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Yesterday I posted a line chart graphing 4th quarters closings in units by year of single family homes throughout the Greater Northwoods Multiple Listing Service. Today I am restricitng the geograhical area to the area that I generally work -- the towns of Manitowish Waters, Presque Isle, Winchester, Mercer, Boulder Junction, Lac ...
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Here is a link to a story that is illustrative of the difficulties faced by real estate agents working with short sales and foreclosures and the buyers and sellers of same. These types of transactions do not make up a big part of my business (and before about 1 year ago, none at all), but I experienced several in 2010 and ...
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It seems as if everyday I hear the question "How's the real estate market?" It is as sure to come up as a topic of conversation as is the weather. My answer varies somewhat from questioner to questioner, but some aspects of my response are more consistent. One item I consistently ...
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It's time to make some predictions about how the real estate market will fare in Wisconsin's Northwoods in 2010. My crystal ball is just as murky as the ones belonging to all the other prognosticators, and my forecasts may be worth only what you are paying for it, but here goes:Even though mortgage rates have trended down ...
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Earlier this year I wrote about how foreclosures are a rare occurence in Manitowish Waters and my reasons for thinking why this might be so. Well, two more notices of sheriff's sale were posted at the Community Center just this morning -- an off water home on Powell Road, and a very nice home on Clear Lake. Add these ...
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There are two types of homes selling in today's buyer's market. Let's call them:The "Opportunity House", andThe "Deal House"Before we get into 1. and 2. above, we first need to agree that today's real estate market is a buyer's market. We have all heard that over and over and we are in ...
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I would like to recap a conversation I had recently with a couple contemplating moving to another community. The conversation started off with them inquiring of me “How’s business been?”, which, rather than just making polite conversation, was actually a way for them to broach the subject of the likelihood of them being ...
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