From our local Realtors Association:
“This is a tough environment for buyers given the high mortgage rates and limited supply of available homes on the market. We have tracked Wisconsin’s affordability level since 2009, and unfortunately affordability hit its all-time low point in May. The good news is that supply has been improving since late last year, which has moderated the rate of price appreciation. Hopefully mortgage rates also will moderate and help improve our affordability during the summer sales period.”
Tom Larson, President & CEO, Wisconsin REALTORS® Association