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May 2019 Home Sales Report

Statewide, the median home sales price in May increased over 9% compared to the respective month last year, according to the most recent analysis of the existing home market by the Wisconsin REALTORS® Association. Comparing the same two months, the number of home sales increased just over 3%. Price appreciation for homes has been well above the rate of inflation due to low inventory of homes for sale and demand pressure continuing to build. Affordability has declined but would have much more if mortgage rates did not also drop about a half percent over the last twelve months according to WRA...
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Advantages of buying a home versus renting

Home ownership may be more affordable and rewarding than you think! There are many advantages to buying a home and can be a better financial decision in the long run compared to renting. Here are some common advantages when you buy a home. Build equity and credit. When you buy a home, a primary financial benefit is that you are able to build equity and your credit. You can build equity in two ways: when the property value increases and when the amount of debt you owe on your home decreases. Besides home improvements and routine maintenance, property values can...
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13 Kid-friendly things to do this summer in the La...

Oconomowoc and the Lake Country Area is a great place to be during summer. Here is a list of kid friendly activities and community events taking place throughout the summer season. Please make sure to visit the corresponding business or organizations’ websites that are hosting an event to confirm and view event details.   Visit Dirty Kettle at Concord General Store.  Dirty Kettle, a fur-trading, mountain man will be at Concord General Store 4 weekends this summer to showcase the ways and traditions of the Plains Indians and Mountain Men of the 1800’s. Visit his 16’ teepee and other items to transport...
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Home Sales Decline and Prices Grow as April Invent...

The low inventory of homes for sale continued to suppress the number of home sales and put upward pressure on home prices across Wisconsin. Comparing the number of home sales in April to the respective month last year, home sales were down nearly 10% statewide according to the Wisconsin REALTORS® Association’s most recent home sales report. In Waukesha County, home sales for the first four months of the year slightly trailed behind the number of sales during the same period last year but median home sale prices increased over 6%. There were more new listings this April, but the total number of...
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