Archive for the Market Conditions Category

3 December 2009 By ALAN ZIBEL (AP) Link: http://www.google.com/hostednews/ap/article/ALeqM5hPHFMSZDHZNqzg3uDQ1tvmGdoq4wD9CBV34G0 . 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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

. This email just came to me this morning from my mortgage guy.  I tend to agree with him based on some of the things I have been reading lately on cnbc.com.  Take for example this article http://www.cnbc.com/id/33616897 which talks about the unwinding of the artificially cheap credit we have had access to in the [...]

Interesting report. It appears that the supply of housing inventory in the Franklin, Greenfield and Oak Creek areas are in line with the national trend of about 7.5 months. Oak Creek having a slightly smaller supply of about 6 months. The median home price for September in Franklin was $209,900, in Greenfield $172,000 with Oak [...]

Here are the current market conditions for the Greenfield Wisconsin Single Family Home Real Estate Market. There were 62 homes sold during the 3rd quarter of 2009 in the City of Greenfield WI (2 more than last quarter.) The monthly break down is as follows: . July- 22 homes sold August- 21 homes sold September- [...]

Source: GMAR realtor email Date: 9 October 2009 Sales in the 4-county metropolitan Milwaukee area were up 7.7% in September according to housing statistics released by Metro MLS, Inc. today. Milwaukee County had higher sales in September than at the same point a year ago for the 6th straight month, increasing 6.8%. Waukesha, Washington and [...]