As we close out the third quarter of 2013 here is what we see:
Overall Dane County home sale transactions reported to the South Central
Wisconsin MLS are up 24% for the period of January 1, 2013 through August 31,
2013, with sales transactions at Restaino & Associates for the same period
up over 30%.
The number of foreclosures reported on a national basis are down,
with the latest figures showing a drop nationally in the number of foreclosures
completed of over 25% for the July 2013 over July 2012 period. Interest rates,
which have risen almost daily for the last seven weeks, began trending downward
ever so slightly in the last week of August. Thirty year fixed rate loans, while
higher than mid-year levels are, currently hover around
4.6%. We continue to believe that any rate under five percent is still a
remarkable and very attractive level.
What do we see in all these numbers? I believe
the numbers are pointing towards increased stabilization in the housing
market...and with that stability comes ability: The ability to make sound real
estate investment choices for you and your family.
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