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Housing Prices Dropping

Time Magazine online recently reported on a report from Trulia.com indicating that housing prices around the country are dropping fairly significantly. Minneapolis and Milwaukee lead the way.  The report says 39% of sellers in Milwaukee dropped their asking price recently by an average of 9%. See the article and report here.

From Slate.com and the Wall Street Journal

Home Prices Expected To Start Climbing Next Year

There's lots of good news in the real estate industry for a change. A new survey of economists and housing analysts by MacroMarkets LLC predicts that home prices in the United States will start recovering by 2011. On average, those surveyed expect prices to rise by about 12 percent in the five years ending in 2014. When looked at individually, though, some of those surveyed were wildly optimistic. Joseph LaVorgna, an economist with the esteemed Deutsche Bank, for example, expects that over the next five years home prices will rise by 37 percent. "Separately, the U.S. Census Bureau reported that single-family housing starts in April surged to a seasonally adjusted annual rate of 593,000, up 10.2 percent from March," the Wall Street Journal reported. MacroMarkets LLC, the organization behind the survey, was co-founded by Robert Shiller, a Yale University economist known for creating the Case-Shiller indexes.

Read original story in The Wall Street Journal | Wednesday, May 19, 2010

Are you better off renting or buying?

 Compare the costs of buying and renting equivalent homes with this neat interactive chart - click here.

Real Estate Market Bottom Within Sight

Wisconsin is one state where the bottom of the real estate market may be in sight, according to recent sales figures. See full article here: Housing Predictor.com

Sunlit Realty Web Site

The Sunlit Realty web site is online and almost completely ready for action. You can get all the basic information about our discount services here, as well as a sneak peak at our listings page (currently filled with a random sample of local MLS listings) and our for-sale-by-owner section. Check it out: www.sunlitrealty.com.

Welcome to Market Tracker!

Welcome to Sunlit Realty’s Market Tracker blog! Thanks for visiting.

It’s June 26, 2009 and I am just getting started, after several months of prep work. My first listing appointment is scheduled tomorrow, in Watertown.

Sunlit Realty offers discount real estate services to buyers and sellers in Dodge and Jefferson County, Wisconsin. Our services our high quality. Our brokerage fees are low cost! Buying and selling a house won’t cost you a small fortune with Sunlit Realty on your side.

Sunlit Realty is locally owned and operated. We are independent and proud of it. We can save you big money compared to a traditional full-price firm.

I’m sure this blog will evolve over time, but my main goal is to be useful and of value to local residents. I will update the blog at least once a week with information on current market conditions, recent sales and other relevant real estate facts. This information should help you determine comparable prices for properties you are interested in or may be about to sell – and get a general sense of how things are going in our area.

I also plan to post some photos from time to time, as well as personal reviews of restaurants and other businesses I visit in my travels around the area.

Call or email me any time with questions or comments about the blog or anything real estate related. (920-261-0036)