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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.
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"Freddie Sees Mortgage Rates Hitting 6 Percent in 2010" Washington Post (12/26/09) P. A12; ElBoghdady, Dina As reported in the Washington Post , mortgage rates could increase to six percent by the end of 2010, or even sooner, according to Freddie Read More...
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For those sitting on the fence about whether to make the "buy" decison or not, or for those afflicted with " paralysis by analysis " and are looking at every property on the market and thus cannot make a decision, consider this: If Read More...
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Nationally, as well as in our local market, most residential real estate activity is centered on lower end of the real estate market. There are a number of reasons why this is true, not the least of which, at least on the national level, is the sales Read More...
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Day 2 of the GRI Course 3 in Green Bay, WI. A lot of good stuff to digest. First we discussed the benefits of using one’s retirement account to invest in real estate. If you sell your investment property, unless you do a delayed exchange (one type Read More...
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Day One at GRI Course 3 (see my previous post) has proven to be most interesting. The subject today and tomorrow is “Investment Real Estate and Exchanging”, and our instructor assures us that if we master what he is illustrating for us, we Read More...
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I have never, ever been real conversant in the ways and means of the world of high finance - was never really that interested - but the sad state we now find ourselves in, financially speaking, has resulted in me paying more attention to such matters. Read More...
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I commented on the new Real Estate Settlement Procedures Act (RESPA) rules on a previous blog post. I now read that two lawsuits have been filed seeking to reverse or eliminate several rule changes contained in the re-written rules. The lawsuits have Read More...
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More fall-out from the sub-prime mortgage mess: HUD has issued new Real Estate Settlement Procedure Act (RESPA) rules. In recognition of the fact that at times consumers didn't understand the consequences or just simply didn't realize that their 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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I had a mortgage loan officer from a local bank stop in today to pesonally pass the word that her bank has money available for jumbo loans at 6.87% with no points. This is way better than rates have been (8+% with 2 points) since the collapse of the secondary Read More...
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It was just one more announcement, so when I heard that part of the rescue plan money was going to be used to purchase stock in financial institutions, I initially paid little heed to it. For about 10 minutes. Then the realization came: we are talking Read More...
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Like you, I am wondering about the wisdom and necessity of this rescue/bailout plan -- whatever you want to call it. The powers that be insist it is necessary to keep our economy from stalling completely as companies are finding it difficult to secure Read More...
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