Tight market causing home buyers to take extreme measures
According to a recent survey by Clever Real Estate, 30% of millennials say COVID-19 pushed them to begin house hunting earlier than originally planned.
“Millennials, younger people, they’re forming households, they don’t want to live with their parents anymore,” Mike Ruzicka, President of Greater Milwaukee Association of REALTORS tells WTMJ. “They’re getting out, they’re getting married. They’re looking for houses, both single-family and condos. They don’t want to rent anymore. There’s a lot of people out looking for houses so it’s caused the inventory to drop precipitously.”
Housing shortage challenges, frustrates local buyers cbs58.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbs58.com Daily Mail and Mail on Sunday newspapers.
Metropolitan Milwaukee home sales were down 0.7% year-over-year in February, a departure from a record breaking 2020 and a strong start in the new year.
BizTracker: March 2021 biztimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztimes.com Daily Mail and Mail on Sunday newspapers.
GMAR: January home sales up nearly 9% in metro Milwaukee biztimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztimes.com Daily Mail and Mail on Sunday newspapers.