A new state report says the Wisconsin housing market is expected to handle the current turmoil better than the rest of the country.September 30, 2008 The analysis from the state Department of Revenue -- done before yesterday's Dow Jones plunge -- shows Wisconsin home prices rose one percent in the second quarter versus a year ago, while national home prices dropped nearly two percent. When it comes to foreclosures, Wisconsin's also outperforming the nation. The state analysis says while Wisconsin has a higher rate of sub-prime mortgages in foreclosure than the nation, the state has fewer such loans overall. But the state housing market hasn't reached bottom yet. That's because Wisconsin home-building permits continue to fall, and foreclosures continue to rise. According to the state report, Wisconsin home-building permits are expected to hit bottom in the next few months and then start to recover in late 2009.
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 Our builder showed us how we could get into the school system we wanted and a home that’s flexible enough to accommodate our growing family. We’ll be closer to work, and we’ll also save energy on our utility bills. It’s a win – win for everyone. The kids can’t wait to explore the new neighborhood and we can’t wait to settle in. To think, we almost stayed away from building a new home because we were worried about the mortgage crunch. When we discovered that 99% of homes are not in foreclosure; that made us feel secure in our investment too. |
