Loading

30°F

31°F

37°F

28°F

37°F

28°F

28°F

33°F

37°F
NEWS STORIES

Northwoods home sales and interest ratesSubmitted: 06/20/2013
Adam Fox
10 p.m. Anchor/Reporter
afox@wjfw.com


RHINELANDER - We can often judge how the economy is doing, by the strength of the housing market.

Things have been rough since the housing bubble burst in 2007.

Buyers and sellers are just starting to feel good again.

But how long will that feeling last?

Dave Olson's house has been for sale for a year.

He hasn't hired a broker.

But he thinks this is the summer to sell.

"You know that there are people out there buying homes, so there are more people looking than maybe what there was a year ago," Olson said.

That's optimism that homeowners in the Northwoods haven't felt lately.

Kim Brixius has been selling homes for 16 years.

This winter was her best ever.

She thinks that's because a historic opportunity is almost closed for good.

"The interest rates and the historically low values," Brixius said. "I think it's driving people to realize if they wait much longer, they're gonna miss out."

Interest rates are historically low because the Federal Reserve is buying bonds to keep them there.

But Fed Chairman Ben Bernanke says if the economy continues to improve, they will slowly step back.

"If the incoming data supports the view that the economy is able to sustain a reasonable cruising speed we will ease the pressure on the accelerator by gradually reducing the pace of purchases,"Bernanke said.

Brixius thinks that would bring Wisconsin home sales to a screeching halt.

"All that could put the brakes on the buyer situation, so then sellers may be waiting a lot longer than they thought,"Brixius said.

Regardless, Olson is staying positive.

"I'm very optimistic," Olson said. "I'm thinking one that the market should be getting better; it has to be getting better."

And hopefully the Northwoods won't have to experience another housing burst anytime soon.

Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
Free meals helps fight hunger in northcentral Wisconsin Submitted: 10/21/2014

Play Video

WAUSAU - Nearly a billion people in the world don't eat enough to stay healthy. People in Wisconsin do much better than that, but too many still struggle with hunger.

One church in northcentral Wisconsin wants to help more people understand the hunger issue.

St. Paul's United Church of Christ in Wausau serves hot meals every Tuesday. They've been doing this for about a decade. More than 30 people had a hot meal Tuesday. They don't ask for an ID or any type of income verification.

They started this because they saw more people ending up on the streets.

+ Read More
Rennes Health and Rehab Center to expandSubmitted: 10/21/2014

Play Video

RHINELANDER - The Rennes Health and Rehab Center in Rhinelander will add an extra 10,000 square feet to its facility.

The center hosted a groundbreaking ceremony Tuesday. It offers rehabilitative and skilled nursing services.

Right now the facility has 72 beds.

+ Read More
Humane societies see influx of kittens Submitted: 10/21/2014

Play Video

NORTHWOODS - We know fall for pumpkins, football, and falling leaves but it's also known for kittens.

Shelters in northcentral Wisconsin refer to both fall and spring as "kitten season."

The Oneida County Humane Society has already found homes for 30 kittens just in the last month. Right now the adoption center has 25 kittens.

+ Read More
Teal pumpkins to signal allergy-safe trick-or-treating in the NorthwoodsSubmitted: 10/21/2014

Play Video

NORTHWOODS - Teal pumpkins will act as a beacon to some trick-or-treators in the Northwoods this Halloween.

For kids with food allergies, gathering candy might not be an option.

A new program by the Food Allergy Research & Education organization wants to help those kids. They've come up with the Teal Pumpkin Project.

+ Read More
Rhinelander Area Food Pantry Open HouseSubmitted: 10/21/2014

Play Video

RHINELANDER - The new Rhinelander Area Food Pantry features new aisles for easier shopping, a sitting area, and large scale for weighing food.

You could see the updates at the Rhinelander Area Food Pantry Tuesday. The pantry held an open house to celebrate its new location.

+ Read More
Promoting feed beets in Wisconsin Submitted: 10/21/2014

Play Video

BRYANT - Only one farm in all of Wisconsin grows sugar beets.

Rine Ridge Farms is northeast of Antigo, in Bryant. The farm hopes more farmers will catch on to alternative dairy feed.

"They're 80% digestible where corn is usually only around 40% digestible. They're high in sugar they're 20% sugar," said Dan Rine of Rine Ridge Farms.

Beets are easy to grow in our neck of the woods.

+ Read More
Wisconsin DNR encourages composting Submitted: 10/21/2014

MADISON - The Wisconsin Department of Natural Resources wants homeowners to compost or mulch fallen leaves. This will help keep the leaves out of landfills and lower the chances of burning piles.

DNR leaders say composting means more room and landfill and less chance of stray sparks from burning piles that can start wildfires.

Fewer burning piles will also helps maintain a high level of air quality.
potassium.

+ Read More
+ More General News
Search: 




Click Here