Not-quite-ready-to-retire baby boomers, a dearth of dwellings for downsizing and the prospect of home prices rising even higher are among reasons for the short supply of houses for sale in metro Milwaukee, a new survey shows.
The survey by the Greater Milwaukee Association of Realtors, conducted in part to shed some light on the scarcity of homes for sale in an otherwise red hot housing market, also found a political impediment to people putting their home up for sale and buying another property: the uncertainty created by the climate in Washington, D.C.
The Realtors’ survey queried 500 homeowners – 250 by phone and 250 online – in the greater Milwaukee area May 16-18.
The survey, which had a margin of error of plus or minus 4.38 percentage points, found about 76% of homeowners feel the regional economy is getting better or staying the same.
Most said if they planned to buy a house in the next year, they wouldn’t be worried about their job situation or getting a mortgage.
The complete story here > Survey reveals reasons people aren't putting their homes on the market