Wisconsin home sales should “solid but not spectacular” during the first half of the new year. That prediction from Realtors Association President Bill Malkasian, who says some things need to change before significant gains are seen again.
Malkasian expects the first couple of quarters of 2011 to stay relatively flat, due largely to an excellent selection of inventory on the market and reasonable interest rates being available.
However, Malkasian says the state’s jobless rate needs to come down significantly before home sales pick up. He says it has a direct impact on housing, since people can’t really afford to buy a home if they don’t have a job currently.