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breaking news

Wisconsin home sales increase despite national trend

By: Millaine Wells
Updated: April 24, 2012
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GREEN BAY, Wis. (WFRV) - The ailing housing market continues to struggle at a national level.

New home sales fell seven percent in March, the largest amount in more than a year.

   

Experts say this is further proof that the housing market remains weak despite the lowest home prices in a decade.

 

However, in Wisconsin it is a much different story.


For the ninth straight month home sales are up.

 

While there are plenty of "for sale" signs experts say do not expect them to hang around long.

 

"It has been a long rollercoaster but it is worth it" says Brittany Matuszak who got the keys to her first house Tuesday morning.

 

"You might as well buy now" she says. "Interest rates are low, its honestly not worth it to rent. If you look at your rent cost and your mortgage cost there's not that big of a difference".

 

Realtor Kim Burton has noticed a spike in traffic at open houses.

 

"It is definitely a buyer's market right now. The neat thing is we're seeing multiple offers now on properties which we have not seen since 2004 and 2005" explains Burton.

 

"There was multiple houses that within 12 - 24 hours, we went home talked about it, called [and they were] gone" says Matuszak.

 

If you have been waiting to buy experts like Burton say now is the time.

 

"I really think we have to have hit rock bottom. I do not see stuff going any lower".

 

To make a quick move on the market get pre-approved.

 

Realtors tell Local 5 we may see another boom of foreclosures.

 

It is  because of the "robo-signing" scandal in which the nation's largest banks and loan servicers signed foreclosure documents without always verifying the accuracy of the forms.

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