Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

 

April 8, 2022

Fun Easter Craft Ideas!

Easter is approaching and with April 15th being World Art Day, what a great excuse to get creative. Check out the link below for some fun easter craft ideas. Our personal favorite is the Happy Hoppy Paper Bunny found HERE

Easter Craft Ideas HERE

 

Other great craft ideas for World Art Day can be found below..

Kids

Teens & Tweens

Adults

 

Posted in Community News
March 13, 2022

A FIRST-TIME HOME BUYER’S SIMPLE GUIDE TO SUCCESS

Let’s get started! You have decided you are ready to buy your first home. It’s an exciting time that can also be daunting. Maybe you’ve been wondering how to begin, how to make sure you don’t get taken advantage of, and how to prepare for one of life’s most significant investments. Here to help you is our First-Time Home Buyer’s Guide to Success to get you ready to find the home of your dreams:

Money Talks

First things first. You can’t start searching for your first home until you’ve determined three critical financial factors:

  1. How much debt do you currently have (tip: pay off as many loans as possible and have 3-6 months of living expenses saved before beginning your home-buying process)

  2. Your current credit score – the better the score, the better chance you have of getting approved for a loan; a higher score may also make you eligible for a lower interest rate

  3. How much house you can afford – Contact us to get in touch with one of our preferred lending partners who can help you determine your future house payments.

Find an Expert Realtor

Now that your finances are in order, it’s time to find a professional Realtor to help begin your search. Our agents at Caskey & Caskey and Associates are the best in the business with a proven track record that defines their expertise. Get to know them here – simply click on a photo to learn more about each agent and see why we are proud to call them one of our own. Then contact us to make an appointment to meet in person. Ask questions and get to know each other – your partnership will best succeed when you communicate your desires and trust your new agent to guide you in the process of finding your first home.

Location, Location, Location

Begin your search by getting to know your potential new neighborhood. Now that you’ve partnered with one of our agents, be sure to ask them questions about lifestyle, history, and resale value. Visit the area in the daytime and at night and meet some of the residents to get a feel for your prospective future neighborhood. 

Make An Offer

Your expert agent will guide you step-by-step as you begin the process of homeownership. Once your offer is accepted, you will enter into the contract phase, followed by an inspection and appraisal, loan approval, and finally – the close of escrow. Welcome home!

 

Posted in Buying a Home
March 9, 2022

WHAT TO AVOID WHEN BUYING A HOME

A new season is upon us –  A change of season often brings about a transformation in our lives, prompting us to move forward with plans formerly shelved and hoping to make a change or check things off our list before the holidays arrive. So if you’ve been toying with the idea of buying a home and finally making that move, we’d like to offer a few common mistakes and pitfalls to avoid during the process:

 

1. One of the most common mistakes homebuyers make is getting caught up in the emotion of buying a home. “Falling in love” with a place doesn’t always make it right, so it’s best to take a step back and consider these essential factors when you find a home you “love”:

 

• Price – Is this home within our budget? Is there any wiggle room? Don’t overextend yourself, or you may regret it before you’ve even had time to unpack.

• Location – Is this where we want to live? How is the neighborhood? What are the people like? Is there an HOA that will limit my creativity?

• Investment – Remember, buying a home is one of the most significant investments you’ll make, so be sure your “must-haves” line up with this type of purchase.

 

2. Don’t take shortcuts. In today’s marketplace, you want to make sure you don’t buy a house sight unseen or skip any crucial inspections. Going the extra mile by hiring your own plumbing company to ensure the pipes are in good condition or having your contractor or interior designer do a walk-through with you are some ideas to ensure the home you’re buying is ready for move-in. Despite the lower inventory in today’s marketplace, skipping any steps can only lead to future headaches, so take your time to get it right!

 

3. Don’t move too quickly. As we’ve mentioned before*, make sure you know your financial status, that you’re pre-approved for a loan, and that you’ve met with your realtor so s/he knows your wants, needs, and expectations. If you’re searching for a new agent, connect with one of our team members here to get started. Making sure you’ve got everything lined up before you begin your search will go a long way to ensuring a smooth transaction once you’ve found your dream home. Check out our current listings and happy hunting!

Posted in Buying a Home
March 8, 2022

2022 Experts Predict The market will remain with Sellers

1. Low Inventory

Scarcity is far and away from the number one reason 2022 will continue to be a seller’s market. Homes are selling before they hit the market, going into escrow weeks after they’re available. Redfin reported 10 Housing Records that were broken in 2021, one of them being the lack of homes for sale. There were just 1.38 million homes available in America in June (down 23% from the previous year). The typical home sold in just 15 days. There were countless stories of homes sold over list price, all-cash offers, and homes sold off-market. Bidding wars became the norm, with 75% seeing multiple potential buyers compete against each other. It has become a tiresome process for buyers, but sellers enjoy the spoils.

2. Selling prices are at an all-time high.

According to the National Association of Realtors, the median home selling price increased to an all-time high of $358,000  in June 2021 (up 24% over a year). In addition, the affluent are looking for second homes at an all-time high. Redfin also reported that luxury homes sold 26% more than 2020 (likely thanks to the booming stock market). Second homes are often of the luxury variety - a vacation home offering oasis and subtle opulence. Sellers in desirable locations with beautiful homes and breathtaking lake or mountain views have an excellent opportunity to sell to a second home.

3. Mortgage Rates are at an all-time low.

Mortgage rates hit their lowest ever - just an average of 2.65% 30-year fixed rate. This fact is favorable for both buyer and seller. With low mortgage rates, the pool of potential increases. For buyers, this opens up opportunities for a new home, but it also saturates the market. For sellers, low mortgage rates are purely a good thing.

****DISCLAIMER: All the information is provided from multiple real estate sources, including but not limited to licensed real estate agents. The information is not verified for authenticity and is not guaranteed. This website and blog are not liable or responsible in any manner for the content herein or in connection with other services. Information is not guaranteed and must be confirmed by the end-user.

 

March 7, 2022

Hello Spring!

Springtime is quickly approaching. It is time to spring clean and start planting your flowers or vegetable garden. Below we have some great tips for both.

Get Organized

2

When and WHAT you should plant.

Spring garden calendar: When to plant fruits and vegetables in Wisconsin |  Vegetable garden planning, Garden calendar, Planting calendar

 

March 7, 2022

Low But Rising Interest Rates

Buyers and sellers have been enjoying low-interest rates for a couple of years now. But with an increase at the end of December 2021 (up to 3.11%), the low rates are rising. 

 

The economy is stabilizing, and the Omicron strain isn’t as dire as was initially predicted. Though the ultra-contagious pressure is still more severe, symptoms are milder, and people are recovering better. But this is a blog about real estate, not another piece on Coronavirus. 

 

The economy is evening out, but inflation is at an all-time high and still rising. Sam Khater, Freddie Mac’s Chief Economist, says, “Data suggests that the economy remains on firm ground, particularly cyclical industries like manufacturing and housing.” We’re in this sweet spot where the economy stabilizes, but interest rates are still low. NOW is the perfect time to take advantage of low rates to boost your real estate investments. 

 

Many economic and personal factors go into finding your best available rate. Unfortunately, we don’t have control over the strength of today’s economy or employment numbers. Still, you can ensure that your credit history is in line and determine the size of your down payment. Comparing rates from different sources takes some legwork, but it’s worth it if you can finally buy your dream home.

 

July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates