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Modest Home Price Increases Predicted
Posted on December 10th, 2009 No commentsThe chief economist for the National Association of Realtors expects “modest” price increases for homes by the middle of next year, and buyers who have been holding off may be lured by the extension of federal tax credits, according to a story in the Milwaukee Journal Sentinel.
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Tax Credit Increases Milwaukee Home Sales
Posted on November 11th, 2009 No commentsFueled by a tax credit for first-time buyers, sales of existing homes in the metro Milwaukee area soared 33.9% in October compared with the same month last year. It was the fifth consecutive month that home sales have risen from the same month in 2008, the Milwaukee Journal Sentinel reported.
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New, and Extended, Tax Credits for Homebuyers
Posted on November 5th, 2009 No commentsCongress extended the first-time homebuyers credit of $8,000 and added a tax credit of $6,500 for existing homeowners who are moving. The income limits for both credits are The income limits for both credits will be $125,000 for singles and $225,000 for joint filers. Read the Milwaukee Journal Sentinel article.
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Foreclosures Keep Rising Amid Layoffs
Posted on November 4th, 2009 No commentsForeclosures through the end of October already have topped the record for last year, driven more now by job loss than subprime mortage defaults. The experts say the foreclosures aren’t likely to slow down until companies begin hiring again, the Milwaukee Journal Sentinel reported.
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Index Tracks Dane Cty. Distressed Properties
Posted on October 21st, 2009 No commentsA new index designed to chart the prevalence of so-called distressed properties in Dane County, Wis., could help home buyers, sellers and agents get a better handle on how rising rates of foreclosure are affecting the local housing market. For September, the index was 0.24, suggesting that nearly a quarter of total home sales in the county involved distressed properties, or those related to foreclosure or the threat of foreclosure, according to the Wisconsin State Journal.