Record Prices, Higher Rates & Rental Shortage: Milwaukee Market Update April 2024

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Marcus Auerbach
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Опубликовано:

16 июл 2024

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Комментарии : 10

@cynthiascheiderer4749 3 месяца назад

Super helpful and well done, I've learned so much about the MKE market from all of your videos. Looking forward to our move!

@InvestMKE 3 месяца назад

Thanks for the comment! It was great spending some time with you last weekend here in MKE! See you after May 7th!

@retiredmofo 3 месяца назад

Excellent! Getting ready to relocate to MKE in a couple months. Great insights.

@MarcusMKE 3 месяца назад

Thx! See you in Milwaukee Jeff!

@SasaV-Y-lf7bd 3 месяца назад

Curious why your price comparison chart you show shows a fairly stagnant slow burn pricing increase (esp compared to Boston, etc), yet earlier in the video you say the cost of housing has increased 50% in the last 9 years. Either that increase is not accurate, or your graph is not accurate?? Curious which is the correct stat?

@InvestMKE 3 месяца назад

Great question! Actually, prices have increased about 100% from 2015 to 2024. Most people find it unbelievable when they hear it first, but it's a fact. And Milwaukee has been one of the slower markets! MLS data (what I reference in the beginning) may be more accurate than Redfin data (the charts at the end), but they show roughly the same. The chart you reference with Boston is deceptive because it makes Milwaukee look very flat. The next chart a few seconds later shows the same data, but MKE vs national average. And there you can see to scale how prices have indeed doubled in MKE. PS: be careful when you compare The City of Milwaukee vs Milwaukee County vs Milwaukee Metro - not the same, but easily mistaken.

@anthonyparish3034 3 месяца назад

I'm curious with all that you said. Why is there so much inventory in waukesha county? I.e. Brookfield,Falls,. Sussex, you know, just different areas. Why is there so much inventory? All of a sudden may be in like the last 2 months. We were talking about this at work in our lunch room. Many of us that live in these various areas was wonder why all of these homes up for sale. Is something wrong

@InvestMKE 3 месяца назад

Nothing wrong. A lot of owners wanted to sell their home last year and did not, because of rates (they have a low rate, they don't want to give up). So there is listing backlog from last year, they have been waiting for the spring market to list. Waukesha County inventory is at 339 single family homes, up only 12% from March last year. At current pace at least 250 will be sold in the next 4 weeks. But I know what you mean, if 5 ForSale signs pop up on one street, it sure looks like something's up... ;-)

@anthonyparish3034 3 месяца назад

@@InvestMKE thanks for insight I will share your videos with people here at work you provide good info. I guess in the real world 12 % from last March or 12 months isn't bad or abnormal .

@InvestMKE 3 месяца назад

@@anthonyparish3034 Correct. We generally have a chronic housing shortage that we have self-inflicted by under-building for the last 14 years. It takes a long time for underbuilding to really show an impact, so for the first 10 years we did not notice too much, just in the last 4-5 years it has gotten to the point where it is very noticeable. Problem is, it will take almost as long to correct the issue, as it took us to create it. But that's maybe for another video ;-)