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Sunday, November 29. 2009

Helping with a Habitat house Posted by Katie Huebschen, First Weber Group in Metro Milwaukee, Wisconsin, Wisconsin Community Involvement by First Weber Group REALTORS at 15:21

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Helping with a Habitat house

Helping out with a Habitat for Humanity house is one way First Weber's North Shore office is giving back to the community.  As we just enjoyed Thanksgiving, it seems an appropriate time to post pictures of First Weber agents helping others achieve the most basic of human needs: shelter.  

We at First Weber Group hope you are thankful for the home you have!

Tuesday, November 24. 2009

Downsizing the house Posted by Katie Huebschen, First Weber Group in Greater Madison, Wisconsin, Metro Milwaukee, Wisconsin, North Central Wisconsin, North East Wisconsin "state of real estate", Northwoods Wisconsin real estate at 16:19

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Downsizing the house

The demand for smaller homes is growing. Census Bureau data shows that in 2008, the median home size shrank from 2,277 sq ft to 2,215.  (That's still bigger than my house!) This is the first decrease in median size in almost 14 years.  In a poll done by the National Association of Home Builders, 9 of 10 builders would be building small houses as a result of this trend.  Not only are people trimming the excesses of previous years for financial reasons, but the smaller homes seem to fit in better with today's environmental/green movement. Original article by Hanah Cho, Baltimore Sun

It will be very interesting to see if this trend continues in Wisconsin real estate.  What do you think will happen?  Is your home larger or smaller than the median size?

Wednesday, November 11. 2009

October real estate sales soar in ... Posted by Katie Huebschen, First Weber Group in First Time Home Buyers in Wisconsin, Metro Milwaukee, Wisconsin, Wisconsin real estate news at 20:47

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October real estate sales soar in Milwaukee area

October was a fantastic month for Metro Milwaukee residential real estate! (November had good news too, but we'll get to that later)  These statistics are courtesy of the Metro Milwaukee Multiple Listing Service.

Sales soared 33% over October of last year. 

1191 homes were sold MLS wide October, 2007.

1093 homes were sold October, 2008

1464 homes were sold this October, 2009.

The First Time Homebuyer credit certainly had something to do with this. The credit, due to expire November 30, had many buyers scrambling to close by then. Thankfully, on November 7, 2009, the credit was extended until April 30, 2009 with extra time added to close.  (That's November's good news so far)  Normally, November's sales slow down - a simple seasonal thing.  It will be very interesting to see November's sales this year. I am betting they will be strong!

This is all great news for Wisconsin homeowners!  If you have Wisconsin real estate market question, please send us a comment and let us know what you are looking for.

Wednesday, November 11. 2009

The Moderne condominiums in downtown ... Posted by Katie Huebschen, First Weber Group in Metro Milwaukee, Wisconsin, Wisconsin real estate news at 20:17

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The Moderne condominiums in downtown Milwaukee moving forward

The Moderne condominiums in downtown Milwaukee, Wisconsin is approved and expected to break ground in December. 

You can see individual units listed for sale through First Weber Group here, more on this condo project at this project page on firstweber.com, or at this Moderne website or at this article in  BizTimes.com

The development has a prime location at Juneau and Old World Third Street in downtown Milwaukee.  First Weber Group has been marketing The Moderne for several years. We're thrilled to see the approval come through. 

Take a look at the links above and let us know your thoughts on The Moderne condos.

Wednesday, November 11. 2009

Metro Milwaukee real estate market ... Posted by Katie Huebschen, First Weber Group in Metro Milwaukee, Wisconsin, Statistics for Wisconsin Real Estate, Wisconsin real estate news at 18:06

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Metro Milwaukee real estate market becomes more balanced

The real estate market in most of the counties in Metro Milwaukee is becoming more balanced.  The third quarter stat report from the Metro Milwaukee MLS ranks counties from a 1 (buyer's market) to a 5 (seller's market).   We're happy to report that Milwaukee County, Waukesha County, Ozaukee County, and Washington County are ranked as 3, indicating balanced.  Racine County was ranked as 2, showing a slight lean to the buyer's market side.  The "days on market" for all these counties went down slightly, meaning it took less time to sell.

Third quarter, 2009 sales in Milwaukee, Waukesha, Ozaukee, Racine and Washington Counties were all up over second quarter, 2008 as shown below:

County# homes sold 2nd Q 2008# homes sold 3rd Q 2009
Milwaukee15781730
Waukesha827985
Ozaukee179214
Racine390413
Washington265289

The Homebuyer tax credit was extended and expanded to include current homeowners.  This should have an additional boost on sales. When you're ready to search for a new home, please do so at firstweber.com

Tuesday, November 10. 2009

Home buyer tax credit extended for ... Posted by Katie Huebschen, First Weber Group in First Time Home Buyers in Wisconsin, Metro Milwaukee, Wisconsin, North Central Wisconsin, North East Wisconsin "state of real estate", Northwoods Wisconsin real estate, Relocating to or from Wisconsin, Wisconsin real estate news at 02:58

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Home buyer tax credit extended for first time homebuyers, expanded to current homeowners

Huge news on the Wisconsin real estate front about how the new extended and expanded home buyer tax credit can help out homebuyers and sellers!

One of the most important inclusions in the new tax credit is that it also includes existing homeowners. Up to $6500 is available. As usual, "certain restrictions apply". See more at firstweber.com and nar.com  This credit is good on contracts written up to April 30, 2010. There is then additional time to close. See details in the link above.

The $8000 credit for first time home buyers is being extended until April 30, 2009.  Thank goodness, because the previous deadline to close was November 30, 2009.  The new credit is good on contracts written up until April 30, 2010.  Again, restrictions apply so read the facts at firstweber.com and other links you'll find there. 

In my opinion, this is fantastic news for Wisconsin home sellers and home buyers, and certainly Wisconsin Realtors as well.  If you have questions, please contact us, send a comment or ask a question. 

If you just can't wait to start searching for a home, here's a link to our search page!.  There are almost 80,000 searchable at firstweber.com - five Multiple Listing Services across the state. If you want Wisconsin real estate, firstweber.com is an excellent place to get it.  Contact us when you feel you are ready to proceed and we'll walk you through the whole process.

Wednesday, November 4. 2009

Foreclosures down in Metro Milwaukee ... Posted by Katie Huebschen, First Weber Group in Metro Milwaukee, Wisconsin at 18:26

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Foreclosures down in Metro Milwaukee area ...

Foreclosures were down 12.5% in the southeastern Wisconsin compared with October, 2008, according to this post on jsonline.com.  Foreclosures were also down 8.5% from September, 2009.  It's always nice to pass along good news!
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