Current Market Conditions

With the new $8000 tax credit that first-time homebuyers can use for a down payment, traffic in homes in the Metro-Milwaukee area has risen to pre-recession levels. So what does this mean? It means that home prices up to $250,000 are starting to stabilize. Taking into account the foreclosure properties that are still out there, this is a very good thing for all of the real estate market.

As we know, the moment that the non-foreclosure properties start selling in the $250,000 price range and below, this directly affects the properties that are generally considered the "move up" properties, i.e. $250,000 and higher. Once someone sells their home, they tend to buy bigger and in turn, more expensive.

When we see the trend of the current inventory of these lower priced homes start to move, the higher priced homes follow suit. Interestingly enough, activity is picking up in these areas already!

Interest rates have hit record lows, and they appear to be moving down. The inventory of properties is up, and the economic markets have all bottomed out and are on their way up as well. Comparing even the best mutual funds in the market that earn 12% or more annually, a better investment is still property investment that earns 15-30% annually. Now is the time to start thinking about getting in on the bottom of the real estate market before it goes back up!

If you would like to sign up for a free home watch search of any property, please feel free to contact me, and I can show you several options to maximize your investment gains in the real estate market!