Northeast Wisconsin Housing Market update for Week Ending January 30
The Northeast Wisconsin housing market continued to be tough during the week of January 24. As many houses closed off the market as came on the market new.
30% of the homes in Winnebago, Outagamie, and Fond du lac counties are under contract within that same few days of going on the market.
Interest rates leveled off this week with no change according to Freddie Mac. Lenders are sharing that they are just as surprised at the quick ascent of interest rates in 2022. Homes remain affordable, but it's important to understand your buying power when rates move quickly like this.
Buyers are getting fatigue early in 2022 as they try to compete for so few homes. It's important to understand week to week what is truly happening in the market as you try to compete.
Watch our video update here:
Freedom Team Real Estate Agents serving Appleton, Neenah, Oshkosh, Fond du lac and surrounding areas in Wisconsin. Check us out at www.joinfreedomteam.com or by calling us at 920-410-7230 today.
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