Western Wisconsin Real Estate News
- Wisconsin Home Sales Up in Third Quarter as Median Prices Moderate
- Will the $8,000 First (New) Home Buyer Tax Credit in the 2009 Stimulus Package be Extended into 2010 and Increased to $15,000?
- "Foreclosure Mediation, Relief for the 'Little Guy'"
- Curb Appeal Matters Now More Than Ever, Say Realtors®
- Improvement Coming to Buyer Tax Credit?
- 30-Year Fixed Rate Falls to at Least a 37-Year Low
- "Area Economy Could Start to Rebound in Spring, Experts Say" Shawano Leader (01/11/09) Thornton, Dennis
Wisconsin home sales increased for the first time since the recession began nearly two years ago, according to data reported by the Wisconsin REALTORS® Association (WRA). Existing home sales increased 5.8 percent in the third quarter of 2009 compared to the same quarter last year, the first increase since the recession began in the fourth quarter of 2007.
“We are finally seeing signs of recovery in the housing market,” said John Flor, Chairman of the Board of the WRA. “This deep and lengthy recession has kept many buyers on the sidelines for the better part of two years.” He credited a combination of favorable mortgage rates and the federal tax credit for first time home buyers for the surge in sales. “With mortgage rates in the 5 percent range and the tax credit putting up to $8,000 in the pockets of first time home buyers, the market saw a real boost,” Flor said.
For the full news release and data, visit www.wra.org/q32009