Mogul MKE | March 2024

MilwaukeeCounty

WHAT IS AN ABSORPTION RATE? Absorption rates measure how quickly or slowly homes are sold in a specific market and time frame It?s important for sellers,buyers, and realtors to calculate the absorption rate as it?s used to read market conditions The higher the absorption rate,the faster homes are selling since there?s more demand from buyers than available properties

Source:mansionglobal.com/ library/absorption-rate What?sYour

2024DesignTrends

EXPRESSIVE SPACES

Bringing your personality into your home will be all the rage in 2024 We've already predicted gray will be out,so try adding colorful artwork that holds a story or meaning to you into your common areas Let your home be a reflection of your passions and interests

Source:hgtvcom/design/decorating/design-101/

2024-home-and-garden-design-trends-pictures

SPA BATHROOMS

Enhanced bathrooms to mimic and pull in the amenities of a spa are going to be on the rise making a big splash in 2024

BIOPHILIC DESIGN

This trend centers around bringing the outdoors inside, creating spaces that foster a stronger connection with nature. Expect to see more indoor plants,living green walls, natural materials like stone and wood and large windows to maximize natural light and reduce the barrier between the interior and exterior

SpringHasSprung!

HOW TO PREPARE YOUR HOME TO ACHIEVE HIGHEST AND BEST

1 IDENTIFY REPAIRS AND MAKE A PLAN

Go through your home room by room,noting repairs that need to be made Look for holes or dents in walls Floors should be free from cracks or chips More serious or complicated repairs may require hiring a professional.If your roof leaks,outlets don? t work,or you have cracks in your foundation,having the job done by someone who has the right tools and know-how can save time and ensure the repairs are done correctly

Repairs and upgrades can increase the value of your home so you?ll need to consider the time and cost it will take versus the impact on your home value

2. DECLUTTER AND CLEAN ? MAKE IT FEEL SPACIOUS

Big kitchens,bathrooms and storage tend to be big selling points so it can help to make your rooms look as spacious as possible Professional home stagers recommend that you remove 50% of your items Go through your home,decluttering and organizing spaces.Don? t just shove belongings in closets,cabinets,attics and basements,as buyers look inside all of those places Use storage bins that can be tucked under beds or neatly stacked in a basement or closet

After decluttering comes deep cleaning Hiring a professional may prove the most effective way to do the job quickly and thoroughly

3 DEPERSONALIZE YOUR HOME AND HELP BUYERS TO SEE ITS FULL POTENTIAL

In addition to cleaning and decluttering,you should consider depersonalizing your home The goal when selling is to have a buyer fall in love with your house,picturing themselves living there and imaging their belongings inside

Neutralize the space by removing items such as family photos,souvenirs, religious symbols,diplomas and certificates,hobby supplies,and collections,including CDs and DVDs You don? t want a buyer to feel like they?re intruding in your space or,worse, take offense at your lifestyle

3 PAINT WHERE IT NEEDS IT MOST

A fresh coat of paint can make a home feel new In fact,painting is one of the most common recommendations real estate agents make to sellers before they list Paint can help small rooms appear larger and highlight architectural details,such as crown molding and trim Be mindful of your color choice, however Experts recommend warm neutral colors,such as beige,tan,gold,gray, and ?greige,?a blend of gray and beige Because these shades go with anything,they can help buyers to picture their belongings in your home

Read More:opendoorcom/articles/ how-to-prepare-your-house-for-sale

WhyWeAren't Headed for aHousingCrash

FEBRUARY 29, 20 24 |

IT?S HARDER TO GET A LOAN NOW ? AND THAT?S ACTUALLY A GOOD THING

It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then,banks had different lending standards, making it easy for just about anyone to qualify for a home loan or refinance an existing one.

Things are different today Homebuyers face increasingly higher standards from mortgage companies.The graph below uses data from the Mortgage Bankers Association (MBA) to show this difference The lower the number,the harder it is to get a mortgage The higher the number,the easier it is

KEEPING CURRENT MATTERS

The peak in the graph shows that,back then, lending standards weren? t as strict as they are now That means lending institutions took on much greater risk in both the person and the mortgage products offered around the crash That led to mass defaults and a flood of foreclosures coming onto the market.

THERE ARE FAR FEWER HOMES FOR SALE TODAY, SO PRICES WON?T CRASH

Because there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures),that caused home prices to fall dramatically.But today, there?s an inventory shortage ? not a surplus

The graph below uses data from the National Association of Realtors (NAR) and the Federal Reserve to show how the months?supply of homes available now (shown in blue) compares to the crash (shown in red):

Today,unsold inventory sits at just a 3 0-months?supply That?s compared to the peak of 10 4 month?s supply back in 2008 That means there?s nowhere near enough inventory on the market for home prices to come crashing down like they did back then

Read More:mykcm com/ blog/ why-we-arent-headed-for-a-housing-crash

WisconsinRanks#1For PublicGolf

ACCORDING TO GOLF DIGEST

SandValleyGolf Resort:SandValley

NEKOOSA, WI

Sand Valley is the fifth course that the firm of Coore and Crenshaw has designed for resort maven Mike Keiser,and the first not located close to an ocean No matter It?s still on a thousand acres of rolling sand hills in Central Wisconsin, and Coore and Crenshaw were given carte blanche to route their course. (Rumor has it Coore routed a hole outside the property line and Keiser reluctantly bought that additional parcel ) Given the name,many conclude Sand Valley is a combination of Nebraska?s Sand Hills Golf Club and New Jersey?s Pine Valley.But Sand Valley has its own personality, with some dual fairways, gigantic sand spits,enormous greens and even a hidden putting surface Sand Valley was Golf Digest?s Best New Course of 2017.

ErinHillsGolf Course

HARTFORD, WI

Despite the rumor,Erin Hills wasn? t designed specifically to host a U S Open Its original concept was to be a simple,affordable, lay-of-the-land layout,to prove Mother Nature is indeed the best golf architect The concept changed? some greens moved,one blind par 3 eliminated? as the quest for a U.S. Open grew That dream came true: after trial runs hosting the 2008 U S Women?s Public Links and the 2011 U S Amateur,Erin Hills hosted the U S Open in 2017,the first time the event had ever been in Wisconsin Brooks Koepka won with a 72-hole score of 16-under,leading some to conclude Erin Hills was too wide and defenseless In truth, what it lacked that week was the usual gusty winds that would have effectively narrowed the slanted,canted fairways.Had the par been adjusted to 70 instead of 72 as is usual for most Opens,the score would likely have been closer to 8-under

WhistlingStraits:StraitsCourse

SHEBOYGAN, WI

Pete Dye transformed a dead flat abandoned army air base along a two-mile stretch of Lake Michigan into an imitation Ballybunion at Whistling Straits, peppering his rugged fairways and windswept greens with 1,012 (at last count) bunkers There are no rakes at Whistling Straits,in keeping with the notion that this is a transplanted Irish links It has too much rub-of-the-green for the comfort levels of many tour pros,which is what makes it a stern test for top events,such as three PGA Championships,the 2007 U.S. Senior Open and 2021Ryder Cup

Source:golfdigest com/courses/guides/ best-states-for-public-golf-100-greatest-public-courses

MilwaukeeIsthePlacetoEat!

BY TODD LAZARSKI | EATER

For every sneer that Milwaukee lives in the shadow of its Lake Michigan neighbor,Chicago, someone is serving up quiet,casual defiance with a pastrami chop cheese bagel sandwich, or a pambazo,or Peruvian chicken,or an olive oil cake For every dig that the city is a staid Rust Belt town of sausage and cheese, there?s Nashville hot chicken sausage and goat cheese curds in chorizo cream sauce.And,regardless of any commentary,there are James Beard nominees and winners turning the sleeper restaurant scene into a Midwestern culinary stronghold

As Milwaukee prepares to host Season 21of Top Chef,the Harley Davidson Homecoming this summer (the 120th birthday of the city?s favorite and noisiest native son),and the Republican National Convention,residents continue to bask in the Giannis Antetokounmpo era and the simple exhilaration of surviving Great Lakes winters Through all the activity,restaurants keep pushing forward,finding new ways and reasons to celebrate a city that,yes, sometimes smells like beer ? and there?s nothing wrong with that.

1 KOPP'S FROZEN CUSTARD 5373 N Port Washington Rd , Glendale | kopps com

2 SHERMAN PHOENIX 3536 W Fond Du Lac Ave,Milwaukee | shermanphoenix com

3 LAKE PARK BISTRO 3133 E Newberry Blvd , Milwaukee | bartolottas com/ lake-park-bistro

4. LAKEFRONT BREWERY 1872 N.Commerce St.,Milwaukee | lakefrontbrewery.com

5 ARDENT 1751N Farwell Ave ,Milwaukee | ardentmke com

6 ZAFFIRO'S PIZZA & BAR 1724 N Farwell Ave ,Milwaukee | zaffirospizza com

7 THE DIPLOMAT 815 E Brady St ,Milwaukee | thediplomatmke com

8. GLORIOSO'S ITALIAN MARKET 1011EBrady St.,Milwaukee | gloriosos.com

9. BIRCH 459 E. Pleasant St.,Milwaukee | birchonpleasant.com

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| lerevecafe com

& BAR 801N Cass St , Milwaukee | buckleysmilwaukee com

13. SAN GIORGIO PIZZERIA NAPOLETANA 1101S. 2nd St.,Milwaukee | sangiorgiopizza.com

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to the Riverwalk

Downtown,all the action right outside your doorstep This two story unit is loaded with historic charm featuring cream city brick,wood beamed ceilings,large windows that radiate natural light, and an incredible steel staircase and railings

Listed by BrandonTyler

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1220

3971

1846

6974

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Our familyrelocatedtoWisconsin(mid-winter andwithlittletime)and Brandonwasanabsolutelifesaver.Helistenedtowhat wewerelookingfor, wasavailablevirtuallyanytimewehadquestionsbyphoneor text,provided extensivedetailedvideosof propertiessincewecouldn? t seetheminperson, waspatient withusduringverystressful timesandwasahugeadvocatefor us duringthepurchasingprocess.Wehavemovedseveral timesandheisthebest realtor wehaveworkedwith.BrandonhasaTONof amazingconnections-for instance,wewerehoursfromclosingandhewasabletoget acontractor toour houseimmediatelywhennooneelsecould.Healsoprovideduswithfantastic recommendationsfor folkstorenovateour house I cannot sayenoughgreat thingsabout Brandonandrecommendhimhandsdown!

ASHLEY AND JOSH P.

Brandonisunequivocallythebest.Hecanquicklyanalyzethemarket to formulatethebest offer that Sellerscan? t refuse Brandonispersonable, professional,andI hadeveryconfidencethat hewoulddohisverybest to findusaperfect home.I cannot recommendhimenough.

RACHEL S.