According to the Census Bureau data, 1 in 3 renters and homeowners were unable to make their payment in June. Many states are making the move to extend protecting renters during this time in hopes of supporting their residents. The shift in homes being rented versus bought is growing. The Wisconsin market is showing significant gains during this time, but why?
Wisconsin Demand Rises
The Wisconsin market has been stable during the pandemic, with demand for homes increasing. A potential reason for this may be the desire to be isolated somewhere with more space; living and working in the same place is becoming harder for people who are not ready for this. Many millennials are capitalizing on lower prices to move out of the city and get more space. Wisconsin offers space and homes that meet the needs of young couples and families alike.
On-Time Rent
Rent payments in the area continue to be paid on-time and residents are not as affected as many Americans living in more expensive areas are. With the combination of high demand and on-time payments, now is a great time to invest your money into the area. When working with WiscoTurnkey, you get personalized service and we guarantee that the market is stable, renters are making payments on-time, and it’s a great time to get investing!
