Milwaukee List Prices Up 20%! - February 2024 Market Update

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Marcus Auerbach
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Marcus Auerbach is a top 1% agent in the Greater Milwaukee Area. He lives in Mequon, an engineer by trade, corporate management background, real estate investor, he is the owner of On Point Realty Group / Keller Williams North Shore.
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Опубликовано:

16 фев 2024

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Комментарии : 13

@anthonyparish3034 4 месяца назад

Do you think people are moving away from the suburbs back to certain parts of the city of Milwaukee?Us it a coming trend ? I see businesses moving back to the city from the burbs

@MarcusMKE 4 месяца назад

Yes I think you are right, we do see that, but it's really case by case. We see boomers move back into MKE, mostly the downtown area. They are empty nesters and don't care about schools, but want to close to the action. First time home buyers are absolutley looking at the city of Milwaukee, often their parents live in the suburbs. We also see a lot of young families move into walkable neighborhoods with coffee shops etc like Tosa, parts of West Allis, North Shore obviosuly, but if they have kids highly rated schools are a big consideration for them. Overall the city is on a good path and we will see probably more of that. There is an initiative from the major called Growing Milwaukee that is looking at re-zoning and re-development areas into walkable neighborhoods with mid-rise buildings that could really amplify this trend.

@anthonyparish3034 4 месяца назад

@@MarcusMKE Wow it explains the more homes being sold in the burbs but do you think too that places like Menomonee Falls, Germantown, and other places near Milwaukee will experience a decline in buyers for those seeking Milwaukee? The shocker would be more people would be fleeing the burbs for the city .Maybe time to have both

@MarcusMKE 4 месяца назад

@@anthonyparish3034 probably not, the chronic housing shortage we have in the metro area is universal. And the housing stock in the city has limitations: if someone wants a newer home, a larger home, a larger yard, lower property taxes, less traffic etc - MKE proper does not offer many options, at that point people move to the suburbs like Menomonee Falls, Brookfield etc

@anthonyparish3034 4 месяца назад

@@MarcusMKE thanks for the clarity .I own 2 homes one in Milwaukee and one in the burbs.I have a 5 year plan to buy a 3rd ro be the one to retire in and use the other 2 as supplemental income

@MarcusMKE 4 месяца назад

@anthonyparish3034 Real Estate can be a great investment - if done right. (And it's also not for everyone) I have been an active investor for almost 15 years: not all real estate works equally well as an investment. Suburbs are often less than ideal, especially the medium and higher price points, so it depends on what you have. If you want to talk more about this we should take this off-line: my email is m.auerbach@kw.com

@richasharma7148 5 месяцев назад

Will the housing price come down? Will it be easy for 1st time home buyer to buy home anytime soon??

@LookitsRiley 5 месяцев назад

Housing prices won’t come down. If feds lower rates prices to homes shoot up even higher. (Politics aside) there’s a million people coming to this country a month and unless there are more than 1 million homes being built a month demand will keep going.

@MarcusMKE 5 месяцев назад

In order for prices to soften, we would need a surplus of houses and I don't see where that would suddenly come from... It may not be easy to buy, but it's well worth it: at the very least your house payment is locked in stable for 30 years and will not go up like rent does, but homeowners benefit from rising prices and after 30 years you own a home free and clear. What's stopping you?

@richasharma7148 4 месяца назад

@@MarcusMKE Wanna buy a home but seeing the prices going up like crazy not sure now will be able to afford the mortgage. Looking for the house in range between 3 to 5 hundred thousand. If you could come up with the video of the houses that are affordable. Your old videos are so helpful and informative but they are like 2 years old and the market is changed a lot.

@MarcusMKE 4 месяца назад

@@richasharma7148 what was it that interested you about my old videos? I can add that to the March market update. Affordable is always relative to your situation. 300-500k is already significantly above median, so there are a lot of options for less. It would be nice to buy a house for 2015 prices. It would also be nice to get the rent back from the last 9 years: that's probably about 150k. But you can't go back. The second best thing you can do is get started now. Without knowing anything about you it's hard to give you meaningful answers. Feel free to email m.auerbach@kw.com

@richasharma7148 4 месяца назад

@@MarcusMKE i am looking to buy around Germantown and surrounding area. My preference is Washington county. With a kid i want it to be in good school district. I am doing google search and more than 90% houses are over 6 hundred thousand. The house which are in my range are not much appealing to me. Your videos clearly estates the pros and cons of living in the area. It is very much helpful for people like me who are living out of country and moving back soon to understand the market through your videos