Wisconsin realtors are cheering the news of increasing home sales. Nationally, they increased 4.7-percent last month.
John Deininger of the Realtors Association of South Central Wisconsin says it's a good sign that the market is improving. However, he notes that the largest increases were in areas such as California, Florida, and Nevada. He says those markets saw some of the largest declines in home values and foreclosures when the real estate market dropped.
The increase was not as dramatic in Wisconsin, because the housing slump didn't hit us as hard as other parts of the country. However, Deininger says the news is still better than it has been in the housing market for some time.