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

Today a organization that I belong to, the National Organization of REALTORS (NAR), had to do a little back-pedaling on home sale statistics as reported for the last four years.  The NAR has been criticized at times for being too much of a housing market cheerleader, and perhaps the criticism has some justification.  From 2007 through ...

The headline a few days ago was that 13% of US homes are vacant, up from 12.1% in 2007 (from the US Census Bureau.  Wisconsin is at 13.1%, up from 10.2% in 2000.)  Excel spreadsheet with data on all 50 states  What made it a headline is the concern that an increase in vacancy rates translates into increased downward pressure on home ...

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 ...

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 ...

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 ...

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 ...

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 ...