Milwaukee Real Estate Blog - SE Wisconsin Real Estate - Franklin, Oak Creek, Greenfield, Greendale, Muskego, New Berlin
Milwaukee, WI
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, [...]
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 [...]
You probably think I am crazy to post an article like this but I would disagree. I welcome it when owners want to sell their home without an agent. Why? Because it gives them an opportunity to see what we actually do. They get to put themselves in our shoes and [...]
Wow! Another great article. This is definitely strait talk that every seller needs to hear. So easy to say and less easy to implement.
Source: cnbc.com
Date: 8 October 2009
Link: http://www.cnbc.com/id/32893590
If you’re planning to put your home on the market, it’s not your manners that need polishing. Try your silver, among other improvements. Now, more than ever, [...]
Source: cnbc.com
Date: 8 Octover 2009
Link: http://www.cnbc.com/id/32893442
The common perception of Middle America is that of a region insulated from the afflictions of the coasts, but a look at some of the larger Midwestern real estate markets shows that’s not always the case. indeed, some areas fell victim to the same woes that dragged down large [...]
This is probably one of the best written articles that I have read in the last few weeks pertaining to the housing market. Truly every market is a local market. Based on what is happening locally surely gives us an idea of what we might expect in the real estate market locally. The Milwaukee area [...]
