May 2019 Market Update
Don’t Let The Weather Fool You!
Although southern Wisconsin weather seems to have difficulty warming up, our local real estate market is already white hot. Continued favorable interest rates matched with low inventory has buyers scrambling to view new listings the minute they become available. The Federal Reserve meets early in May to consider whether or not interest rates will be raised. Prognosticators believe there is only a 3% chance that will happen in May. Accordingly, we predict no slow down due to rate increases for the foreseeable future.
Nationally, the job market keeps strengthening and wages are increasing at the fastest rate since the Great Recession. This should continue to support housing demand going forward. A quick look around Madison and a count of the number of massive construction cranes provides evidence that more new growth is on the way to our area. This growth will provide jobs and further economic strength to all of Dane and the surrounding counties.
As we move into our busiest season, we want you to know that we are always ready to help you accomplish your real estate goals and to make new clients into friends. The care we afford to all those we work for helps us insure that your transaction will progress efficiently and professionally to the closing table. Thanks for making Restaino & Associates your Realtor of choice!