making home affordable: Have Median Home prices reached Historical "Normal" levels?
- 02/03/10 07:12 AM
A new article in Wisconsin Real Estate magazine January 2010, we are starting to reach our historical median norms for Wisconsin. While these are market and price range specific, it appears that home price have fallen back close to a normal range. In our local area of Appleton, Neenah, the Fox Valley and NE Wisconsin, I have seen this happen, but most experts locally say a 3-5 % reduction is still out potentially there in the median market price range. I think the price downward slide from "Sub Prime" lending has slowed. In contrast, the effect of "Option Arms" is not … (0 comments)
I write about real estate topics specific to foreclosure, short sales and mortgage trends. I try to inform readers how this relates to them and how it may affect their buying and selling of real estate.
A new article in Wisconsin Real Estate magazine January 2010, we are starting to reach our historical median norms for Wisconsin. While these are market and price range specific, it appears that home price have fallen back close to a normal range. In our local area of Appleton, Neenah, the Fox Valley and NE Wisconsin, I have seen this happen, but most experts locally say a 3-5 % reduction is still out potentially there in the median market price range.;)
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