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First-time home buyers struggle in tight housing market

Quoted: Despite the shortage, housing in Wisconsin is particularly affordable right now, said Mark Eppli, director of the Graaskamp Center for Real Estate at the University of Wisconsin-Madison.

The average cost of a house in the portion of the state that runs roughly from Fond du Lac to Green Bay in July was $157,000. The mortgage interest rate was about 4.5 percent, according to Eppli.

“In the state of Wisconsin, housing is really affordable (now),” Eppli said. “You need a job that makes $20 an hour; you could buy an average home in Appleton.”