Archive for the Market Statistics Category

This is probably one of the best written articles that I have read in the last few weeks pertaining to the housing market.  Truly every market is a local market.  Based on what is happening locally surely gives us an idea of what we might expect in the real estate market locally.  The Milwaukee area [...]

Here are the current conditions for the Oak Creek Wisconsin Single Family Home Real Estate Market. There were 64 homes sold during the 3rd quarter of 2009 in the City of Oak Creek, WI. The monthly break down is as follows: . July- 24 homes sold August- 24 homes sold September- 16 homes sold There [...]

Source: cnbc.com Date: 24 September 2009 Link: http://www.cnbc.com/id/33003868 I hate to say “I told you so,” okay, that’s a lie, who doesn’t love to be right? Existing home sales took a U-turn in August after four straight months of gains, and this is exactly what we were afraid of, as inventory at the low end [...]

So there seems to be conflicting news headlines about the state of the housing recovery every day.  Friday in the Journal Sentinel the article on the front page talks about the downsizing of the Parade of Homes this year.  “Three years ago, toward the end of the real estate boom, visitors paraded through 30 homes [...]

Source: cnbc.com Date: 21 August 2009 Link: http://www.cnbc.com/id/32505953 Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest sales pace in nearly two years, an industry survey showed Friday, in a strong sign that housing is pulling out of a three-year slump. Sales in July rose for the fourth straight [...]

By: Paul Gores Date: 21 August 2009 Source: Milwaukee Journal Sentinel Business Section Among the 50 states and the District of Columbia, Wisconsin ranked 36th in delinquencies and 20th in foreclosure starts The delinquency rate for mortgages in Wisconsin jumped in the second quarter, but the state still is faring better than the nation as [...]

This article below is once again spot on with regard to what is selling in our market at least. Look at that chart. Homes priced under 100k are moving swiftly and homes priced under 250k are also selling but not as briskly. It all boils down to price. I have a short sale home in [...]

Date: 13August 2009 Source: cnbc.com Link: http://www.cnbc.com/id/32397338 U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy. Foreclosure activity jumped 7 percent in July from June and 32 percent from a year earlier as one in every 355 [...]

By: Tom Daykin of the Journal Sentinel Posted: 8 August 2009 Source: Business Section Milwaukee Journal Sentinel 9 August 09 Link: http://www.jsonline.com/business/52730452.html Tighter standards make getting condo loans more difficult Justin Bushweiler shopped the Milwaukee condo market for about a year before agreeing to buy a unit at The Edge, a new development on N. [...]

Posted: 6 August 2009 Source: cnnmoney.com By: Les Christie, CNNMoney.com staff writer Link: http://money.cnn.com/2009/08/06/real_estate/underwaterworld/index.htm An estimated 25 million borrowers will owe more than their house is worth by 2011. NEW YORK (CNNMoney.com) — Nearly half the nation’s mortgage borrowers will soon owe more on their mortgages than their homes are worth, according to a new [...]