Well the numbers are out!
Nationally there is 9.9 months of inventory on the market. Too much to help a rebound in prices.
In SE WI however we are above the national average. This inventory will take sometime to shrink and the foreclosures keep coming.
That being said, first time home buyers should be coming into the market in droves!
With the tax credits available, low interest rates, low prices and selection, there has never been a better time for someone to get out of paying the landlords mortgage and start building their own networth. Yes, the market will turn around and yes price will eventually start back up. In the mean time, there are many deals out there that at current interest rates a buyer will be paying less than rent.
If you or someone you know is renting and plan to be in the area for 3 or more years you(they) need to act now before the best is gone.
Call me, I can help! 920-988-0588.
Make it a great day, the choice is yours!
Rich
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