My New Blog

When the housing crisis hit, everyone was in a panic trying to determine what was going to happen.  In retrospect, I don't believe that there was any one commentator or analyst who had it exactly right.  But that's neither here nor there.  This is about you, that is, if you rent.  You need to know A) What is a good investment; B)  When's a good time to buy in Madison?  C) How much can you afford to take on? 

Here's a simple equation to tell you whether you should buy or not:

ANNUAL RENT / PURCHASE PRICE = 3%  DO NOT BUY

ANNUAL RENT / PURCHASE PRICE = 6%  THIS MIGHT BE OKAY

ANNUAL RENT / PURCHASE PRICE = 9%  BUY A HOME!!

Madison, WI is NEVER a bad area in which to purchase a home.  Our market does not follow the extremes that the coastal metropolitan areas do when it comes to home values and pricing.  Additionally, the stability afforded to homeowners with the seat of our State Government as well as the University of Wisconsin-Madison and other large enterprises help to ensure a more-stable housing market than the rest of the nation traditionally speaking.

With interest rates reaching all-time lows, it's definitely a great time to buy a home!  If you or someone you know is searching for a home, please have them contact me and I'll see what I can do to help!

For more information on the calculations above, click here.