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Friday, May 30. 2008
Seven reasons to own a home... in ... Posted by Katie Huebschen, First Weber Group
in Buying & Selling, Northwoods Wisconsin real estate at
18:07
Comments (0) Trackbacks (0) Seven reasons to own a home... in Wisconsin or anywhere.Read this great list at the link above. We realize reading multiple bolgs can be time consuming - so First Weber will try to help by linking to interesting and useful articles found at other blogs - you only have to visit blog.firstweber.com to keep up to date on Wisconsin real estate news. Soon we will have an "ask a question" button. So start thinking about what you want to know and ask us! Friday, May 30. 2008
Prices and sales to rise in 2008, ... Posted by Katie Huebschen, First Weber Group
in Northwoods Wisconsin real estate, Wisconsin real estate news at
17:03
Comment (1) Trackbacks (0) Prices and sales to rise in 2008, Midwest to see familiar double digit gains once again!Read the complete upbeat article here from Realtor.org. Hip Hip Horray, the National Association of REALTORS Chief Economist Lawence Yun sees sales and prices rising in late 2008 and getting even stronger into 2009. He also sees the declime of subprime lending practices which has caused problems for so many. Prices should also turn around but will vary by market. Predicted good news for most areas are shown below. While Milwaukee and other midwest cities have been lucky to not have huge real estate decreases, again, when the turn around comes, we are expected to see very respectable gains in the 20-30% range! More volitile markets may rebound even more dramatically. "Middle-America cities that performed evenly over the past few years – like Cincinnati, Milwaukee and the Kansas City, Mo., area – are likely to experience home price gains in the 20 to 30 percent range over the next five years, while markets like Miami, Las Vegas and Phoenix could see prices go up as much as 50 percent during that time period, Yun said." So the message is NOW is a time of opportunity! Buy when the buying is good. Real estate is cyclical, buyers markets last only so long. It looks like we are nearing the end of the current market dip. Buy Low... hold for a decent amount of time, and sell high! We are ready to help. Sign up for a My First Weber account to get emails of new listings matching your criteria now or just let us know you are ready to make a move. Comments always welcome. If you like being updated on the Wisconsin real estate market, sign up for our RSS feed. Thursday, May 29. 2008
Madison, Wisconsin named one of the ... Posted by Katie Huebschen, First Weber Group
in Just for fun at
15:24
Comments (0) Trackbacks (0) Madison, Wisconsin named one of the friendliest cities in the country!
Madison is one of the fifth friendliest towns in America. Quite the honor! Read the whole article at Today Article excerpt: Did you know?
Thursday, May 29. 2008
Northwoods Wisconsin real estate update Posted by Katie Huebschen, First Weber Group
in Northwoods Wisconsin real estate, Wisconsin real estate news at
15:19
Comments (0) Trackbacks (0) Defined tags for this entry: northwoods wisconsin real estate
Northwoods Wisconsin real estate updateThe real estate market peaked in 2004 and 2005 in the Northwoods as well as other areas of the country. 2005 was the record for number of sales and 2004 was the record for the highest median price for homes in Lincoln, Oneida and Vilas Counties. Wisconsin home sales dropped 24% the first quarter of 2008 compared to 2007. However, the severe weather played a big part in this decrease. Much of Southern Wisconsin received as much as 3 times their normal snow fall. When spring did finally arrive in the Northwoods the market picked up substantially. Buyers are still in the drivers seat and sellers that have their properties in the best condition and at the best price are receiving offers the first weeks on the market . Mortgage rates are still hovering around 6%. But the days of “stated income” and C paper loans are over. Buyers need to have good credit scores and be able to document their incomes in order to get a loan. There is still a large inventory of foreclosed properties on the market and some good deals to be had. Unfortunately many of these homes are in very poor condition and buyers need to beware. The recreational home market is still healthy . Baby boomers continue to buy lake homes and cottages and have a good inventory of properties to choose from. But in the end price is king and overpriced properties will continue to linger on the market while properties priced competitively will sell. Sandy Ebben, Vice President, First Weber Group
Tuesday, May 27. 2008
Foreign investors see US real estate ... Posted by Katie Huebschen, First Weber Group
in Buying & Selling at
18:44
Comments (0) Trackbacks (0) Foreign investors see US real estate bargains.Foreign investors see the value in US real estate. Let's hope local buyers do as well. From the Real Trends email update May 2008, and Wall Street Journal... Americans' love affair with real estate may be cooling, but -- thanks to falling home prices and the weak dollar -- attention is heating up from another group of suitors: foreign investors. Tuesday, May 27. 2008
Buy a property in 2008 with higher ... Posted by Katie Huebschen, First Weber Group
in Buying & Selling, Northwoods Wisconsin real estate at
17:23
Comments (0) Trackbacks (0) Buy a property in 2008 with higher FHA loan limitsWhat is the FHA and how could it help me buy property? The FHA (Federal Housing Administration) provides insurance on loans made by FHA approved lenders. FHA is the largest insurer of mortgages in the world. At a time when mortgages are harder to get, why not look at an FHA loan? These loans typically have a lower interest rate, more flexibility in calculating payment ratios and may enable less money down too. The FHA loan limits have been raised nationwide recently - What may have been considered a "lower income" type loan at one time is not anymore. Borrowers in the Milwaukee area, for example, can borrow up to $315,000 through 2008. These types of loans are replacing the risky subprime ones that contributed to the recent mortgage meltdown. If you are looking for a house, ask your agent or lender about FHA loans. The raised leding limits, as of this time at least, are only available through the end of 2008. Yet another reason to get the "buy a property" ball rolling now. Click here for information off the HUD/FHA website. Thursday, May 22. 2008
Gas and Wisconsin real estate Posted by Katie Huebschen, First Weber Group
in Buying & Selling at
16:01
Comments (0) Trackbacks (0) Gas and Wisconsin real estateNo one likes the way gas prices are going. But in a strangely positive way, this could become a selling point for homes that are well located near shops, schools, public transportation, major cities etc. Saving $300 or more a month on gas costs by buying closer to work and other conveniences may make the affordability of certain homes more doable for some buyers. While a postive for some, we realize it can be a negative for others. Just an observation sparked by The New York Times and Jim Duncan at Agent Genius Thursday, May 22. 2008
Moderne project and luxury condo ... Posted by Katie Huebschen, First Weber Group
in Wisconsin real estate news at
15:14
Comments (0) Trackbacks (0) Moderne project and luxury condo market still strong in MilwaukeeAn article in the May 16 Small Business Times magazine highlights 2 new condo projects that are selling very successfully. One of these is The Moderne, listed by First Weber Group. See the project page for these condos here.
The Moderne will be located at Juneau and Old World Third Street. On the market since December 1, the fact that eleven of the 81 units have been reserved, for a value of 8.5 million is impressive. Four of the reserved untis are priced at $1 million plus. The developer First Weber is working with, Rick Barrett of The Moderne LLC, said he recently increased prices of the units between $10,000 and $15,000 dollars. That is great to see! Construction could start as early as October if reservations continue at this pace. The other project is called The Residences at Hotel Palomar. Both projects are within walking distance to entertainment venues like the Marcus Center for the Performing Arts. Friday, May 16. 2008
How up to date are real estate listings? Posted by Katie Huebschen, First Weber Group
in Buying & Selling, Northwoods Wisconsin real estate at
18:42
Comments (0) Trackbacks (0) How up to date are real estate listings?Just looking at the blogs statistics and April was a really great month for traffic! Over 3500 unique visitors. Some people type in blog.firstweber.com to reach us and some find us when they are conducting a web search on say, google. A few people found our blog when they searched for "how up to date are realty listings?" Well, we can't speak for every sitebut I can tell you about firstweber.com. Our listings and participating co-broke listings are downloaded from 5 Multiple Listing Services at least once daily. Our offices work throughout the day to update our own considerable amount of listings and First Weber listings are updated in real time. We rely on the Multiple Listing Services for the data that populates our site for cooperating broker listings. The MLS has rules that agents need to follow and fines if they don't. So, the answer is a nutshell is listings at firstweber.com are updated daily, based on MLS information. Information on other sites, especially ones based on print advertising, can become outdated very quickly. In these situations, information is entered into an ad publishing system which creates the magazine/ad and the same information is put on a website for 30 days or so. That means the info is 30 days old. When possible, go to a local real estate source for the most accurate information. Friday, May 16. 2008
How hard would it be the sell this one? Posted by Katie Huebschen, First Weber Group
in Just for fun at
17:44
Comments (0) Trackbacks (0) How hard would it be the sell this one?And now for something completely different! (any Monty Python fans out there?) Check out this toilet house. What do you think? It is funny at first, but when you read what the architect is trying to do/say, it makes it actually interesting. And apparent that we take so much for granted here in the states, where many homes have a bathroom for each bedroom. I always wondered how kids who grew up with their very own bathroom managed to get by when they had to gasp! share. I did not have that luxury, and I am glad. Maybe the real reason is not because I learned to share, but I did not have to clean it! Happy weekend everyone. We're always here and work on weekends - real estate doesn't stop. Friday, May 16. 2008
How'd Wisconsin do in the 1st ... Posted by Katie Huebschen, First Weber Group
in Northwoods Wisconsin real estate, Statistics for Wisconsin Real Estate, Wisconsin real estate news at
17:25
Comments (0) Trackbacks (0) How'd Wisconsin do in the 1st quarter of 2008?First quarter statistics from the Wisconsin Realtors Association are in. And as much as everyone hopes, the numbers are still disapointing. The number of home sales is down 24%. (and home prices are still 25.3 above quarter one in 2001, more than keeping pace with inflation) But there are three important things to point out about statistics: 1. These statistics are for the past 3 months. The statistics for the next 3 months will reflect the market we are sitting in right NOW. Looking forward, 68% of Wisconsin brokers surveyed by the WRA feel that the second quarter will be better or the same than the first quarter in terms of buyer activity. 52% feel second quarter home sales will surpass second quarter sales a year ago. 2. The first Quarter is typically a little slower. We do live in Wisconsin and it snows. "It is important to remember that bad weather always dampens home sales and given the record snowfall this winter, we were expecting weak numbers for this quarter" said WRA Chairman and First Weber Vice President Michael Spranger 3. Always be thankful the Wisconsin market is in a far better position than Flroida, Californai and Nevada, to name a few of the states suffering the most. FOR BUYERS, your opportunity awaits. And search the easy way. Sign up for automatic emails on properties that suit your criteria. No sales agent will call - you get the info you want, on properties all across the state and initiate contact when you are ready. Friday, May 16. 2008
FAN First Weber on Facebook Posted by Katie Huebschen, First Weber Group
in Buying & Selling, Just for fun, Northwoods Wisconsin real estate at
16:43
Comments (0) Trackbacks (0) Defined tags for this entry: first weber group fans
FAN First Weber on FacebookAre you on Facebook? We are! First Weber Group has recognized the exploding growth of social networkng and has started a group for our agents to interact with each other. We are also encouraging agents to set up their own profiles and interact with their circle of friends. It really has been a lot of fun, for me at least, and is an eye opening whole new world of communication. AND, we have also set up a corporate page here. This is for customers and clients to tell us how we are doing. Write a review and become a fan! We do have numerous clients and customers who have "fanned" us and our Frist Weber Group page is quite new. (Please note you do have to sign up for a facebook account and become a fan before you can write a review. One other note, you can select your own privacy settings. This is important, in my opinion) If First Weber did right by you, if you love your agent and you are a fan, make it offiical on facebook. Hope to see you there! Friday, May 16. 2008
How's it going? Posted by Katie Huebschen, First Weber Group
in Buying & Selling, Northwoods Wisconsin real estate at
16:31
Comments (2) Trackbacks (0) How's it going?If you are in the process of buying a Wisconsin property, share your thoughts on how that is going for you. If you are in the process of selling, share that with us too. Dialog is good and maybe First Weber can help. Friday, May 9. 2008
Real estate is a long term ... Posted by Katie Huebschen, First Weber Group
in Statistics for Wisconsin Real Estate at
18:36
Comments (0) Trackbacks (0) Defined tags for this entry: wisconsin real estate news first weber
Real estate is a long term investment. Look at the last 10 years hereWhen you look at the last eleven years of real estate in Wisconsin for several counties, it is an eye opening story. We'll try and put things in perspective. Yes, today is not the height of the real estate market in Wisconsin by any means. But historically, we are truly not in a bad place. Take a look at Waukesha and Dane Counties below Waukesha County, Wisconsin 2007 Number of Home Sales 4647 2006 Number of Home Sales 5107 2005 Number of Home Sales 5287 2004 Number of Home Sales 4869 2003 Number of Home Sales 4590 2002 Number of Home Sales 4697 2001 Number of Home Sales 4518 2000 Number of Home Sales 3860 1999 Number of Home Sales 4287 1998 Number of Home Sales 4756 1997 Number of Home Sales 3995 More homes were sold in 2007 than 5 out of the last 11 years Waukesha County, Wisconsin 2007 Median Sales Price $250,000 2006 Median Sales Price $253,100 2005 Median Sales Price $250,000 2004 Median Sales Price $238,100 2003 Median Sales Price $220,000 2002 Median Sales Price $202,600 2001 Median Sales Price $185,500 2000 Median Sales Price $177,700 1999 Median Sales Price $167,900 1998 Median Sales Price $160,200 1997 Median Sales Price $155,600 Sales price has risen dramatically over the last 11 years, even through this current downturn. Dane County, Wisconsin 2007 Number of Home Sales 6468 2006 Number of Home Sales 6841 2005 Number of Home Sales 7503 2004 Number of Home Sales 7154 2003 Number of Home Sales 6704 2002 Number of Home Sales 6519 2001 Number of Home Sales 5900 2000 Number of Home Sales 5238 1999 Number of Home Sales 5654 1998 Number of Home Sales 5603 1997 Number of Home Sales 5594 In the last 11 years, 2007 was the sixth best year for number of home sales in Wisconsin DaneCounty, Wisconsin 2007 Median Sales Price $218,700 2006 Median Sales Price $214,600 2005 Median Sales Price $208,700 2004 Median Sales Price $196,900 2003 Median Sales Price $183,100 2002 Median Sales Price $172,000 2001 Median Sales Price $158,900 2000 Median Sales Price $149,800 1999 Median Sales Price $141,100 1998 Median Sales Price $135,300 1997 Median Sales Price $124,800 Sales price has risen dramatically over the last 11 years, even through this current downturn. For more information on a regular basis. please sign up for First Weber's RSS feed. ~Katie Huebschen, Data compliments of WIsconsin REALTORS Association Wednesday, May 7. 2008
Housing Crisis is over Posted by Katie Huebschen, First Weber Group
in Northwoods Wisconsin real estate, Wisconsin real estate news at
16:13
Comments (0) Trackbacks (0) Defined tags for this entry: housing in Wisconsin, when to buy real estate in Wisconsin, Wisconsin real estate news
Housing Crisis is overAccording to an article in the Wall Street Journal online "The Housing Crisis is over" Written by Cyril Moulle-Berteaux, the article states despite the gloomy headlines in traditional media, April 2008 was the likely the bottom of the U.S housing market. Reaching the bottom doesn't mean by next year we will be seeing double digit increases in prices, but at least things will no longer be getting worse. Well, that is something. We'll take it! But of course it is not that simple. Mr. Moulle-Berteaux, a managing partner with Traxis Partners LP which is a hegde fund firm in New York also stated "We are of course experiencing a housing bust, with serious consequences that are still unfolding. The odds are the reverberations will lead to subtend growth for a couple of years. Nonetheless, housing led us into this credit crisis and this recession. It is likely to lead us out. And that process is underway right now." Thursday, May 1. 2008
Where do I find a Home Stager? Posted by Katie Huebschen, First Weber Group
in Buying & Selling at
18:48
Comments (0) Trackbacks (0) Where do I find a Home Stager?
Finding a home stager is just one more thing to do! You can click the links below or just contact us and we can get you set up. First Weber Group's Concierge desk has several stagers available to help get homes staged for sale. You can contact them through clicking into a region of our Concierge desk here and visit their websites. Site Index | Consumer Notices | Copyright © 2007 First Weber Group |
