In the January Wisconsin Banker Economic Report, Wisconsin Realtor Association President Mike Theo sees encouraging signs for 2015 after a lackluster 2014. He cites the following key indicators: foreclosure activity continues to fall, down 23.5% statewide in the third quarter of 2014 compared to 2013; a modest growth in home prices has kept homes affordable; very low mortgage rates, just over 4% in October, have encouraged participation in the housing market; increased economies, both in the state and national levels, mean more jobs are being created; and consumer confidence is on the upswing.
The Wisconsin Bankers Association will present its findings at a Wisconsin Economic Forecast Luncheon on Jan. 8. For more information, click here.
