]
Sales activity remains slow, but plunging prices draw in first-time buyers
WASHINGTON – Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties. Economists said sales, while still extremely slow, may finally be [...]
Source: Milwaukee Journal Sentinel Real Estate Section 22 March 2009
Mortgages slip to near-record lows
Fed action may push them down further
Washington -Rates on 30-year mortgages fell last week to the lowest level since January, and my fall further after the Federal Reserve launched a new effort to prop up the weak housing market. Mortgage finance giant [...]
By: Jeff Cox, CNBC.com
Originally Posted 20 March 2000 CNBC website
Link: http://www.cnbc.com/id/29779920/
Get ready for a Spring housing boom.
A combination of lower interest rates and government efforts to free up credit could result in a flood of homes being put up for sale in the coming weeks. “We’re seeing a lot of activity with (sellers) [...]
By: Diana Olick
Originally posted 19 March 2009 on cnbc website
link: http://www.cnbc.com/id/29778045/
As you might expect, the announcement that the Federal Reserve would buy $750 billion more of Fannie and Freddie mortgage backed securities sent mortgage rates lower immediately. Zillow Mortgage Marketplace reports that overnight rates fell well over a quarter percentage point. But there is [...]
It truly is a Buyers market in real estate today. One of the goals I have with this blog is to highlight properties that I think represent great deals. The highlighted home today is in Franklin. Those that are from the SE Wisconsin area know how great this community is. I never thought that I [...]
Source: Milwaukee Journal Sentinel Real Estate Section 15 March 2009
Job numbers push mortgage rates down
30-year fixed home loan drops to 5.03%
Associated Press McLean, VA. – Rates on 30-year-fixed mortgages declined last week amid report of a weakening job market and easing concerns over inflation, Freddie Mac said. The average rate on a 30-year fixed mortgage [...]
