Late last year we released our predictions for the 2019 Madison real estate market. Here's our short review of how well those predictions have held up through the first half of the year.
#1: Mortgage rates will rise above 5%
We, and just about everyone else, whiffed on this one. Rates for 30-year fixed rate loans have dropped to well below 4 percent. This graph from Freddie Mac shows how mortgage rates have trended over the last year.
#2: Home and condo prices will rise 2 to 3 percent
Madison home prices have increased by 4% through the first 6 months of the year.
Madison condo prices have increased by 2 percent.
#3: Foreclosures will rise
Madison area foreclosures have actually decreased through the month of…