Dr. David Clark, Economist. Softening sales but steady home values in the 3rd quarter made Wisconsin’s housing market strong than many other house states, accoring to the WRA. The sale of existing homes in the 3rd quarter fell 9.8 percent compared to the same quarter last year but median prices actually rose 2.4 percent according to the WRA report. Key points: Sales peaked in 2005, statewide median prices have continued to rise, increasing 7.5 percent since the 1st quarter of 2006. Mortage rates remain low and stable. According to the Chicago Federal Reserve Bank, Wisconsin’s share of the mortgages that are subprime was below the national average at the end of 2006. Thus, this slightly softer market is a great time for Buyers. Pricing is competitive and financing is affordable and strong. There has never been a better time to purchase!