Wisconsin Profile of Home Buyers and Sellers report
Housing market strength has continued to support
record volumes and home price gains for the past several years.
More generally, the housing market has contributed to the
broader health of the national economy by fueling economic
growth. An important factor underlying the strength in the
housing market is the strong desire by households to own a home.
First-time buyers are seeking pride of ownership while trade-up
buyers are looking for a home that more closely fits their
current lifestyle. Even with a strong desire for a home, low
interest rates and an efficient mortgage finance system, the
selection and purchase or sale of a home is a complex
undertaking for both buyer and the seller. The Internet provides
a multitude of resources for buyers and sellers from free credit
reports to photos of homes for sale. However, matching the
financial capacity and demands of home buyers with the available
homes for sale at current prices is a challenging task.
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