Future is Rosy...for Real Estate

With January behind us, it's becoming clear that the outlook for the Real Estate market for the foreseeable future is pretty rosy!

One example of a healthy market can be found in the fact that foreclosure inventory is dropping as the national economy is improving. On a nationwide level, only 3.4% of homes are in serious delinquency, and 29 states, including Wisconsin, have a foreclosure inventory rate lower than the national average.

Because of the low foreclosure inventory, the average home values have been on a steady increase. It should be noted, however, that homes across the country are appreciating at different rates.

With increased home values and interest rates continuing to hover around four percent, now may be an extremely attractive time for perspective buyers and sellers to make a move. Financially speaking, it is a good idea to keep a close eye on mortgage rates, as it remains difficult to predict with any certainty what the future will hold. Again, they appear to be holding steady for the time being, but an increase has been forecast for some time.

One thing that is certain not to change in 2016 is my commitment to YOU!  I look forward to helping you buy or sell or answer any questions you may have.  I'm here to help!