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First-time buyers, homes under $300K drive Milwaukee-area housing market: Report

First-time buyers, homes under $300K drive Milwaukee-area housing market: Report

For the month of February, houses priced under $300,000 accounted for 81 percent of all sales in the metropolitan Milwaukee-area for that month, a strong sign that homes in that price range will continue to drive sales in the region, according to a recent report from the Greater Milwaukee Association of Realtors.

That price range is the sweet spot for first-time home buyers, who make up 40 percent of buyers currently on the market, according to the report. Those homes, however, are the quickest…

Source: http://feeds.bizjournals.com/industry_21

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