32 - Metro Milwaukee Market Update November, 2022
Manage episode 346771149 series 3399080
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Industry and real estate expert John G. Gscheidmeier says it best in this episode - "We are in a period categorized as follows: a deceleration of price appreciation".
The market is still strong - despite what national and local new outlets will tell you. Are interest rates higher? There is no doubt - they've doubled in the last year. The federal government isn't doing us any favors rate-wise but they are attempting to slow real estate sales for sure. It has taken it's toll on first-time home buyers and even experienced buyers. Sellers are no longer receiving multiple offers (sometimes upwards of 10 or more).
What we do know it that it is still a great time to buy or sell. John walks you through what the market is telling us, and how the market will likely continue in this pattern for some time.
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