Vince Hoehn of CENTURY 21 Pierce Realty LLC, Manitowish Waters, WI

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 ...

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 ...

Subtitled:  Putting Your Money Where Your Mouth is. For some time now I have been saying that this is a great time to buy real estate.  Buy when everyone else is selling, sell when everyone else is buying -- you have heard a variation of it many times.  I've said it, I believe it, and perhaps the following will ...

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 activity driven by buyers taking advantage of price-distressed foreclosed homes and short ...

A good portion of the real estate market in Manitowish Waters is in second (vacation and investment) homes.  As a mater of fact, the second home market quite possibly exceeds the market for primary residences in units and dollar value in Manitowish Waters, Presque Isle, Boulder Junction, and a number of other northwoods ...

Bank foreclosures - in a number of real estate markets across the county, foreclosed properties represent a large part of the real estate inventory and a large part of the business of many a real estate professional.  In Wisconsin we have a foreclosure rate of about 1/3rd the national rate and a much, much better rate than the hardest hit ...

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 ...

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 ...

On March 4th, 2009, the Greater Northwoods Multiple Listing Service had 2,143 listings for single family (detached) homes.  In the previous 12 months, 1,207 homes and cottages fitting this classification sold.  This is a market absorption rate of 100 homes per month over the preceeding 12 months.  With 2,143 homes presently listed, ...

Let’s consider several of unrelated statistics today. First, have you spent any time wondering how REALTORS® such as myself have been faring in this economic downtown? Probably not, but here is one way to quantify what is happening. The Wisconsin REALTORS® Association forecast before the end of 2008 that the local associations ...