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Wisconsin home sales rise 16% in March; prices up 8.8%
- Southeast Region: Sales +17.4%, Price +9.6%
WA-WM School District Boundary Update:
For information on the different attendance boundaries at each level please go to:
http://www.wawm.k12.wi.us then click on:
District Information in the top tool bar menu
District Information in the drop down menu
Boundaries in the second drop down menu
December Existing-Home Sales Rise, 2013 Strongest in Seven Years
US home prices rise just 0.2 percent in October
Foreclosure filings down 31% in November
Read more from Journal Sentinel: http://www.jsonline.com/business/foreclosure-filings-drop-31-in-november-b99154555z1-234090631.html#ixzz2mXaM9ixk
Home Prices Clock Fastest Annual Gain Since February 2006, Says S&P/Case-Shiller
Mortgage rates dip to 4-month low
Metro area home sales rose 16.4% in September
Mortgage Rates hit 9-week low:
American Dream Slipping as Homeownership at 18-Year Low
By Prashant Gopal and Clea Benson - Jul 30, 2013
Mortgage Rates in U.S. Jump to Highest Since July 2011
By Prashant Gopal - Jun 27, 2013 11:59 AM CT
Mortgage rates for 30-year U.S. loans surged to the highest level in almost two years, increasing borrowing costs at a time when the housing market is strengthening and prices are jumping.
The average rate for a 30-year fixed mortgage rose to 4.46 percent from 3.93 percent, the biggest one-week increase since 1987, McLean, Virginia-based Freddie Mac said in a statement. The rate was the highest since July 2011 and above 4 percent for the first time since March 2012. The average 15-year rate climbed to 3.5 percent from 3.04 percent.
The average rate for a 30-year fixed mortgage rose to 4.46 percent from 3.93 percent, the biggest one-week increase since 1987, McLean, Virginia-based Freddie Mac said in a statement.
The increase, sparked by expectations that the Federal Reserve will scale back bond purchases, provides a test for a yearlong housing recovery that’s been fueled by home-loan costs near record lows. Buyers seeking to take advantage of low rates are competing for a tight inventory of listings, driving up values. House prices in 20 U.S. cities rose 12 percent in April, the biggest year-over-year gain since March 2006, according to S&P/Case-Shiller data released this week.
Higher mortgage rates are “not going to snuff out the housing recovery,” Paul Diggle, property economist for Capital Economics Ltd., said yesterday in a telephone interview fromLondon. “But it’s another reason to expect a slowdown from the very rapid rate of price rises of late.”...
- Largest one week increase since 1987
- Comes after Fed says it will taper bond buying
- see http://www.freddiemac.com/pmms/pmms30.htm for historical perspective
2013 May Home Sales Report
From the WRA:
Date: June 17, 2013
MADISON, Wis. – Strong home sales in Wisconsin for May helped boost prices up, according to the most recent statistical report released by the Wisconsin REALTORS® Association (WRA). The sale of existing homes in May increased 18.2 percent over last May, now the 23rd straight month of positive sales growth in Wisconsin, which helped push the median price up 4.3 percent to a statewide median of $144,000...
- Milwaukee County up 10.9% in median price, and 9.6% in sales.
- Southeast Region up 4.4% in median price, and 15% in sales.
"In the history of mortgage interest rates since 1971, the 30-year fixed rate has been below 4 percent in only 15 months, and those have all been in the past 15 months," said NAR President Gary Thomas, the broker-owner of Evergreen Realty in Villa Park, Calif. Read more: http://thehill.com/blogs/on-the-money/1091-housing/289591-existing-home-sales-highest-since-2009#ixzz2OIcayrRa
- And still going, but for how long
- Update: Depending on your loan we may have seen the end of sub 4%.
Be sure to check the News tab for selected market information.
If we had the pleasure to talk this won't be news to you http://www.jsonline.com/business/inventory-becoming-issue-in-metro-milwaukee-housing-market-po94jur-197466941.html