Archive for the Market Conditions Category

Here are the current market conditions for the Greenfield Wisconsin Single Family Home Real Estate Market.
There were 78 homes sold during the 4th quarter of 2009 in the City of Greenfield WI (16 more than last quarter.) I attribute this to the first time home buyers tax credit that was set to end in [...]

Here are the current conditions for the Oak Creek Wisconsin Single Family Home Real Estate Market.
There were 47 homes sold during the 4th quarter of 2009 in the City of Oak Creek, WI. The monthly break down is as follows:
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October- 21 homes sold
November- 20 homes sold
December- 6 homes sold

There are 108 active listings in [...]

Here are the current market conditions for the Franklin Wisconsin Single Family Home Real Estate Market.
There were 47 homes sold during the 4th quarter of 2009 in the City of Franklin WI (21 less than last quarter.) The monthly break down is as follows:
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October – 20 homes sold
November – 19 homes sold
December – [...]

Date: 2 December 2009
By: Reuters
Link:http://www.cnbc.com/id/34242187
The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said Wednesday.
Mark Zandi, chief economist at at Moody’s Economy.com in West Chester, Pennsylvania, said in an interview with Reuters home prices will [...]

3 December 2009
By ALAN ZIBEL (AP)
Link: http://www.google.com/hostednews/ap/article/ALeqM5hPHFMSZDHZNqzg3uDQ1tvmGdoq4wD9CBV34G0
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WASHINGTON — The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the lowest since the mortgage finance company began tracking [...]

By: Thomas Content of the Journal Sentinel
Date: Nov. 19, 2009
Source: Milwaukee Journal Sentinel 20 November 09
Link: http://www.jsonline.com/business/70478967.html
Some fear foreclosure pace could accelerate
One of every nine homeowners in Wisconsin was behind on mortgage payments or in foreclosure at the end of September – a record level that industry observers said Thursday is likely to rise. [...]

Source: cnbc.com
Date: 30 November 2009
Link: http://www.cnbc.com/id/34207654

Should homeowners who are behind in their mortgage be allowed to just walk way from the payments? A University of Arizona law professor suggests that maybe they should. While not recommending that homeowners forgo their responsibilities, Professor Brent White told CNBC Monday that there is a different set of [...]

Source: cnbc.com
Date: 18 November 2009
Link: http://www.cnbc.com/id/34018204/

If you already took advantage of the government’s tax credit for first-time homebuyers—or are planning to do it anytime soon—you’ll probably agree with this prediction: Sales of existing homes will peak in the final quarter of 2009, then begin a year-long slide, which is likely to be a sharp one, [...]

Source: cnbc.com
Date: 11 November 2009
Link: http://www.cnbc.com/id/33861616

Foreclosure rates fell for the third consecutive month in October, but remained sharply higher than a year ago, according to a new report, with analysts cautioning that the improvement was at best temporary.
The number of Americans receiving foreclosure notices was down 3 percent on a month-to-month basis, as 332,292 properties [...]

Date: November 10, 2009
MADISON, WI – Wisconsin home sales increased for the first time since the recession began nearly two years ago, according to data reported by the Wisconsin REALTORS® Association (WRA). Existing home sales increased 5.8 percent in the third quarter of 2009 compared to the same quarter last year, the first increase since [...]