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HOUSING MARKET CONTINUES SKID
Tuesday, July 19th, 2011 -- 10:09 am
Posted by Riley Hebert-News Director
Things aren't getting much better for Wisconsin's housing market.
A new report from the Wisconsin Realtors Association shows sales of existing homes for the first half of the year dropped about 17% and the median sale price declined about 7%.
There are plenty of houses for sale and interest rates are low, but many buyers remain on the sidelines because of tougher lending standards and uncertainty about their jobs and the economy, according to WRA President Bill Malkasian.
The Milwaukee Journal Sentinel says the median price of homes sold was $130,000 in the first six months, down $10,000 from last year.
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