Renters - not a lot but of options?!

Are you a buyer looking for your dream home in Milwaukee? As an expert real estate agent in the area, I want to shed some light on a current trend in the housing market: low inventory. That's right, there are more buyers looking for homes than there are homes available for sale.

But why is this happening? One reason is the current low-interest rates, which make it an ideal time to buy a home. In fact, 71% of homeowners in the greater Milwaukee area have a mortgage rate below 4%, which is a crazy statistic! This low rate is not likely to come back any time soon, which could be a demotivator for homeowners wanting to sell their homes and give others an opportunity to buy.

If you're wondering whether this low-interest rate trend will continue, the 5-year average for mortgage rates has been around 4%. This means that homeowners tend to stay in their homes for 8 to 11 years, and if they have a mortgage below 4%, they likely purchased or refinanced in the last 5 years.

Despite the challenges of low inventory, there are still opportunities for buyers to find their dream home in Milwaukee. Working with an experienced agent who knows the market inside and out can help you navigate this competitive landscape and find the right home for you.

So if you're ready to embark on your home-buying journey, don't let low inventory discourage you. Contact me today to start your search and let's find your dream home together!

📲 Questions? Call Us Jennifer 262 853 5151 Michelle 262 389 8901
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We are a mother/daughter duo serving the Greater Milwaukee Area and specializing in the North Shore community. We are a part of the experienced team, JML Realty Group-Realty Executives Integrity. We are excited to be a part of this team because they match our Youtube for Zoeller values of honesty, integrity, and hard work.
Through our combined experience, we have a successful background in marketing, customer service, sales, accounting, and social media advertising. Our priority is to make you feel comfortable and well-informed in the entire buying and selling process from start to finish.
You are more than just a client when you work with us. We invite you to be part of our family and look forward to the opportunity to be there for you when life and circumstances change.

If you want to talk to us about Ozaukee County/ Milwaukee County real estate feel free to email us at [email protected] or call (262) 853 5151 OR (262) 389 8901
JML Realty Group powered by Realty Executives Integrity License Jennifer 92706-94 Michelle 92707-94

The opinions expressed herein are solely that of Jennifer Zoeller, not Realty Executives, and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor before taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.