The Banker
Housing Market on the Move Upward?
The housing market appears to be moving in Menomonee Falls. My neighbors house was on the market last year with little activity. The house went back on the market in February. It how has an accepted offer. I noticed another neighbor appears to have had a home inspection. The sign hasn't changed but I expect it too.
What is your take in your town and in your your neighborhood? Is the Milwaukee real estate market gaining some traction?
Menoparent
11:29 am on Thursday, May 3, 2012
The market will only be moving upward when sold prices go up. They are all selling at market low prices. The homes that have been on the market and selling fast all depends on how low the seller is willing to go because of their desperation for the money over price.
Randy1949
11:55 am on Thursday, May 3, 2012
I have always looked at my home as a place to live rather than an investment, and I never plan to sell, so I view this from the fringes. If anything, the boom in the price of housing hurt me through a rise in property taxes.
One could view the drop in home prices as a necessary market correction. It's very sad for the people who got caught in it and are now forced to sell.
James Gottemoller
8:17 am on Monday, May 21, 2012
Menomonee Falls for about 5 weeks running has home sales listed in the Sunday paper at 10+ units each week. The wheels of the market are on the move.