2014 (15)

Welcome-to-Wisconsin-300x225.jpg?width=300Housing Market Ends Strong in 2014

The Wisconsin housing statistics are in for this December of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

~~~~~
The housing market ended 2014 on a strong note with both existing home sales and median prices higher in December, according to the most recent analysis of the state’s housing market by the Wisconsin REALTORS® Association (WRA). Home sales in December rose by 2.1 percent compared to December 2013, and median prices rose 4.3 percent to $145,000 over that same time frame. For the year, home sales in 2014 were slightly below a very strong 2013 market, down just 1.5 percent; but prices were higher in 2014, up 3.1 percent to an annual statewide median of $148,000.

Despite a slow start due to harsh winter weather early in the year, 2014 rebounded nicely and ended with an excellent December and a very good final quarter of the year,” said Dan Kruse, chairman of WRA board of directors. Kruse noted the fourth quarter of 2014 was the strongest since 2005.
~~~~~

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County's home prices increased significantly. On a year over year basis, Dane County's total number of homes sold was up while Rock County home sales slipped.


Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.

Wisconsin Short Sales


Housing Statistics for the State of Wisconsin:

December 2014
Home Sales: 4,778
Median Home Price: $145,000

December 2013
Home Sales: 4,663

Median Home Price: $139,000

Housing Statistics for Dane County, WI:

December 2014
Home Sales: 466

Median Home Price: $220,170

December 2013
Home Sales: 442

Median Home Price: $202,250

Housing Statistics for Rock County, WI:

December 2014
Home Sales: 131

Median Home Price: $116,250

December 2013
Home Sales: 147

Median Home Price: $110,000

View my report from last month. Wisconsin November 2014 Housing Statistics

Read more…

Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for this November of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

~~~~~
Existing home sales in Wisconsin fell in November compared to the same month last year, but home prices increased over the same period, according to the most recently released analysis of the state’s housing market by the Wisconsin REALTORS® Association (WRA). Existing home sales in November were down 6 percent whereas median prices rose 6.6 percent to $145,000 between November 2013 and November 2014.
The last couple of months have been a bit of a roller coaster in terms of sales,” said Dan Kruse, chairman of WRA board of directors. “October sales were up over last year but sales in November were down” Kruse said. Comparing year-over-year sales for the two months, October sales rose 658 units compared to October 2013 while November sales declined 288 units relative to November 2013. “Putting these numbers into perspective, our housing market remains strong in Wisconsin,” Kruse said. “We had the strongest September to November sales period since 2006, before the Great Recession began
~~~~~

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County's home prices increased significantly. On a year over year basis, Dane County's total number of homes sold was up while Rock County home sales slipped.


Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.

Wisconsin Short Sales


Housing Statistics for the State of Wisconsin:

November 2014
Home Sales: 4,542
Median Home Price: $145,000

November 2013
Home Sales: 4,807

Median Home Price: $136,000

Housing Statistics for Dane County, WI:

November 2014
Home Sales: 431

Median Home Price: $225,000

November 2013
Home Sales: 425

Median Home Price: $210,000

Housing Statistics for Rock County, WI:

November 2014
Home Sales: 131

Median Home Price: $113,000

November 2013
Home Sales: 147

Median Home Price: $108,000

View my report from last month. Wisconsin October 2014 Housing Statistics

Read more…

Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for October of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

~~~~~
Wisconsin’s home sales rose significantly in the month of October, and median prices continued growing at a solid rate, according to a recently released analysis of the state’s housing market by the Wisconsin REALTORS® Association (WRA). 
Existing home sales in October 2014 were 9.6 percent higher than October 2013 while median prices were up 4.2 percent over that same period, growing to $148,000. This was a strong bounce in home sales in a month where sales activity is typically winding down as we approach winter,” said Dan Kruse, chairman of WRA board of directors. “In fact, this is the strongest October sales we have seen since 2005 when the WRA began using the current data collection system.” Kruse said. Median prices continued to rise statewide in October, growing at a 4.2 percent annual pace. On a year-to-date basis, home prices in Wisconsin were up 2.5 percent compared to the first 10 months of 2013, which more than outpaces the annual national inflation rate, which stood at 1.7 percent as of September.
~~~~~

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month Dane & Rock County's home prices increased significantly. On a year over year basis, Dane County home prices were up 3.7% and Rock County prices are up 13.8%!


Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.

Wisconsin Short Sales


Housing Statistics for the State of Wisconsin:

October 2014
Home Sales: 6,366
Median Home Price: $148,000

October 2013
Home Sales: 5,748

Median Home Price: $142,000

Housing Statistics for Dane County, WI:

October 2014
Home Sales: 501

Median Home Price: $225,000

October 2013
Home Sales: 517

Median Home Price: $216,796

Housing Statistics for Rock County, WI:

October 2014
Home Sales: 206

Median Home Price: $122,950

October 2013
Home Sales: 165

Median Home Price: $108,000

View my report from last month. Wisconsin September 2014 Housing Statistics

Read more…

Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for September of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Wisconsin’s home sales in September were nearly identical to one year ago, but prices were higher, according to the most recent analysis of the state housing market released by the Wisconsin REALTORS® Association (WRA). Existing home sales in September were just 0.2 percent lower than September 2013, and median prices were 3.1 percent higher to $148,700.

Although our home sales are slightly lower than last year, it’s important to recognize how far we’ve come since emerging from the Great Recession,” said Dan Kruse, the newly installed chairman of WRA board of directors. “Sales this quarter may be 2.1 percent below a very strong third quarter last year, but they are 20.7 percent higher than they were just after the recession ended in the third quarter of 2009,” Kruse said. Kruse noted that other housing indicators also paint a picture of a stabilizing housing market in the state. Seasonally adjusted housing inventories have ranged from about 49,000 homes to nearly 53,000 homes since December 2012, which is a far cry from the nearly 72,000 homes on the market in March 2010.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane and Rock Counties showed increases in year over year home prices, approximately 3.3% in Dane County and over 11% in Rock County!


Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.

Wisconsin Short Sales


Housing Statistics for the State of Wisconsin:

September 2014
Home Sales: 6,163
Median Home Price: $148,700

September 2013
Home Sales: 6,144

Median Home Price: $143,000

Housing Statistics for Dane County, WI:

September 2014
Home Sales: 578

Median Home Price: $222,000

September 2013
Home Sales: 576

Median Home Price: $215,000

Housing Statistics for Rock County, WI:

September 2014
Home Sales: 171

Median Home Price: $127,000

September 2013
Home Sales: 179

Median Home Price: $114,000

View my report from last month. Wisconsin August 2014 Housing Statistics

Read more…

Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for August of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Home sales fell for the second straight month in August whereas median prices rose by modest margins. Wisconsin’s existing home sales dropped 5.7 percent in August compared to August 2013, and median home prices were up 3.3 percent to $157,000 over that same period, according to the most recent housing market report released by the Wisconsin REALTORS® Association (WRA).

Home sales continue to lag behind 2013, and while it’s important to remember that 2013 was a strong year for sales, there are a number of other contributing factors that also explain relatively lower sales,” said Steve Lane, chairman of the WRA board of directors. “Inventories are tighter in our metropolitan areas compared to rural areas, and some buyers may be having difficulty finding homes to buy in those markets,” Lane said. Metropolitan counties had 7.7 months of available inventory in August, and their sales were down 8.1 percent compared to August last year. In contrast, rural counties have 16.6 months of inventory, and their sales were essentially flat, falling less than 0.2 percent.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month showed a decrease in the number of home sales statewide and in Dane County, but a solid increase in home prices! Rock County remains one of the better recovery stories with significant increases again in both median price and the number of home sales in August! 


Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

With the recent home price increases, now might be the right time to sell your Wisconsin home. Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.

Wisconsin Short Sales


Housing Statistics for the State of Wisconsin:

August 2014
Home Sales: 7,249
Median Home Price: $157,000

August 2013
Home Sales: 7,664

Median Home Price: $152,000

Housing Statistics for Dane County, WI:

August 2014
Home Sales: 710

Median Home Price: $230,000

August 2013
Home Sales: 909

Median Home Price: $220,000

Housing Statistics for Rock County, WI:

August 2014
Home Sales: 207

Median Home Price: $123,000

August 2013
Home Sales: 200

Median Home Price: $107,750

View my report from last month. Wisconsin July 2014 Housing Statistics

Read more…

Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for July of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Wisconsin’s existing homes sales fell in July even as median prices continued to rise. Home sales fell 2.4 percent in July 2014 compared to the same month last year, and median prices rose 2.4 percent to $158,700 over that same period according to the most recent housing market report released by the Wisconsin REALTORS® Association (WRA).

Although sales fell short of the last year’s levels, it’s important to remember that 2013 was a very strong year for home sales in the state,” said Steve Lane, chairman of the WRA board of directors. “Sales were down 7.6 percent for the first five months of 2014 before they bounced back in June, raising 5.7 percent above June 2013. For July home sales to be close to last year’s strong showing indicates the current market is solid.” Lane said. He noted that with the exception of last year, this has been the strongest eight-month period since 2007.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month showed a decrease in the number of home sales statewide and in Dane County, but a sharp increase in home prices! Rock County remains one of the better recovery stories with significant increases in both price and home sales


Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

Now might be the right time to sell your Wisconsin home. Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our page for more information.

Wisconsin Short Sales


Housing Statistics for the State of Wisconsin:

July 2014
Home Sales: 7,302
Median Home Price: $158,350

July 2013
Home Sales: 7,418

Median Home Price: $155,000

Housing Statistics for Dane County, WI:

July 2014
Home Sales: 882

Median Home Price: $234,450

July 2013
Home Sales: 952

Median Home Price: $213,500

Housing Statistics for Rock County, WI:

July 2014
Home Sales: 195

Median Home Price: $129,900

July 2013
Home Sales: 175

Median Home Price: $108,000

View my report from last month. Wisconsin June 2014 Housing Statistics

Read more…

Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for June of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Existing home sales in Wisconsin saw positive gains for the first time this year, and median home prices were up slightly according to the most recent housing market report released by the Wisconsin REALTORS® Association (WRA). June home sales rose 4.5 percent compared to June 2013, and median prices were stable, rising 0.6 percent to $159,900 over the same period.

This is a welcome sign since June is our most important month for sales,” said Steve Lane, chairman of the WRA board of directors. “In a typical year, Wisconsin sells approximately 11.5 percent of its homes in June, which is more than any other month of the year, so strong sales in June is important,” Lane said. However given the harsh winter, Lane cautioned that even a solid showing in June won’t completely erase the weaker winter and spring sales. He noted that during the first half of the year, sales were down 4.9 percent compared to the first six months of 2013.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month showed an increase in the number of home sales statewide and in Rock County, but a slight decrease in Dane County. Home prices rose slightly in all 3 areas highlighted below.


 

Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

Now might be the right time to sell your Wisconsin home. Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our page for more information.

Wisconsin Short Sales


 

Housing Statistics for the State of Wisconsin:

June 2014
Home Sales: 7,702
Median Home Price: $159,900

June 2013
Home Sales: 7,373

Median Home Price: $159,000

Housing Statistics for Dane County, WI:

June 2014
Home Sales: 974

Median Home Price: $223,627

June 2013
Home Sales: 977

Median Home Price: $222,000

Housing Statistics for Rock County, WI:

June 2014
Home Sales: 211

Median Home Price: $120,600

June 2013
Home Sales: 182

Median Home Price: $120,000

 

View my report from last month. Wisconsin May 2014 Housing Statistics

Read more…

Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for May of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Existing home sales continued to lag behind 2013 levels but median prices rose by a solid margin in Wisconsin according to the most recent housing market report released by the Wisconsin REALTORS® Association (WRA). May home sales dropped 6.9 percent compared to the May 2013 volume of sales. In contrast, median prices increased over the same period, rising 3.8 percent to $150,000.

This is the fifth straight month of reduced home sales compared to where we were this time last year, and there are multiple potential reasons why,” said Steve Lane, chairman of the WRA board of directors. He pointed out that state economy appears to be steadily improving. The unemployment rate continues to drop and at 5.7 percent in May, it stands a more than a percentage point below where we were last year. In addition the state has added more than 38,300 jobs over the last year according to the U.S. Bureau of Labor Statistics. The harsh winter contributed to slower sales in the first four months, but it can’t explain the slower sales in May. “Even though last year was a strong year for sales, we expected a slight bounce in May sales as the prolonged winter ended,” Lane said. “But we haven’t seen that bounce yet.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. As you probably have heard, overall home sales & prices have been increasing over the past few years. This month however showed a decrease of home sales statewide, but an increase in home prices. Rock County however showed increases in both sales and price!

Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit Real Estate Listings in Rock County to search for current Rock County properties or visit Real Estate Listings in Dane County for homes in Dane County Wisconsin.

Now might be the right time to sell your Wisconsin home. Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a free comparative market analysis. This is a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our page on Wisconsin Short Sales for more information.

Housing Statistics for the State of Wisconsin:

May 2014
Home Sales: 7,008
Median Home Price: $150,000

May 2013
Home Sales: 7,485

Median Home Price: $144,500

Housing Statistics for Dane County, WI:

May 2014
Home Sales: 829

Median Home Price: $214,900

May 2013
Home Sales: 938

Median Home Price: $208,250

Housing Statistics for Rock County, WI:

May 2014
Home Sales: 209

Median Home Price: $124,000

May 2013
Home Sales: 206

Median Home Price: $114,450

View my report from last month. Wisconsin April 2014 Housing Statistics

Read more…

GNAR or the Greater Nashville Association of Realtors reported 3,079 home closings were turned in by local Nashville Realtors in May 2014. This is up .6% over May 2013. This is good news because Nashville home sales were actually down 1.2% in March and .5% in April which shows we are definitely trending upwards in time for the summer selling cycle. Keep in mind, before March this year, Nashville home sales hadn’t seen a down month all the way back to June 2011.

The really good news for homeowners is that year to date, home sales of Nashville are up 1.6% during this same period in 2013.
Of course, with sales like this, we should expect to see prices increase and we are. It’s slight increase in prices for both single family and condo sales yet, it’s still affordable for many potential home buyers. On average, a single family home cost $209,900.00 in May which is up from May 2013 where a single family Nashville home would cost you $174,000.00. As for condos, they sold in May for an average of $174,000 which is up from $166,900 in May 2013.
By the time May ended, the MLS saw 3,108 pending sales which is a great sign that June’s numbers will be just as good as May, if not better.

Nashville’s total inventory of homes, condos and lost was at 15,926 for sale by end of May and that’s down from last year where we had 16,760. This means competition for good quality homes is increasing and as the summer season is only starting, we expect summer 2014 to be good for homeowners seeking to sale their Nashville Home

Get your homes value at www.MyNashvilleHomeValues.com

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Welcome-to-WisconsinThe Wisconsin housing statistics are in for April of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Wisconsin existing home sales fell in April even as median prices continued to rise according to the most recent analysis of the state housing market released by the Wisconsin REALTORS® Association (WRA). Home sales declined 11.6 percent in April compared to the same month last year due to a combination of higher home mortgage rates, higher prices and harsh winter temperatures. Median prices rose over that same period, increasing 1.4 percent to $139,900.

As we enter the second quarter of the year, we have been expecting some improvement in home sales, but it’s important to remember that April sales are still impacted by the February weather given the 6 to 8 week lag between the time an offer is accepted and a closing takes place,” said Steve Lane, chairman of the WRA board of directors. He also noted that there were heavy snows in the northern part of the state as late as mid-April 2014. Every region of the state experienced a decline in April sales. The Central region fared the best, falling just 3.8 percent over the April 2013 to April 2014 period, followed by the Northeast region which dropped 8.5 percent over the period. The South central region fell 9.6 percent and the Southeast region saw a decline of 10.1 percent. Finally, the North region dropped 17.4 percent and the West fell 25.5 percent. Interestingly, home sales fell more substantially in the metropolitan counties which averaged a 13 percent reduction in sales in April compared to rural counties which declined 7 percent between April 2013 and April 2014. “This may be due in part to much tighter inventories in the urban counties compared to rural counties,” Lane said. Rural counties had just over 14 months of available inventory in April compared to just 6.9 months for metropolitan counties.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. As you probably have heard, overall home sales & prices have been increasing over the past few years. This month however showed a decrease of home sales statewide, but an increase in home prices.

Thinking of purchasing a home before prices or rates rise any further?! I'd be happy to show you any homes currently listed for sale. Feel free to visit Home Listings in Rock County to search for current Rock County properties or visit Home Listings in Dane County for homes in Dane County Wisconsin.

Now might be the right time to sell your Wisconsin home. Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a free comparative market analysis. This is a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our page on Wisconsin Short Sales for more information.

Housing Statistics for the State of Wisconsin:

March 2014
Home Sales: 5,369
Median Home Price: $139,400

March 2013
Home Sales: 6,003
Median Home Price: $138,000

Housing Statistics for Dane County, WI:

March 2014
Home Sales: 590
Median Home Price: $210,000

March 2013
Home Sales: 701
Median Home Price: $209,900

Housing Statistics for Rock County, WI:

March 2014
Home Sales: 170
Median Home Price: $115,000

March 2013
Home Sales: 175
Median Home Price: $105,000

View my report from last month. Wisconsin March 2014 Housing Statistics

Read more…

Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for March of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Home sales dropped for the third straight month in Wisconsin as the frigid temperatures and hefty snowfall continued into March, according to the latest analysis of housing market activity released by the Wisconsin REALTORS® Association (WRA). Compared to March 2013, home sales declined 11.3 percent in March 2014, which contributed to a weak first quarter. First-quarter sales fell 8.5 percent compared to the first quarter of 2013. However, the median price of existing homes rose a modest 1.9 percent to $136,500 over the period between March 2013 and March 2014. Median prices were up 4.2 percent for the first quarter relative to the same quarter last year.

Even with spring officially arriving in the middle of March, the spring selling season has been slow to gather steam,” said Steve Lane, chairman of the WRA board of directors. “We are hopeful that the spring thaw will jump-start the selling season that traditionally gains momentum in the second quarter,” Lane said. Still, Lane noted that the first quarter sales remain above their levels of two years ago — a year that had a relatively mild winter by comparison.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. As you probably have heard, home sales & prices have been increasing over the past few years. This month again showed a decrease of home sales statewide, but an increase in home prices. Dane County's prices increased around 4% in March, year over year, while Rock County's median home price stayed nearly the same. Rock County did show an increase in home sales though, in contrast with the rest of the state.

Thinking of purchasing a home before prices or rates rise any further?! I'd be happy to show you any homes currently listed for sale. Feel free to visit Home Listings in Rock County to search for current Rock County properties or visit Home Listings in Dane County for homes in Dane County Wisconsin.

Now might be the right time to sell your Wisconsin home. Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a free comparative market analysis. This is a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our page on Wisconsin Short Sales for more information.

Housing Statistics for the State of Wisconsin:

March 2014
Home Sales: 4,588
Median Home Price: $136,700

March 2013
Home Sales: 5,160
Median Home Price: $134,000

Housing Statistics for Dane County, WI:

March 2014
Home Sales: 490
Median Home Price: $203,000

March 2013
Home Sales: 534
Median Home Price: $195,000

Housing Statistics for Rock County, WI:

March 2014
Home Sales: 149
Median Home Price: $102,900

March 2013
Home Sales: 133
Median Home Price: $103,000

View my report from last month. Wisconsin February 2014 Housing Statistics

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Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for February of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

For the second straight month, home sales dropped as Wisconsin recorded its coldest winter in decades according to an analysis of February housing market activity released by the Wisconsin REALTORS® Association (WRA). Existing home sales dropped 10.1 percent relative to February 2013; however median prices actually increased substantially, rising 7.4 percent to $130,000 over the same 12 month period.

We live in Wisconsin. We expect slow sales in February,” said Steve Lane, chairman of the WRA board of directors. “But we broke many records for cold temperatures this winter, so it’s not surprising this year’s February sales were off the 2013 pace,” Lane said. “Weather extremes weren’t the only thing that conspired to dampen sales. Median prices have grown consistently since March of 2012 and mortgage interest rates have been climbing and are now almost a full percentage point higher than this time last year,” Lane said.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. As you probably have heard, home sales & prices have been increasing over the past few years. This February showed a decrease of home sale statewide, but an increase in home prices. Dane County's prices stayed fairly stagnant year over year, while Rock County's median home price was up over 20%!

Thinking of purchasing a home before prices or rates rise any further?! I'd be happy to show you any homes currently listed for sale. Feel free to visit Rock County, WI Home Listings to search for current properties listed in Rock County or visit Dane County, WI Home Listings for homes in Dane County.

Now might be the right time to sell your Wisconsin home! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a free comparative market analysis. This is a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our page on Wisconsin Short Sales for more information.

Housing Statistics for the State of Wisconsin:

February 2014
Home Sales: 3,338
Median Home Price: $130,000

February 2013
Home Sales: 3,688
Median Home Price: $121,000

Housing Statistics for Dane County, WI:

February 2014
Home Sales: 331
Median Home Price: $193,000

February 2013
Home Sales: 349
Median Home Price: $195,000

Housing Statistics for Rock County, WI:

February 2014
Home Sales: 109
Median Home Price: $97,500

February 2013
Home Sales: 108
Median Home Price: $78,700

View my report from last month. Wisconsin January 2014 Housing Statistics

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Welcome-to-Wisconsin-300x225.jpg?width=300The Wisconsin housing statistics are in for January of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

The harsh winter took a toll on January home sales in Wisconsin, according to the most recent analysis of housing market activity released by the Wisconsin REALTORS® Association (WRA). Existing home sales were down 6.8 percent relative to January 2013, but median prices rose 3.2 percent to $126,900 over that same time frame.

Home sales cooled along with the weather in January,” said Steve Lane, chairman of the WRA board of directors. “REALTORS® know that buyers and sellers don’t like closing on homes during winter months, preferring instead to move when the weather improves,” Lane said. “This winter has been anything but typical, with brutally cold weather and plenty of snow contributing to the decline in January sales,” Lane said.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. As you probably have heard, home sales & prices have been increasing over the past few years. This month however home sales number decreased, but take a look at the price increase! The price rebound in our region is certainly still under way. Rock County was up 11% year over year in January!

Thinking of purchasing a home before prices or rates rise any further?! I'd be happy to show you any homes currently listed for sale. Feel free to visit Rock County, WI Home Listings to search for current properties listed in Rock County or visit Dane County, WI Home Listings for homes in Dane County.

Now might be the right time to sell your Wisconsin home! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a free comparative market analysis. This is a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? A short sale may be right for your situation. Visit our page on Wisconsin Short Sales for more information.

Housing Statistics for the State of Wisconsin:

January 2014
Home Sales: 3,325
Median Home Price: $126,000

January 2013
Home Sales: 3,520
Median Home Price: $123,000

Housing Statistics for Dane County, WI:

January 2014
Home Sales: 282
Median Home Price: $200,000

January 2013
Home Sales: 320
Median Home Price: $194,750

Housing Statistics for Rock County, WI:

January 2014
Home Sales: 99
Median Home Price: $99,900

January 2013
Home Sales: 111
Median Home Price: $90,000

View my report from last month. Wisconsin December 2013 Housing Statistics

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Are any of you watching what is happening to housing right now? As reported by Forbes.com’s Eric Carlyle Existing Home Sales Fall 5.1% In January 2014, To Lowest Level Since July 2012 and yet, our S&P still gains ground…..hhhmmm…..

As reported by Lucia Mutikani with Reuters, Housing Starts, Permits Tumble; Mortgage Applications Fall and yet, our S&P still gains ground….hhmm….

As reported by Greg Robb of MarketWatch.com, Philly Fed Manufacturing Weakens in February, index dropped sharply….to a negative 6.3 from a positive 9.4 in January and, yet our S&P still gains ground…hhmm…

As reported by Emily Fox at CNN Money, even consumers are holding back as her article headline reads, Wal-Mart Wars of Soft Start to Year and, yet our S&P still gains ground…hhmm…

Some anaylsis say the weather and cold temps are to blame however, sure, the cold weather may not have made things better but, if our country is so weak, it can’t even take a colder than “normal” (Whatever that is) winter…then I am left to ask, just where are we fiscally…really? Better yet, how is it the S&P can make modest gains in this atmosphere of negative reports?

Oh…I almost forgot, let’s not forget about the last two job reports…..can we say ouch! At some point, the market can’t sustain, especially now with the fed pulling back on Quantitative Easing this year. I am sounding the alarm once again and I really do believe I am correct, this is the year of the “double dip” recession. I say “double dip” in quotes because, I never believed we ever came out of a recession in the first place but, let’s go with the popular misconception we did, hence the quotations around the word, “double dip”.

More now than ever before, since 2007, if we stumble, we will take a much larger hit than any of us that didn’t live through the Great Depression will experience. Why do I say that well, it’s simple, our economy isn’t starting off from a place of strength, as I outlined above. Back in 2006, when the real estate bubble burst, our economy was booming so, the hit we took was bad, even worse than the Great Depression but, most Americans in the Middle and Upper class didn’t make many significant changes to their daily lives whereas the lower class was obliterated. This time around, our economy is not in a position to take another hit like that and if it does, you will see middle class America take the brunt and once again, the lower class will receive the equivalent to a economic nuke being dropped on their heads.

Now, let’s add in expected increases in health care cost due to our Presidents fundamental transformation of our country, increased taxes as we don’t have an in power opposition party to the liberal / progressive agenda being pushed in Washington DC and well, 2014 will be a year we won’t forget, that is for sure.

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2014 Housing Changes and Predictions

2014 Housing Changes and Predictions:

New lending rules will limit the number of working class buyers. By now, you have likely heard of the new mortgage rules that are going into effect January 1, 2014. As you know, the people who put these rules in place (Congress via HUD) believe these new guidelines provide greater consumer protections and will prevent a similar collapse we had in 2007.

The truth of the matter is, when a lender originates a mortgage that they are going to resell to Fannie or Freddie, the lender will have to raise their lending standards before they can approve the loan. As you can imagine, advocates for “affordable housing” are looking at these higher standards and having a fit. They don’t like these new standards because essentially, it begins limiting loans to high risk buyers with standards they aren’t going to be able to meet.

Regardless of what side you fall on in the Realolitical discussion (Realolitical = Realestate + Political) of affordable housing vs. stricter lending, the end result is fewer working class buyers in 2014 than we have had any time after the 2007 collapse.  

Unemployment is predicted to remain at about 8% for 2014. The CBO (Congressional Budget Office) is a bit pessimistic for 2014 when it comes to unemployment. They are expecting unemployment to remain around 8% which means employment conditions will likely remain the same. This means that if we take a look at the hard number, we should be seeing about 300,000+ jobless claims weekly for all of 2014. This number will change according to seasonal work requirements but, essentially, 300K jobless claims weekly.

Long terms jobless benefits have not be renewed for 2014. Approximately 1 million people this week will NOT get their jobless benefits. These people will be forced to get creative with making ends meet. For many, the risk of foreclosure just became more real than it ever has been in the past. Right now, Congress is in heated debate about extending long term jobless benefits and it might get passed however, it may not happen in time to save many from foreclosure as Congress debates.

Approximately 52% of the American public are on the Government roll. In other words, the majority of Americans are surviving by taking the tax payments of the working public. This begins a paradigm shift in our country that will be very hard to stop. In fact, it makes our country more like Europe than we have ever been before. NOTE: France’s President this week won a legal victory which will see both individuals and companies that make more than 1 million dollars, pay 75% tax rate on that income for the next 2 years. So, in essence, if you make 1 million dollars, you will pay $750,000.00 of that to the government to pay your fair share in taxes. The really sad part is, even with this tax rate, it doesn’t even put a dent in France’s debt….they are still at serious risk of insolvency.  

The bullish stock market will come to a grinding halt. In 2013, the Federal Reserve announced it will begin tapering off it’s Quantitative Easing bond purchasing program in 2014. Now, this is a very complicated monetary policy to explain but, essentially, it means that the Federal Reserve is going to stop printing money in order to stem off inflation concerns. Essentially, the Federal Reserve believes that too many dollars are in the system and in order to prevent out of control inflation, they need to pull back. Many analysis agree that the Quantitative Easing program is the lynch pin in the stock markets bull market for the past 2-3 years. Some are concerned that, without the Federal Reserve pumping money into the market….the market will collapse because our economy isn’t as strong as they thing it is. In other words, the Federal Reserve seems to be drinking the White House’s political kool-aid. The scary part of all of this, foreign countries are beginning to sell off their dollars. By doing so, our dollar weakens and inflation begins to get serious.

Finally Obamacare destroys the insurance industry and millions find out they are going to pay more for insurance than they ever had before. Sure, Obamacare advocates like to tell people that 2 million people signed up however, what they fail to tell you is that more than half of those are either 100% tax payer subsidized or a percentage thereof. They also forget to tell you that nearly 6 million lost their insurance in November and December of 2013 due to the new minimum insurance standards and that 30-40 million are at risk of losing their insurance once the employer mandate goes into effect. Everyone knows Obamacare isn’t financially solvent and the fact the law is raising premium for both individuals and employers, it’s believed that many will simply lose coverage or end up paying inflated prices they can’t afford.

So….add it all up and I do believe that in 2014, we will see absolutely no positive change for the real estate industry. If anything, we will see our industry grow stagnant and in some areas of the country, see increased inventories, lower prices and increases in short sales and REOs. I do believe high demand micro markets that aren’t over developed will be little safe havens but, unfortunately not enough of those exist to prop up the real estate market as a whole.

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