Wisconsin market had great success in 2013 as home sales rose 10.8 percent | Mortgage Loans in Wisconsin
Posted by Todd Rubick on
Home » News » Market Conditions | Wisconsin market had great success in 2013 | (970) 445-4977 | Refinance | | Tools | | Contact
Mortgage Loans CO - Estes Park, Denver | Mortgage Loan WI - Madison, Milwaukee | Mortgage Loans MO - Hannibal, O'Fallon
Apply Now Buy a Home Refinance
Wisconsin market had great success in 2013
Market Conditions \ February 4, 2014 02:54 pm
"Mortgage rates have increased a full percentage point since January, and median prices have grown consistently throughout the year," said Steve Lane, president of the WRA board of directors. "Yet the entire state posted genuine gains in 2013, a trend we hope and believe will continue into the new year."
Strong sales
Some state experts say new homeowners were encouraged to enter the market due to rising mortgage interest rates, as they looked to secure lower rates before they increased more. In addition, increasing rates are a sign of more stability, especially as they moved up from near-record lows .
"I think the interest rate got them off the fence," said Wisconsin-based Realtor Paula Langlois. "It didn't stop the market. It moved the market forward because they realized that probably yesterday was the best time to buy."
The number of unique foreclosures in Wisconsin also dropped a whopping 31.9 percent to 15,563, dramatically cutting down on the housing inventory, according to the report. A 5 percent increase in new listings wasn't enough to add to the inventory, said Michael Theo, WRA president and CEO.
While decreased inventory could hamper those who are looking to buy a new home this year, what housing is available remains affordable, according to the Wisconsin Housing Affordability Index. The percent of median-priced homes that a family with median income can afford with current mortgage rates and a 20 percent down payment was 227 in December, down from 274 in December 2012.
Mortgage Lending Real Estate Knowledge Base
Questions about buying or selling your existing home?
Categories: All | Choose a REALTOR | | Working with a REALTOR | | Buying | | Selling | Financial | | Homeowners |
Mortgage and Real Estate News Categories
Home Buyers | Market Conditions | | Mortgages | | Purchase Markets | | Realtor Information | | Refinance
Home Financing Archive
August 2013 | September 2013 | October 2013 | November 2013 | December 2013 | January 2014 | February 2014 | July 2014 | August 2014 | September 2014 | October 2014 | November 2014 | December 2014 | January 2015 | February 2015 | March 2015 | April 2015 | May 2015 | June 2015 | July 2015 | August 2015 | September 2015 | October 2015 | November 2015 | December 2015 | January 2016 | February 2016 | March 2016
Real Estate Lending Options
30 Year Fixed Rate Mortgage | 15 Year 30 Year Fixed Rate Mortgage | Adjustable Rate Mortgage (ARM) | FHA Loans | VA Loans | USDA Loan | Jumbo Loans
Mortgage Banking Learning
Mortgage Glossary | Refinancing | Loan Options | Home Purchase Basics
Home Borrower Tools
How Much Can I Borrow? | Mortgage Calculator | Mortgage Rates | Forms
About Amax Lending
Company | Senior Loan Originators
Home Purchase Loans in Madison and Milwaukee WI
Mortgage Loans Springfield, Hannibal, St. Louis, MO
Purchase Real Estate Loans Denver, Boulder, CO
Google Maps: Mortgage Loans Madison WI | O'Fallon MO | Denver CO
Facebook: Mortgage Wisconsin | Mortgage Missouri | Mortgage Colorado
Apply Now Buy a Home Refinance
(970) 445-4977
VA Home Loans , FHA and USDA Home Loans in Colorado
TMortgage Loans Colorado Real Estatee - (970) 445-4977 | Mortgage Calculator Options with Loan Quotes. Get Started Now With Amax Loans Mortgage! Lock Your Rate - Calculate Payments - Compare Loans - Skip the Bank - Types: FHA Loans, HARP, VA Loans, ARM | Boulder, Ft Collins, Aspen, Pagosa Springs, Colorado Springs, Pueblo, Golden, Grand Junction, Steamboat Springs, Denver CO, Hannibal, Springfield, Troy, O'Fallon, St Louis MO, Chicago, Quincy IL | Home Loans in Armenia WI, Baraboo WI, Beaver Dam WI, Beloit WI, Brooklyn WI, Columbus WI, Deforest WI, Dell Prairie WI, Dodgeville WI, Edgerton WI, Fitchburg WI, Fort Atkinson WI, Germantown WI, Green Bay WI, Green Lake WI, Janesville WI, Lacrosse WI, La Valle WI, Lake Delton WI, Lake Mills WI, Lodi WI, Madison WI, Mauston WI, Mazomanie WI, Merrimac WI, Middleton WI, Milton WI, Milwaukee WI Monroe WI, Montello WI, Mount Horeb WI, Necedah WI, Oregon WI, Platteville WI, Portage WI, Prairie Du Chien WI, Princeton WI, Reedsburg WI, Ripon WI, Rome WI, Spring Green WI, Stoughton WI, Sun Prairie WI, Tomah WI, Verona WI, Watertown WI, Waunakee WI, Windsor WI
Amax Lending: Mortgage Loans Colorado Real Estate
We offer all types of mortgage home loans that are offered on the market today. Fixed Rates, Adjustables, Perfect Credit or not so perfect... If you can be approved for a loan, we can find the right one for you! Using a Mortgage Loan Officer that has access to all sources of lending institutions helps people get the best loan for their situation and offers all options on the market vs the programs at one bank.
Call Todd Rubick of Amax Lending and tell him why the bank said no... If your tax returns do not show your true income, or credit is less than perfect... Our all source lending strategies can be used to find the right program from the right bank to get your loan approved.
Buying a home in Wisconsin apparently was a popular decision in 2013, as home sales rose 10.8 percent last year and prices increased 7.2 percent, according to a new report from the Wisconsin Realtors' Association. While that means prices and sales may slow this year, the market's success last year was noteworthy.