Higher Prices, Mortgage Rates Hurt Home Affordability in Wisconsin

The Center Square YT

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April 29th, 2024

DESCRIPTION

Homes keep selling in Wisconsin but prices and the cost to get a mortgage are keeping some from being able to afford a new home. The Wisconsin Realtors Association is out with its latest look at the state’s housing market. Their report says home prices jumped in March by 3.2% compared to March of last year. Meanwhile, the median price of a home rose 10%.

The Center Square YT

The focus of The Center Square's work is state and local level government and economic reporting. A taxpayer sensibility distinguishes our work from other coverage of state and local issues. As a result of this approach, our audiences are better informed about the focus of state and local government and its cost to the citizens whose tax dollars fund governmental decisions.