Eau Claire Home Prices 2017
Eau Claire Home Prices and Values
Hildy’s Enterprises, Inc continues to look for individuals and families that still want to execute a rent with an option to buy in 2016. We encourage potential home buyers to act now because sellers that have had their homes on the market for 50-100 days are more likely to want to sell before the winter months. Turning our calendars to October, we know winter is around the corner and that 2016 is coming to an end. As we look back on the real estate market for 2016 we are seeing the market continue to rise. According to Zillow home value index, “the median home value in Eau Claire, WI is $151,400. Eau Claire home prices have gone up 7.1% over the past year and Zillow predicts they will rise 3.26% for the next year”. What does that mean to future home buyers? An example using Zillow’s predictions tells us that a $100,000 home in Eau Claire, WI for October could list for $103,260 in 2017 if projections hold true. Looking at interest rates from Bankrate.com at http://www.bankrate.com/finance/mortgages/current-interest-rates.aspx , we have seen interest rates remain relatively low. Noting in July of 2016, a 30 year fixed mortgage was 3.63% and a 15 year fixed was 2.89%. Comparing these numbers to Sept 28, 2016, a 30 year fixed is 3.54% and a 15 year fixed rate was 2.82%. Finally we are encouraging individuals who are tired of renting and want to become a homeowner to act now before the interest rates and home prices increase by calling Alicia at Hildy’s Enterprises, Inc 715-232-0406 for more information as to how we can help you get into a home before Wisconsin winter arrives.