It seems that no matter what the circumstance Wisconsin is always behind the rest of the country. The songs being played on the radio are songs that you may have heard when visiting Arizona or California six months prior. Fashion trends only become popular when the rest of the country has found it to be socially acceptable. The same holds true for Wisconsin's real estate market. While many parts of the country are crawling out from the hole the real estate boom created, areas like Milwaukee are just starting to see the magnitude of the economic crisis that others have already experienced.
It is just now, in the Milwaukee area, that we are seeing foreclosures hitting the market in every price range. It is no longer just the lower priced homes. It is no longer just the homes that are in need of a complete rehab. The other day I showed a foreclosure that was $450,000 in Menomonee Falls. It was a 4000 sqft newer home and in move in condition, complete with appliances even a large screen TV behind the wetbar in the lower level.
Bank owned homes are popping up throughout Milwaukee and its suburbs along with surrounding Waukesha, Washington and Ozaukee Counties. It is rumored there are over 11,000 bank owned homes are ready to hit the Milwaukee market. If you are looking to invest in real estate, I suggest you browse the Milwaukee market. If you are looking for a good buy whether you are planning to downsize or you need something with more living space, now is the time to buy. Feel free to contact me through my email jennifer.luna@cbexchange.comor call me @ 414.975.2390 to set up an individualized search of foreclosed home in the Milwaukee, Waukesha area. I am a certified short sale and foreclosure resource agent -SFR® in the Milwaukee, WI area.
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