August home sales jump 41% in metro area - Milwaukee Journal Sentinel

The year-over-year comparison is somewhat skewed, however, by the fact that limited-time federal tax credits lured home buyers into the market in the first half of last year, leaving sales to drop off in the second half. Mike Ruzicka, president of the Greater Milwaukee Association of Realtors, said buyers have been taking advantage of big discounts in the market, with prices down about 30% from the peak. He added: "Another drag on the recovery of the Real Estate market is the artificial suppression of demand due to federal lending regulations. In many cases deals are falling apart because credit-worthy buyers cannot get a loan. August sales rose 40% in Milwaukee County, to 747 from 535, and 34. Login or Register to manage all your newsletter preferences. Interactive QuizTest your knowledge of pregnancy and prenatal care Tap SnapsHave you been tapped. Realtors