Tag Archives: Quarterly Newsletter

Mortgage Rates Remain Affordable, but Should Increase by the End of 2013

Although mortgage rates for the 30-year Fixed Rate Mortgage (FRM) hit their all-time lows in September and October 2012, low rates continue, making house buying affordable. The Federal Reserve has been artificially holding rates down to stimulate the economy, and …
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Low Inventory Continues to Hold Up Homebuyers

Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) says that home sales are “stuck” this spring due to the limited number of homes available to buy. Though the spring market usually brings a larger supply of homes …
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Foreclosure Rates Fall to 1.9% in Southeastern Wisconsin, Down Nationally

Foreclosure rates continue to decline in southeastern Wisconsin, reaching a new low of 1.93% in February for the Milwaukee region. According to CoreLogic, this is down .7 points from the same month year-over-year. This local foreclosure rate is higher than …
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Shorewest, REALTORS® and Wisconsin Mortgage Corporation Show Impressive Growth

Shorewest, REALTORS® All data shown above reflects January 1-March 31 of that year. Shorewest, REALTORS®, Wisconsin’s Largest Home Seller™ since 1951, continued to grow in the first quarter of 2013. From January 1-March 31 of 2013, Shorewest reported closed sales …
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Home Prices Post Biggest National Gain Since 2006

The S&P Case-Shiller index showed the biggest year-over-year gains in prices since 2006. The index measures the 20 largest markets in the nation each January and has posted the change in home prices each year above. Since the housing bubble …
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Market Analysts Revise 2013 Projections — The Housing Market is Stronger than Anticipated

Analysts recorded their future price projections at the end of 2012, and with increases ranging from 2% to 5.3%. Each analyst has since upgraded their price projections based on the first quarter, with the lowest gains at 4.2%. With an …
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The State of the Market — May 2013

A letter from Joseph A. Horning, President of Shorewest, REALTORS® Throughout the first quarter, the nation saw growth in home sales and median prices. In Wisconsin, first quarter home sales were up 11% and median prices rose 5% compared with …
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Southeastern Wisconsin Real Estate Market Data (by County)


Housing Sales Continued Strong in 4th Quarter

A letter from Joseph A. Horning, President of Shorewest, REALTORS® 2012 was truly a rebound year for the real estate market in Wisconsin. I am proud to present that Shorewest Realtors helped over 10,700 families buy and sell their homes. …
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My Best Advice to Home Buyers

From John Inzeo, Wisconsin Mortgage Corporation Many potential home buyers ask us what the most important first step in acquiring financing for their home purchase. The answer is easy — get an authentic pre-approval! All too often we hear lenders …
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