It's a tough market out there, competition is high, and mortgage rates have been stubborn. A lot of families are asking me, is it still a good time to buy a house?

I think most people would agree, they would rather see mortgage rates and house prices lower, (unless they already own a home, then they want their equity to rise). That being said, will real estate in Wisconsin get any more affordable than it is today? 

That lead me to do one of my favorite things, research!

​People are moving to Wisconsin!

A recent survey revealed that 60% of households moving across state lines are doing so for affordability reasons. This raises an important question: Are people moving to Wisconsin because it is affordable? The answer is a resounding yes. Wisconsin has seen a positive net migration over the last few years, meaning more people are moving to our state than leaving. One significant factor is that our housing is, on average, 18% cheaper than the national average

Wisconsin has a Stable Housing Market!

While house prices and mortgage rates have risen in recent years, Wisconsin's housing market remains stable and less volatile compared to other regions. Unlike the West Coast, which experiences massive increases and corrections, Wisconsin has a history of steady, stable growth. For instance, house prices in Wisconsin rose by 5.6% from 2023 to 2024. This stability makes Wisconsin a safer investment for homebuyers.

Gen Z's Want to Buy Houses!

The Gen Z demographic is particularly eager to own homes. Impressively, 30% of 25-year-olds in this generation already own homes, a higher percentage than Millennials and Gen X when they were the same age. As Gen Z continues to age into homeownership, we can expect increased housing demand in the coming years, further solidifying the market.

The Future is Bright for Wisconsin's Economy!

With inflation starting to moderate and incomes on the rise, experts forecast that personal income in Wisconsin will outpace inflation in 2024 and 2025. This means that people will receive raises without an equivalent increase in the cost of living, easing budgets and making homeownership more attainable.

Any questions? Text me at 414-488-0438!