WI Real Estate group

11/07/2022

I just found this hilarious video on YouTube 📽️🤣🎥 It's called "The Glamorous Life Of A Realtor" and it's a must-watch! 😂 Check it out and let me know what you think! 👇🏻

https://www.youtube.com/watch?v=EAVrx5Nw9rI&ab_channel=GemmaLeggettRealEstateBroker
Real Estate Agent Referral Network & Marketing Tip's

The Glamorous Life Of A Realtor is A funny Real Estate Video where my friend is telling on how it's easy to be a Realtor. Flash back onto some funny anecdote...

11/06/2022

Wisconsin's total property values, including homes, farms and commercial properties, increased 13.8% in 2022, according to a new study.

That was the largest increase in over 30 years.

Meanwhile, gross property tax levies approved in late 2021 for this year's local government budgets increased by 1.6% statewide.

That was far less than the rate of inflation and the smallest increase since 2014, according to new data released Tuesday by the Wisconsin Policy Forum.

With property values growth exceeding the growth in levies, property tax rates continued their long-running decline.

The statewide gross property tax rate fell from $19.60 per $1,000 of equalized property value to $18.64, a 4.9% decrease, according to the forum.

This was the largest drop since 2005 and the eighth consecutive year in which the state’s aggregate tax rate has declined.

https://www.jsonline.com/story/money/real-estate/commercial/2022/09/28/wisconsins-total-property-values-increased-13-8-2022-study-says/10440591002/
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Meanwhile, property tax levies approved in late 2021 for 2022 local government budgets increased by 1.6% statewide, said the Wisconsin Policy Forum.

11/06/2022

A new study shows Wisconsin's housing market is strong with the total value of homes and other property sold in 2021 increasing at the fastest rate in about 15 years.

The Wisconsin Policy Forum study said revenue from fees on real estate sales totaled more than $132 million during the fiscal year ending June 30. That compares with nearly $97 million in revenue for the prior fiscal year.

The nonpartisan civic group's report said the 2021 real estate market was driven by historically low mortgage rates.

The Wisconsin Realtors Association said other factors include strong demand from millennials reaching ages in which people often buy homes, along with a limited supply of homes, the Journal Sentinel reported.

The median value of single-family residential properties transferred in Wisconsin increased from $126,500 in 2016 to $170,000 in 2021, an increase of about 34%.

Check out this Article

https://www.usnews.com/news/best-states/wisconsin/articles/2022-03-24/wi-real-estate-value-increases-at-fastest-rate-in-15-years
Real Estate Agent Referral Network & Marketing Tip's

A new study shows Wisconsin’s housing market is strong with the total value of homes and other property sold in 2021 increasing at the fastest rate in about 15 years.

11/04/2022

Imagination vs. Real life

And you thought being a realtor meant looking good and handing cookies out to potential buyers all day.
Real Estate Agent Referral Network & Marketing Tip's

11/04/2022

Real estate is one of the greatest career paths in the world (if you have what it takes!). Here’s a quick 5-point test to see if you should become a real estate agent. Do not become a realtor if you are... 1. Lazy. 2. Impatient. If you think you’ll make a 6-figure income overnight. 3. A DIY-er. (Do-It-Yourself-er) If you’d rather figure it out on your own. 4. A Quitter. If you give up easily and just want to “try” it out. 5. Not driven. If you need somebody else to hold you accountable. A real estate career is for you if you’re willing to work hard and get training & coaching from someone who already has the success that you want. And if you have a big dream, that will pull you through whatever failure comes your way.

Watch this Amazing video to find out more!

https://www.youtube.com/watch?v=jVa6dqS5b1o&ab_channel=KevinWard-RealEstateSuccessTraining
Real Estate Agent Referral Network & Marketing Tip's

Go to https://bit.ly/3wUq9Hs to register for Kevin's free live real estate training to help you get more leads, more listings, and more life.Go to https://ma...

11/03/2022

"The U.S. inflation rate has been above 8% since March, despite efforts of the Fed to rein in inflation pressures by raising the short-term Federal Funds Rate. While these rate increases can take time to slow the economy enough to bring inflation down to its target of 2%, it’s clear that the Fed intends to stay the course, so we should expect ongoing rate increases in the 0.75% to 1% range for the foreseeable future. This translates to an increased likelihood of recession in the near-term."

Dave Clark, Marquette University Economist and WRA Consultant

https://www.wra.org/HSRSep2022/
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Tight inventory and lower affordability hurt home sales.

11/03/2022

State of Wisconsin Investment Board (SWIB) is reviewing $544m (€562m) worth of potential commitments to real estate strategies, according to a board meeting document.

The pension fund declined to name any of the managers or funds involved.

SWIB is considering committing $150m to a separate account with an existing manager to invest in core apartment assets in the US.

It is also mulling a $100m commitment to a non-core US industrial fund and $50m for co-investment.

SWIB is currently below its target weighting to apartments and industrial assets. Apartments make up 26.6% of its real estate portfolio, below its 28.5% benchmark, the NFI-ODCE index, while industrial represents 21.3% of its portfolio, versus 29.6% for its benchmark.

The pension fund is also looking at investing $219m in alternative real estate sectors, including a $114m core co-investment and a $105m commitment to a non-core fund.

It is also considering making a $25m co-investment in non-core office.

https://realassets.ipe.com/news/swib-reviews-544m-of-potential-commitments-to-real-estate-strategies/10062489.article
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Pension fund looking to increase its exposure to residential and industrial

11/02/2022

The Wisconsin Realtors Association has released its latest sales report. From June 2021 to June 2022, home sales were down 11% in Wisconsin. However, the median home rose by more than 9%.

During that timespan, home listings were down 14%.

June 2022 WI Real Estate Report(Wisconsin Realtors Association)

Most homes sold in Wisconsin were in the southeast region -- at 36%. Home sales in the central and north regions accounted for 7% and 9% of total home sales, respectively.

The biggest change year-to-year was the increase in mortgage interest rates. Last June, a 30-year fixed-rate mortgage was 2.98% percent. Last month, it was 5.52%.

Brad Lois is the 2022 Chairman of the Board of Directors, Wisconsin REALTORS® Association. He said low inventory is limiting sales and driving up prices.

“Even in an environment of rapidly rising mortgage rates, demand remains strong, and homes are moving quickly. This trend is likely to continue, at least through the peak market in the summer,” said Lois.

In Marathon County, the median home price last month was $250,000. That’s up 18% from last June.

https://www.wsaw.com/2022/07/18/wisconsin-realtors-association-low-inventory-continues-drive-up-home-prices/
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The Wisconsin Realtors Association has released its latest sales report.

11/01/2022

Most recent stats for July as of July 21st from Redfin:

for the week ending July 21, 30-year mortgage rates rose to 5.54%, up from 3.11% at beginning of 2023.

Fewer people searched for “homes for sale” on Google— down 23% from 12 months ago.

Redfin Homebuyer Demand Index is down 17% year over year during the week ending July 17.

homebuyer touring activity fell 2% from the start of the year, compared to a 22% increase at the same time last year

Mortgage purchase applications were down 19% from a year earlier during the week ending July 15 to the lowest level since April of 2020.

https://gordcollins.com/real-estate/us-housing-market-forecast/
Real Estate Agent Referral Network & Marketing Tip's

This epic report on US home sales and housing prices provides stats from the latest research from NAR, Case Shiller, Redfin, St Louis Fed, Census.gov and more. Get up to date prices of homes for sale and see the latest real estate market trends. Home prices continue to rise although supply is the bi...

11/01/2022

Did you know?

According to Redfin, only five years ago, the median sales price of a home in January 2017 in Milwaukee was $88,000. Prices have almost doubled in the past five years, and the market has become much more competitive. This is demonstrated by the median home sales price in the city being significantly higher than the median listing price.

Homes have traditionally been more expensive in Madison, Wisconsin’s second-biggest city and the state capital. Madison is still not a particularly pricy market, but prices appear to be going up. According to Rocket Homes, the median sales price of a home in Madison was $252,029 in January 2022, an increase of 22.6% from January 2021.

https://havenlifestyles.com/wisconsin-real-estate-trends-entering-spring/

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10/31/2022

You Can Now Buy Real Estate in the Metaverse

Looking for another way to build your wealth portfolio? You might consider investing in virtual land. Yes, you can own real estate in the metaverse. For those brave enough to explore a strange, less-touchable, new world, building a virtual portfolio may be the next big thing.

Ironically, virtual land has a lot in common with IRL real estate—it’s unique and in limited supply, you can use it to build leasable properties that generate income, and you can sell it and make a profit using non-fungible tokens (NFTs) that secure your ownership of any assets in the virtual world.

https://theclose.com/real-estate-facts/
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We compiled a list of real estate facts that are peculiar, surprising, quirky, and even bizarre — but they're all actually true.

10/31/2022

Prices won’t drop!

Those hoping competition will slow in 2022 are out of luck, according to economists from Zillow and Realtor.com. Economic trends including tight supply, elevated demand and low mortgage rates will continue to give sellers the upper hand.

Potential buyers can expect bidding wars on many homes, particularly in the spring and summer. While no one can predict exactly what will happen, the trends listed above mean prices will continue to climb. In fact, Zillow predicts home values will rise by 11% in 2022 — not as much growth as in 2021, but still substantial.

https://www.cnbc.com/2021/12/29/what-will-the-2022-housing-market-look-like.html

What do you think about that?
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Housing experts say buyers can expect similar market trends to the past two years: elevated prices, low inventory and fast turnaround.