• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / News / Home sales spike in fourth quarter

Home sales spike in fourth quarter

February 12, 2010 By Jackie Johnson

Home sales in Wisconsin rallied in the fourth quarter of last year.

The number of sales of existing homes for 2009 increases to 2008 levels. That’s according to the year-end analysis from the Wisconsin Realtors Association.

“The fourth quarter of ’09 shows a dramatic increase in sales over the fourth quarter of ’08 with a 25% increase in sales, which is a pretty high number in the real estate industry.”

The group’s president Bill Malkasian says the spike in sales could be attributed to the impact of the first time home buyer’s tax credit, which had originally expired on Nov 30, causing many would-be buyers to act quickly before they missed their opportunity. That credit has since been extended to April 30th of this year.

Malkasian says other factors for the jump in sales were low interest rates and many houses from which to choose. The report shows home prices were down 7.7% last year compared to the year before — to $143,000. However, Wisconsin prices declined less than other areas of the country, because we never had the inflated bubble that other states had.

While sales jumped in the second half of the year, the first half was down significantly. In the end, Malkasian says, it all evened out — 2009 home sales were unchanged from 2008. Sellers have reason to be optimistic in this coming year. He predicts 2010 is going to be a good year. Visit WisconsinHomeBuyer.org for more information.

Jackie Johnson report 1:44

Share this:

  • Facebook
  • Twitter

Filed Under: News



Featured Stories

House passed gun purchase background check bills last year with no support from Wisconsin Republicans

Future of abortion in Wisconsin hinges on SCOTUS ‘Roe’ decision

Juvenile arrested in connection with death of Lily Peters

Missing Chippewa Falls girl found dead, police seek suspect

Medical marijuana legislation gets public hearing at Capitol

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC