Yes, we have a strong seasonal pattern in Milwaukee. I have made several videos on the topic tp explain details, but in a nut shell everyone wants to buy a house in spring and very few people around Thanksgiving - lower demand makes for more days on market and ultimately lower offers. You can see this very clear when you look at the average list to sale price ratio. At the moment almost 103% and in November we were at 98%
@@marcusbluedanubeproperties5964 which video, can you link me? We are planning a move to Milwaukee in the next 1-2 years and your channel is great info. You are one of the most analytical realtors I have come across! Great work!!
Same inflation spike pattern happened near 07-08 as well. Fed just delaying the inevitable. The real question becomes do we have a major financial drawdown or is it simply stagnant?
Hard to say for sure. I subscribe to a lot of institutional-grade research and expert opinions differ. One thing I am pretty sure about this will take a while to work out. Money supply M2 has not come down much, and most importantly it is near impossible for inflation to get down to 2% as long as "shelter" (rent & home prices) make up 44% of it, because until we have fixed the housing supply issue rents and prices are being pushed up. We had a lender panel last night at the RPA and the consensus was that we might see a "symbolic" rate cut before the election, which would signal a change in direction, but not a meaningful reduction. We shall see.
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Would love to see an analysis of an investment property.
Are you saying the data suggests that home prices here generally drop during cold months as opposed to warm? Why would this be the case?
Yes, we have a strong seasonal pattern in Milwaukee. I have made several videos on the topic tp explain details, but in a nut shell everyone wants to buy a house in spring and very few people around Thanksgiving - lower demand makes for more days on market and ultimately lower offers. You can see this very clear when you look at the average list to sale price ratio. At the moment almost 103% and in November we were at 98%
@@marcusbluedanubeproperties5964 which video, can you link me? We are planning a move to Milwaukee in the next 1-2 years and your channel is great info. You are one of the most analytical realtors I have come across! Great work!!
Same inflation spike pattern happened near 07-08 as well. Fed just delaying the inevitable.
The real question becomes do we have a major financial drawdown or is it simply stagnant?
Hard to say for sure. I subscribe to a lot of institutional-grade research and expert opinions differ. One thing I am pretty sure about this will take a while to work out. Money supply M2 has not come down much, and most importantly it is near impossible for inflation to get down to 2% as long as "shelter" (rent & home prices) make up 44% of it, because until we have fixed the housing supply issue rents and prices are being pushed up. We had a lender panel last night at the RPA and the consensus was that we might see a "symbolic" rate cut before the election, which would signal a change in direction, but not a meaningful reduction. We shall see.