Tag Archives: real estate market

Shorewest Reports: Shadow Inventory Falls to Lowest Level Since 2008

According to CoreLogic analysis released on October 8, U.S. distressed property inventory is at its lowest recorded level since August 2008. Distressed inventory, which includes properties that are in foreclosure, are seriously delinquent or are in lenders’ Real Estate Owned …
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What Does the Government Shutdown Mean for Your Mortgage? Answers from Shorewest, REALTORS® and Wisconsin Mortgage Corporation

The government’s fiscal year runs from October 1-September 30, meaning that Congress’s duty to pass spending bills to fund the government must be passed by September 30 each year. This year, Congress did not come to an agreement to pass …
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Housing Inventory Continues to Rebound

According to a recent Wall Street Journal article, housing inventories increased nationwide in August, standing just 2.5% below their levels of August 2012. Nationally, there were 1.98 million homes listed for sale in August, and 2,724 of them are located …
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August Sales Numbers Show Continued Growth for Southeastern Wisconsin

Southeastern Wisconsin experienced an increase in sales and new listings in August 2013, continuing the pattern of growth we’ve seen in the real estate market throughout the year. Area experts are optimistic about this trend carrying on through the end …
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Inventory Levels Increase in Second Quarter

Inventory levels saw historic lows throughout the first months of 2013, and home sales were “stuck” throughout the spring due to the limited number of homes available to buy. Today, inventory levels are slowly returning to normal conditions. As seen …
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The State of the Market — August 2013

A letter from Joseph A. Horning, President of Shorewest, REALTORS® The Wisconsin real estate market has been very active so far in 2013.  Home sales for the first half of the year are up over 10% while homes coming to …
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Shorewest, REALTORS® Lake Geneva Office Breaks Sales Record in June

Our Lake Geneva office enjoying a celebratory luncheon with the Executive Team. The housing market has truly rebounded in the past few years, with more families looking to buy and sell their homes since the housing bubble burst. At Shorewest, …
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Shorewest Reports: Recent Real Estate Statistics Show Strong Growth in May

Both Metro-Milwaukee’s Multiple Listing Service (MLS) and the Wisconsin REALTORS® Association (WRA) recently released their monthly sales reports for 2013. Metro MLS shows that new listings in the Milwaukee region increased 10.3% in May, a welcome relief after the shortage …
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Buying Still a Better Deal than Renting

According to Trulia, it is 44% cheaper to buy versus rent, and homeownership is less expensive than renting in all of America’s 100 largest metropolitan areas. Why? Affordable mortgage rates have kept buying an attractive option for would-be renters in …
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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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