Jumbo Mortgages Staging a Comeback in Milwaukee?

By
Real Estate Agent with Weichert Realtors, Precision

Jumbo Mortgages Staging a Comeback In Milwaukee WI

According to recent articles including an analysis by Linda Sterm with Reuters found here it appears that they may be doing just that.

Prior to the housing bubble bursting home loans that exceeded Agency Limits ($417,000) were plentiful and the market was robust. But since the the bubble burst the market all but dried up. It seems that may be changing.

Luxury Market Outpaces Lower End of Market

According to the Wall Street Journal Article by Michael Strozier entitled Lenders Loosen Up ...... With Luxury Buyers sales of homes between $750,000 and 1 Million are up 38.7% while homes selling for over 1 million are up 25.7%. The Article cites information obtained by the National association of Realtors. It appears that credit markets are stabilizing for very well qualified borrowers and the appetite for Jumbo and Super Jumbo Mortgages is growing. 

Milwaukee Luxury Homes

There are multiple areas in Milwaukee that make up the High End of the Real Estate Market here. From the High end Condos in Downtown Milwaukee to areas like Whitefish Bay, Franklin, Shorewood, River Hills, Bayside and Fox Point all have Luxury Real Estate for Sale. 

 

If you are in the Luxury Home Market

Please give me a call at 262-308-7122 or e-mail me at randal.keberlein@bmo.com.  We currently are offering a rate discount for purchase loans.  Please call me for details.

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Tags:
luxury homes
jumbo
milwaukee
super jumbo

Spam prevention
Show All Comments
Rainer
314,444
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Great news for all of us. If money does lossen up then we could all be in for a good run.

Mar 09, 2013 02:44 AM #1
Rainer
132,474
Randal Keberlein
Weichert Realtors, Precision - Kenosha, WI

Jimmy,

Thanks for commenting and I agree. It would be nice to get some momentum building.  It seems we are close to turning things around.

Mar 09, 2013 02:59 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
132,474

Randal Keberlein

Ask me a question
*
*
*
*
Spam prevention