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Tag Archives: Quarterly Newsletter
State of the Market — May 2014
A letter from Joseph A. Horning, President of Shorewest, REALTORS® Throughout the first quarter, Wisconsin and the nation have seen an overall decrease in the number of home sales. This year’s extreme cold during the first quarter clearly held buyers …
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Distressed Property Sales Continue to Fall, Impacting Overall Home Sales
Although national home sales declined by 7% year-over-year, this graph portrays a more accurate picture of the housing market as a whole. It’s important to note why home sales in the $0-$100,000 range have decreased so dramatically — distressed home …
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Home Prices Continue to Gain throughout the United States
Despite the cyclical downturn the housing market experiences during winter, home prices continued to rise in the first quarter, indicating the overall health of the real estate market. The chart shows the Case-Shiller Home Price Index, which measures the 20 …
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Low Inventory Once Again Major Player in Real Estate Market
Little by little, inventory levels are increasing throughout the United States. Although levels are increasing, they are unfortunately not increasing fast enough to meet the demands of the housing market. Year-over-year inventory shown in this graph shows the challenges we …
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Mortgage Rates Remain Historically Affordable, Will Increase Throughout 2014
Although mortgage rates for the 30-year Fixed Rate Mortgage (FRM) continue to climb, historical perspective shows that rates are still relatively low. Home buying in 2014 will remain more affordable than in past decades, but rates will continue to …
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First Quarter Wisconsin Home Sales Down, Prices Continue to Rise
With colder temperatures and serious snowfall continuing into March, home sales dropped for the third consecutive month in Wisconsin, according to the latest statistics released by the Wisconsin REALTORS® Association (WRA). Compared with March 2013, home sales declined 11.3% in …
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My Best Advice to Home Buyers
A Letter from John Inzeo, Vice President, Wisconsin Mortgage Corporation It’s time for the Triple Crown — three annual horse races that showcase the best of the best at the Kentucky Derby, Preakness Stakes and Belmont Stakes. These annual spring …
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Shorewest Reports: One Third of Americans Spend Too Much on Rent
CNNMoney recently reported new data — one out of three Americans now live in an unaffordable housing market, categorized where rent for a three-bedroom home eats up more than 30% of the monthly median income, the traditional benchmark for housing …
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Ask an Agent: the Timeline for Purchasing a Home (Infographic)
Whether you’re a first-time home buyer or someone who has purchased before, the timeline of events can often be confusing. We’re here to help! Our simple infographic outlines the entire process of purchasing a home in seven steps, with a …
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Shorewest Reports: Where are Baby Boomers Set to Retire?
Baby Boomers, the largest segment of homeowners in America, are beginning to retire and will continue to do so over the next 15 years. What does this mean for their homes and the real estate market in general? On the …
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