A+ Mortgage CEO Alex Leykin issued a statement recently on the state of the Wisconsin real estate market.
“Our Realtor® partners have been noticing that their listings are receiving multiple offers at, or above the listing price. This is a sure sign that the market has heated up.”
According to the Greater Milwaukee Association of Realtor statistics as of February 2013 show that there is only a 7 month supply of homes for sale versus 11.5 months in February of 2012. Listings are down by 18% for the same time period.
“What this means for home buyers is that you need to have a strong pre-approval in order to get your offer accepted. At A+ Mortgage we review your income and assets and issue a true pre-approval.
Because we are well known in the real estate community for the quality of our approvals, your offer will stand out if there is competition for a particular home.”