Skip to main content

Wisconsin Housing Inventory Down 17.1 Percent

Phil Hall
May 02, 2018
The Wisconsin housing market is being severely impacted by a shrinking inventory that is driving up prices while driving down sales, according to new data from Wisconsin Realtors Association

The Wisconsin housing market is being severely impacted by a shrinking inventory that is driving up prices while driving down sales, according to new data from Wisconsin Realtors Association.
 
During March, the WRA determined the state’s housing inventory was down 17.1 percent from one year earlier. This contributed to a 2.3 percent year-over-year decline in sales during March, as well as the seven percent year-over-year price hike on homes to $174,900.
 
Complicating matters was the latest data from the Wisconsin Housing Affordability Index, which represents the fraction of the median-priced home that a household with median family income can afford to buy with a 20 percent downpayment. The index stood at 201 in March, a slide from the 219 level set in March 2017 and 235 in March 2016.
 
"Declining affordability is likely to be the norm this year as rising mortgage rates and rising prices are likely to continue throughout 2018," said WRA President and Chief Executive Officer Michael Theo. "Buyers need to be pre-approved on their financing, and they need to recognize that coming in with a clean offer without contingencies is important in today's fast-moving market."

 
Published
May 02, 2018
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021