Rss Feed
Facebook button
Linkedin button
Digg button
Stumbleupon button

Franklin Real Estate and Homes For Sale in Wisconsin - Troy Chowanec, RE/MAX Realty 100, RealtorĀ®

9 February 2012 Milwaukee Real Estate Market Update

Hey everybody, Troy Chowanec here RE/MAX Realty 100, coming to you with a weekly market update. This week I want to start again with the CSS report as always. I want to explain last years statistics over this years statistics quickly. In 2010 our company had 1005 listings that we were representing Sellers on. Last year at this time we had 344 showings on those listings. This year listings are down by 18%. We have 833 active listings company wide and showing requests are actually up to 627. That’s a 47% increase over last year at this time. So that’s really exciting. Last year you had a 34% chance of having your home showed during this period of time last year ending February 5th. This year same time, you had a 75% chance of having your house showed. So I hope you were one of the 75% that had a showing this last week. The showings actually were down a little bit over last year (week) this time. I attribute that to the football game that happened on Sunday. Obviously people were distracted by that and fewer showings happened as a result. Another thing I want to talk to you today about is the 3.8% sales tax on properties sold beginning in 2013. I actually got a couple of emails on this. One from a client a couple of weeks ago and one again yesterday from a friend of mine, And definitely some concerns out there over this 3.8% sales tax that’s going to help fund the new health care bill that has been put forth by our current presidential administration. So I went online to our WRA, Wisconsin Realtors Association web site and I was able to find a nice piece put together by the National Association of Realtors. And in that piece it gives several examples of how this 3.8% tax will actually affect most consumers (property owners) in real life. And, Surprisingly the impact is greatly reduced over what I thought it was going to be. If you have specific questions about what you are reading in this thing that I’m attaching to the email today, feel free to give me a call. I’d be happy to answer those questions if I can. I’m not a tax expert, if you have specific tax questions you should probably rely on your tax professional for that advice. I’m concerned about it but not as concerned as I was initially because I think that the impact is going to be far less that what everybody probably originally thought as maybe they were getting these emails. Well, that’s all I have for today. If you have any questions feel free to give me a call or shoot me an email. I’d love to hear from you and have a great weekend, Bye!

Leave a Reply

Free Blog Theme and Blog Templates