Loading

43°F

43°F

45°F

44°F

45°F

44°F

43°F

45°F

45°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
UW-Marathon County issues voter IDs to students who need oneSubmitted: 09/30/2014

WAUSAU - A local college wants to make sure its students can vote this November.

UW-Marathon County is issuing voter IDs to students that don't have them.

Everyone in Wisconsin needs to have an ID to vote this fall.

The university started making the IDs Monday.

All UW schools will be issuing IDs to students who need one.

"The biggest reason that we're doing this is we really want our students to have that opportunity to vote," says Interim Assistant Campus Dean for Student Affairs and Enrollment Management at UW-Marathon County Carla Rabe. "Some of our students may not have the proper voter ID, and so for us to offer that opportunity to our students really just encourages them to really take the importance in voting."

+ Read More
Update-Inmate captured after failing to return to jailSubmitted: 09/30/2014

MARATHON COUNTY - An inmate who didn't return to jail from Huber release will now get a chance to think about his mistake.

The Marathon County Sheriff's department confirms inmate Tommie Rothenberger has been captured.

He was found in Waupaca County around 5:30 last night.

Rothenberger was let out of the Marathon County Jail Friday morning to go to school at Northcentral Technical College.

+ Read More
Iconic northern tree species could disappear as Northwoods climate warmsSubmitted: 09/30/2014

Play Video

FIFIELD - "Here's the paper birch, or white birch. It's one of my favorite trees," Linda Parker tells me as we walk through a part of the Chequamegon-Nicolet National Forest near Fifield.

But her next thought on the tree is not so pleasant.

"This again is one of the species that occurs at the southern edge of its range here. It's more common to the north," she says. "This is another species in which we expect to see large declines."

+ Read More
Firefighters practice rescue in sewerSubmitted: 09/30/2014

Play Video

RHINELANDER - Firefighters need to practice rescue techniques so they can stay safe when responding to real emergencies.

Members of the Rhinelander Fire Department spent Tuesday in a sewer to practice rescuing people in a tight space.

Click "play video" to see how and why they do it.

+ Read More
Wisconsin gets record timber sales on state lands; catching up on land management planSubmitted: 09/30/2014

RHINELANDER - Wisconsin made a record amount of money from timber sales on state lands in the most recent fiscal year.

Timber sales totaled $ 11.7 million during the most recent fiscal year. The fiscal year ended in June. DNR Chief Forester Paul DeLong says they fell behind on their land management plan in the early 2000s, so the record sales reflect the fact they're trying to catch up.

"We'll actually come back down slightly looking forward a bit because we will have worked down that backlog," DeLong said.

+ Read More
Preserving Wisconsin's wetlands Submitted: 09/30/2014

Play Video

RHINELANDER - You can find hundreds of plant species, different types of animal life, and breathtaking views in Wisconsin's wetlands.

Many people want to make sure wetlands are protected for years to come.

One group recently released a book educating others on wetland conservation.

"My favorite part is waking up and looking out the window. Every day is different. Every season is different," said wetlands owner Scott Eshelman.
Wisconsin wetlands surround Scott Eshelman's property.

+ Read More
Virgin Airlines lets some employees have unlimited holiday vacation days, experts say strategy won't work in Northwoods Submitted: 09/30/2014

NORTHWOODS - Unlimited vacation time might sound unrealistic, but Virgin Airlines is letting some of its employees take off whenever they want. Nicolet Staffing thinks that wouldn't work in the Northwoods.

Virgin Airlines got the idea from Netflix. One hundred seventy employees can only take the unlimited days off when they feel that their team is up to date with every project. They also need to make sure their vacation time won't damage the business or their career.

Nicolet Staffing branch manager Robert Erickson says with so many manufacturers in the Northwoods, that system isn't possible.

+ Read More
+ More General News
Search: 




Click Here