Archive for the News Articles Category

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 [...]

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 short sale home in [...]

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 [...]

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 [...]

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 [...]

Date: 13August 2009 Source: cnbc.com Link: http://www.cnbc.com/id/32397338 U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy. Foreclosure activity jumped 7 percent in July from June and 32 percent from a year earlier as one in every 355 [...]

By: Tom Daykin of the Journal Sentinel Posted: 8 August 2009 Source: Business Section Milwaukee Journal Sentinel 9 August 09 Link: http://www.jsonline.com/business/52730452.html Tighter standards make getting condo loans more difficult Justin Bushweiler shopped the Milwaukee condo market for about a year before agreeing to buy a unit at The Edge, a new development on N. [...]

Posted: 6 August 2009 Source: cnnmoney.com By: Les Christie, CNNMoney.com staff writer Link: http://money.cnn.com/2009/08/06/real_estate/underwaterworld/index.htm An estimated 25 million borrowers will owe more than their house is worth by 2011. NEW YORK (CNNMoney.com) — Nearly half the nation’s mortgage borrowers will soon owe more on their mortgages than their homes are worth, according to a new [...]

Date: 4 August 2009 Source: cnbc.com Link: http://www.cnbc.com/id/32282852 Pending home sales rose for the fifth consecutive month in June, easily topping expectations, according to the National Association of Realtors.  The Pending Home Sales Index rose 3.6 percent to 94.6 from an upwardly revised reading of 91.3 in May, and is 6.7 percent higher than in [...]

Date: 07/24/09 Source: WRA REALTOR® Newswire Weekly – Agent Edition – 7/31/09 The National Association of REALTORS® recently reported that home sales in the Midwest increased nearly 3 percent during the month of June — the first annual increase since September. Kelly Edmiston, a senior economist for the Federal Reserve Bank of Kansas City, remarked, [...]