Wisconsin Market: 2017 is the Right Time to Move


 

Is now a good time to get into – or back into – the housing market? “Yes!” It’s a simple answer to a complex question, and that’s why we’re here to help. Whether buying, selling, or building, now is a great time to dive into the strong Wisconsin housing market.  Below you’ll find recent housing trends that prove 2017 is the time to get moving… literally!

Increasing home prices

In 2016, existing home sales and home prices both rose steadily. In fact, from November 2015 to November 2016, Wisconsin home sales were up 19% and median prices rose 8.3%. With this trend only expected to continue, why wait to start the search for your first – or next – home?

Rising home construction

New home construction permits also rose in 2016. With only so many existing homes available, expanding neighborhoods and new home builds are on the rise. Check out our popular construction loan to see if building or remodeling your new home could be the right solution.

Rates at historic lows

Mortgage interest rates are still very low, helping to contribute to the fast-paced market. Because all signs point to upcoming rate increases, earlier is better for locking in your rate. Rates are always subject to change, so being in touch with a knowledgeable, local Loan Officer is the perfect way to stay informed.

For these reasons and more, consider now the time to buy, sell, or build your home! Competitive housing markets make having a trusted lender especially important. Whether you’re ready to be pre-approved or simply seeking home buying guidance, you don’t need to look further than your community bank. At Great Midwest Bank, we have the expertise and understanding to help you find your dream home in 2017!




Sign up for our newsletter to get smart finance tips every month!