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July 2018 Real Estate Market Report

For the first 6 months of 2018, home sales were only 3.7% lower than the first half of last year, primarily due to having strong sales over the winter months according to the most recent market analysis from the Wisconsin REALTORS® Association (WRA). Their analysis went on to report that the number of home sales were down nearly 12% in June compared to last June, however the median price of homes grew 5.4% over the same time frame. Low inventory of homes on the market has restricted the number of home sales and continues to influence the increase in home...
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8 Ways to Increase Your Home’s Value

Here are 8 terrific ways you can increase your home’s value and make your home more attractive to potential buyers when you decide to sell. Update or create an inviting office area. With more people working remotely, a home office area is becoming more essential for home buyers these days. Update or create an inviting office area with windows and built in shelving.   Add a sun room. A wonderful way to add square footage to your home and bring in more natural lighting is by adding a sunroom. Build it on the back of your house for more privacy....
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How to Save For a Down Payment on a Home

To figure out how much you need to save for a down payment on a home, you first need to determine what you can realistically spend on a house. According to CNN Money, most lenders restrict your mortgage amount in order for your monthly housing payments, including property taxes and insurance, to not surpass 28% of your pre-tax monthly income. Aiming for a lower percentage such as 20% may be better if your income fluctuates. Other expenses as a homeowner to keep in mind are repairs, maintenance, utilities, and even home owner association fees if they apply. The second step...
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Housing Market Report-June 2018

Demand for homes in Wisconsin remained strong in May but the number of home sales fell 5% compared to May 2017 according to the Wisconsin REALTORS® Association’s May 2018 Home Sales Report. In contrast, median home sales prices increased 8% over the same period. The main reason for the drop in home sales and increase in home prices is lack of inventory of homes on the market, which has been a nationwide problem. Metropolitan counties in the state had just over 3.5 months of housing supply in May compared to rural counties which had over 7 months of supply. Typically,...
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