Saturday, December 31, 2016

What's in Store for 2017?

Can we predict what will happen in 2017 given the strong markets of the past two years? While it's all speculative, we can make a few guesses. For instance, rates could move higher, based on our President- elect's fiscal and stimulus agenda. Even so, interest rates should remain at historically low levels.

Another thing to look for is more millennials buying homes. According to the National Association of Realtors, millennials who have paid down their student loans and built up their cash may be in a position to buy more house than even most real-estate professionals might think. And right behind them is Gen Z. Their elder members will hit their 18th birthdays in 2017, and as they come of age with low interest rates, better job prospects and higher wages to help cushion the high costs of college education,they likely could be a generation that strongly values homeownership and will continue to drive the real estate market for a long time to come.

Stay tuned to see what the new year brings.   Here's to 2017!

Thursday, December 22, 2016

Live Large in a Tiny House!

Join the tiny house revolution with one of the original "tiny" houses! Built in 1928, this darling 652 square foot bungalow is packed with character and charm! Beautiful built-in corner china cabinet, updated kitchen, updated bath, fresh paint throughout, refinished hardwood floors and a delightful 3-season porch to enjoy the private backyard. Detached garage with extra storage and adjacent bonus art studio or office. 

Excellent near west location-bike everywhere! Close to the UW-Madison, University Ave restaurants and shops, Hilldale and Hoyt Park. Move right in and reduce your carbon footprint. Contact me about how you can live large in this tiny house!

Saturday, December 10, 2016

October 2016 Home Sales

October continued to be a strong Real Estate market on the near west side of Madison.  Below is a few of the listings that sold.  Maybe there was one in our neighborhood?


Friday, December 2, 2016

Looking Back at 2016

Despite all the changes that came about in 2016, the real estate market remained solid. It was extremely consistent, and is likely to become a record-setting year for Wisconsin's existing home market.

As with 2015, the housing industry again saw healthy increases in value. Inventory, while still very low compared to the number of people looking to buy, loosened up a bit mid-year. In June of 2016 the number of available homes for sale rose to 9,942, up from 9,450 the previous year. By August of 2016, there were nearly 1,000 additional homes for sale over 2015 inventory for that same time period. Still, buyers outweighed sellers, which continued to drive home prices up.

Why so many buyers? This is thanks to many factors, including low interest rates, lower gas prices, stronger wage growth, and greater numbers of millennials entering the home buying market. Technology is also making it easier for these buyers to shop for homes from virtually anywhere.

What's in store for 2017?  Stay tuned....