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Vince's Northwoods Notes blog is dedicated to providing market statistics, real estate news and listings, and community information relevant to Manitowish Waters and the surrounding communities of Northern Wisconsin.
November 2008 - Posts
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Expanding on the last blog post on market absorption rate, let’s break down various types of real estate into number of listings per market price segment. On November 25, for all single family detached lakefront homes listed in the Greater Northwoods Read More...
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On November 22, The Greater Northwoods Multiple Listing Service had 2,722 listings for single family detached homes. In the previous 12 months, 1,264 listed homes of this type sold. This results in a market absorption of 105 homes per month averaged over Read More...
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As reported in the October 13 th edition of Fortune Magazine, household debt (credit cards, mortgages, home equity lines of credit, and auto loans) in the U.S. has risen to about $14.5 trillion dollars, an amount roughly equal to the country’s gross Read More...
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What event is the equivalent, in the minds of many, to Thanksgiving, Christmas, and the Fourth of July rolled into one? And will be upon us tomorrow? Why, it is the opening day of Wisconsin’s traditional gun deer-hunting season, of course. For the Read More...
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You are probably tired of hearing about “bailouts” and “Emergency Economic Stabilization plans,” but here is a little story that might help explain a little bit about how we got to this point. Young Henry moved to Texas and bought Read More...
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In October I posted a story about chickens in Madison apartment buildings (Another Reason To Own Rather Than Rent, October 03) -- it seemed so bizarre that I just chalked it up to “Well, that’s Madtown.” Little did I suspect that there Read More...
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In other words, please do as I say, not as I do. Saturday morning I was in too much of a hurry on one of our local town roads on my way to pick up a yard sign before I went to the office. The road had a slight snow covering -- and some ice, apparently Read More...
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I know from first-hand experience how difficult it is to earn a respectable living as a real estate agent, especially in the challenging market we now find ourselves in. However, judging by an article I recently read, things could be a lot worse for me Read More...
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This morning the sale of my Circle Lily Lake listing (Town of Winchester) closed. The purchase price was 94% of list (which is within my target window for a list-to-sale ratio), so I am quite pleased about that when I consider the market we are experiencing. Read More...
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I have a new listing -- a vacant residential lake lot on Annabelle Lake in the town of Presque Isle, Vilas County. It is located about 3 miles southeast of the village of Presque Isle right off County Hwy B. The lot has 220 feet of very nice sand frontage Read More...
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Timber wolves are a controversial topic just about anywhere there are actually any of them roaming around. Opinions range from “Kill them all!” to “Aren’t they magnificent!” You can hear similar opinions expressed throughout Read More...
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