• August 2019 Market Update

      More of the same… only better!   As was widely predicted, the Federal Reserve announced on July 31 that they were cutting the Federal Funds rates by 1⁄4 of one percent. The move, which has been widely anticipated for weeks, was described by Fed Chairman Jerome Powell as “an insurance policy against potential speed bumps for the economy, including rising trade tensions and a slowdown in global growth.” While cutting the Federal Funds rate doesn’t have a direct relationship to home mortgage rates, the “trickle down” effect of lowering borrowing rates for banks eventually lowers their overall cost of doing business. This hits the streets where we live in…

  • Can You Save Money With a “Fixer Upper”?

        Many real estate markets around the country are seeing an increase in home prices, along with a shortage of available inventory. With competition strong, and prices high, you might be tempted to save some money by taking on a home that “needs a little love”. The popularity of DIY type shows on various cable channels makes it seem so easy – and almost fun. You might be drawn to the idea of putting in a little sweat equity, to gain real equity down the road, and you’d get to put your own personal touches on the home. Sounds like a great plan, right? Before you jump on the home renovation roller coaster,…

  • Restaino in the Community

      Spring and summer are busy times in the real estate market. While we love being busy with our buyers and sellers, we are also busy giving back to various causes throughout our community. Being connected to the communities we serve is just as important to us as the homes we sell in them! Read on to learn about some of the causes we’ve been involved with so far this year. Most recently, some of our agents and staff volunteered their time with Habitat for Humanity of Dane County. They were able to help with landscaping, painting, and even framing a home – and they had so much fun!  …

  • July 2019 Market Update

      Halfway Through 2019 Where Have We Been and Where Are We Going?   The first half of 2019 surprised housing markets across the country as, contrary to what experts had predicted, mortgage rates fell. This is welcome news for home buyers and home sellers alike. For buyers, more will qualify to buy homes and their monthly payments will be lower. For sellers, the increased number of qualified buyers means more competition which typically translates to faster sales. The current drop in interest rates is particularly important for sellers now, as rate increases over the past three quarters seem to have tempered the seller’s market which has existed since August…

  • An Easier Way to Save for a Down Payment?

      If you’ve given even a passing moment’s notice to Wisconsin politics lately, you’ll know that we have a new Governor, and a new state budget in the works. One of the items that Governor Evers is hoping to pass with the 2019-21 budget could benefit prospective home buyers. This item is called the First-Time Home Buyer Savings Account (FHBSA) and it could give first time buyers an easier way to save for a down payment on a home. In an effort to address the rising costs of home ownership and large student loan balances that many of today’s first time buyers are carrying, the FHBSA would offer savers an…

  • Summer Events Are Here!

      One of the reasons people love to call Madison and the surrounding Dane County area home, is that there is always something to do! Madison is a “community driven” city and not a moment of our precious summer weather is wasted. On any given weekend during the warmer months, you can find a festival or family-friendly event to get you out and about. We’ve provided a list of event highlights for the coming months, but this is by no means an all-inclusive list. If you’re looking for something to do – whether it’s a fitness boot camp or a cupcake tasting – check out Destination Madison for all of the area…

  • June 2019 Market Update

    Home Sweet Home As the awards continue to pile up, we at Restaino are proud as ever to call the Greater Madison Wisconsin area our home! In a May 2019 study, Madison was ranked the No. 3 city for jobs, social life, and affordable living after college graduation. The study was conducted by Apartment List and reported in the May 22 issue of USA Today. It analyzed the city’s population of young adults, unemployment rates for young adults with a bachelor’s degree or higher, affordability of rent, nightlife and recreational activities, and ease of meeting new people. Apartment List aggregated their data and then compared the numbers for 75 cities…

  • Relocating to Madison – The Restaino Way!

      If you’ve considered a move to Madison, WI you’re not alone! Madison consistently ranks high in National reports that evaluate cities for livability – it’s a great place for families and recent college grads alike. Recently, it was voted the #1 city for jobs, social life, and affordable living after college graduation. Whether you enjoy the lakes, the free zoo, fab restaurants and microbreweries, the UW scene, or downtown arts and culture, Madison has something to offer everyone. If you are contemplating a move to our area, we can help! Did you know that Restaino & Associates (our broker) has a full time relocation department? We know Madison inside and…

  • Community Spotlight: Evansville, WI

      If you’ve lived in the Madison area for any length of time, you’ve probably become familiar with some of the surrounding suburbs. These smaller communities can offer the best of both worlds if you’re willing to take on a small commute to work every day. You can benefit from the close knit community of a small town, while being just a short drive from all of the amenities that a large city offers. One city that fills this niche is Evansville, WI. Located just a short drive south of Madison, Evansville is one of the fastest growing communities in Rock county. It’s convenient location as a mid-point between Madison…

  • May 2019 Update

      Don’t Let The Weather Fool You!   Although southern Wisconsin weather seems to have difficulty warming up, our local real estate market is already white hot. Continued favorable interest rates matched with low inventory has buyers scrambling to view new listings the minute they become available. The Federal Reserve meets early in May to consider whether or not interest rates will be raised. Prognosticators believe there is only a 3% chance that will happen in May. Accordingly, we predict no slow down due to rate increases for the foreseeable future. Nationally, the job market keeps strengthening and wages are increasing at the fastest rate since the Great Recession. This…