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… Read More

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…. Read More

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… Read More

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,… Read More

5 DIY Projects to Prep Your Home to Sell

Instead of focusing on major renovations that are expensive and time consuming, consider taking on a few inexpensive projects to make your home more appealing to potential buyers and help you sell. Improve Storage Space: Buyers will be interested in checking out the storage options in a home. Ways to make storage spaces appear larger include: Empty out half of your closets and add a closet organizer Remove junk in the garage and crawl spaces Add organizers in your cabinets Improve bathroom storage by adding additional cabinets or over-the-toilet storage Fresh Paint: A fresh coat of paint can easily make… Read More

Housing Market Report-May 2018

The healthy economy continues to invigorate Wisconsin’s housing market as buyer demand remains strong, motivating home prices to persistently increase. According to the Wisconsin REALTORS® Association’s April Home Sales Report, median prices in the state have increased 5.9% in the last 12 months, pushing up the median home sales price to $180,000. The low level of homes for sale is also a major contributing factor to the surge in home prices. Comparing April 2018 to last April, the level of homes for sale were 19% lower and new listings were 14% lower. As a result, it left only 4.2 months… Read More

Housing Market Report-April 2018

For the first quarter of 2018, real estate sales in Wisconsin were up 2.1% and median prices were up 6.3% compared to the first quarter of last year according to the Wisconsin REALTORS® Association’s (WRA) recent analysis of the current housing market. Lack of homes for sale is the leading contributor for the increase in sales prices. The WRA reported that there was only 3.1 months of available supply in urbanized metro areas of Wisconsin, making for a very strong seller’s market in these particular parts of the state. Over the last year, home prices increased nearly 3 times the rate… Read More

4 Pricing Myths Every Seller Should Know

Myth #1: Pricing your property high equals a high return The potential revenue may be alluring but a buyer’s agent will likely know when a property is overpriced. Overpriced properties have a greater chance to sit on the market longer and can lead to future problems as Myth #2 describes. Listing at an appropriate price can lead to a quicker and easier sale which is especially beneficial if you’re purchasing a new home. Myth #2: It’s no big deal to lower the price later on an overpriced home Homes that stick around on the market and/or have had multiple price… Read More

Freshen up and get ready for Spring

Finally! Spring has arrived in Wisconsin You may have heard Harley riders revving their engines, seen your first robin, and smell your neighbors grilling again. Now it’s time to spruce up your home and yard for the season. Here are some reminders and great ideas to freshen up and get ready for Spring. Retire the fireplace: Add interest to the dark space by adding a candle set. For a rustic look, stack wood logs cut side out. Lighten up: Swap out your heavy bedding and dark colors to lighter options Revive your exterior: Wash or add a fresh coat of paint… Read More

The Housing Market in 2018 – So Far So Good

The housing market in southeast Wisconsin continues to look good in 2018. The driving forces in today’s market are solid buyer demand, limited inventory and first timers ready to buy. According to recent housing statistics published by the Wisconsin REALTORS® Association (WRA), the number of home sales between December 2017 and February 2018 was 15.8% higher than just 5 years ago. They went on to report that this winter had record high sales since they re calibrated their data system in 2005. Home sales in January grew 3.5% and the median home sales price increased 4.9% compared to January 2017…. Read More