April Update

Bob Arnold says “Don’t Blink!!! Or it might be gone”

 That’s what it feels like in some of the markets. Activity in some areas is as high as, 50-60% active market, with accepted offers more than active listings.  March 12, 2013 GMAR report stated  – While the market is strengthening, it is still too early in the year to say with any confidence that the Milwaukee market will see universal price increases this year. It is still a buyers’ market, but just slightly.
The law of supply and demand would seem to dictate prices should increase soon. With a low supply of homes, stable or increasing demand, historically low interest rates, and positive external factors such as consumer confidence and employment, prices should be pushed upward as buyers outbid one another for a listing. The still very low interest rates make it a market buyer should not pass up. It is not unusual be involved with multiple offers on properties. As busy as the market is we haven’t even hit the peak yet. Buyers are still coming out thinking the spring market is just starting…. Ha Ha!. Warmer weather and pent up demand will create a very busy year.  Remember we have 5-6 years of buyers built up.
Choosing a full service, full time Realtor is especial important in this market. Either selling a home or looking to purchase, an active experienced agent is almost a must and will save you money purchasing and make you more money selling. The offer/negotiating process is just the tip of the iceberg. Home inspections, financing, all play an important part of the buying prices.  Good negotiating skills and experience are still some of the most important assets in a good agent in today’s market.

Thanks,
Bob Arnold