Milwaukee Real Estate Blog - SE Wisconsin Real Estate - Franklin, Oak Creek, Greenfield, Greendale, Muskego, New Berlin
Milwaukee, WI
Source: cnbc.com
Date: 25 August 2009
Link: http://www.cnbc.com/id/32549123
A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent and struggling home owners show their anger at the financial crisis by giving up on their mortgage, David Karsbøl, chief economist at Saxo Bank, told [...]
So there seems to be conflicting news headlines about the state of the housing recovery every day. Friday in the Journal Sentinel the article on the front page talks about the downsizing of the Parade of Homes this year. “Three years ago, toward the end of the real estate boom, visitors paraded through 30 homes [...]
Source: cnbc.com
Date: 21 August 2009
Link: http://www.cnbc.com/id/32505953
Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest sales pace in nearly two years, an industry survey showed Friday, in a strong sign that housing is pulling out of a three-year slump. Sales in July rose for the fourth straight month to [...]
By: Paul Gores
Date: 21 August 2009
Source: Milwaukee Journal Sentinel Business Section
Among the 50 states and the District of Columbia, Wisconsin ranked 36th in delinquencies and 20th in foreclosure starts
The delinquency rate for mortgages in Wisconsin jumped in the second quarter, but the state still is faring better than the nation as a whole at keeping [...]
This article below is once again spot on with regard to what is selling in our market at least. Look at that chart. Homes priced under 100k are moving swiftly and homes priced under 250k are also selling but not as briskly. It all boils down to price. I have a [...]
I have just started reading a book published in 1989,”Secrets Of The Temple, How The Federal Reserve Runs The Country.” I know that most people have no interest in the fiscal policy of the Federal Reserve except for how it affects us individually. However, it has been interesting to read about the events [...]
By: Diana Olick
CNBC Real Estate Reporter
Date: 18 August 2009
Link: http://www.cnbc.com/id/32461957
Last Friday I blogged about how deluded sellers are regarding the current value of their home. A Trulia.com survey showed a huge number of sellers having to slash prices to find a buyer. Today, I’m even more amazed at how deluded the home owning [...]
By: Diana Olick
CNBC Real Estate Reporter
Date: 14 August 2009
Link: http://www.cnbc.com/id/32420604
The article below is right on target. Milwaukee home owners still have their houses priced higher than the market is willing to pay. While our market was not hit to the same degree as other markets the Milwaukee Real Estate market is still subject [...]
Date 13 August 2009
What happens when a bank walks away without selling foreclosed homes? CNN’s Alina Cho explains.
Embedded video from CNN Video
Date: 13 August 2009
Source: cnbc.com
Link: http://www.cnbc.com/id/32407054
Samantha Kielar is scrambling to find a house in Colorado before the doors slam shut on an $8,000 first-time buyer’s tax credit she needs for her downpayment or home repairs. The clock is ticking fast. Qualified borrowers need to have house offers accepted by the end of September to [...]
