Milwaukee-Waukesha-West Allis, WI

There is no doubt that the Milwaukee-Waukesha-West Allis, WI metropolitan statistical area (MSA) has been hit hard by the housing market crash of 2008. However, there are signs that the market is beginning to rebound. According to the latest data from the Wisconsin Realtors Association, home sales in the MSA increased by 8.4% in 2012, and median prices rose by 2.6%.

There are a number of factors that are driving this positive trend in the housing market. First, interest rates remain at historically low levels, making it an ideal time to buy a home. Secondly, job growth in the MSA has been strong over the past year, which has helped to increase demand for housing. Finally, many buyers who had been waiting on the sidelines during the downturn are now entering the market as they see prices stabilizing and begin to rise again.

Looking ahead, it is expected that home sales will continue to increase in 2013 as these positive trends continue. Additionally, prices are expected to rise at a modest pace as well, giving sellers some much-needed relief after several years of declines.