Mortgage Blog

 Q. Is it a good time to buy a home?

A. Yes, it IS A Good Time To Buy A Home! When you read the newspapers, and watch the news, you may get the idea that all real estate markets are the same in the USA. However, there is NO national real estate market. The markets are local! When you are looking to buy or sell, look at price trends, volume, and inventory in the local market. Don't judge the Wisconsin market or your local market based on national indicators.

The statewide market in Wisconsin is much different than California, Florida or Nevada. We are in a fairly stable market here and growth in home values may continue soon. While we have probably had some decline in values in some areas and some price ranges in Wisconsin, we are likely near the low point of real estate values.

Estimates show Wisconsin's population will increase by almost 190,000 from 2005 to 2010. See

www.doa.state.wi.us. It is a "buyer's market". Interest rates are LOW. Prices are low. The winter season is approaching and there is a wide selection of homes to buy. Bottom line is, it's a GREAT TIME to buy!

What are your thoughts?

John