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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.

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 IN OTHER NEWS
What We're Working OnSubmitted: 11/28/2014

- People in the Northwoods didn't let the chillier temperatures stop them from heading out for Black Friday this morning.

- Kids in Eagle River got a special treat at the Northwoods Children's Museum. The museum brought in two live turkeys for their annual Turkey and Traditions event. Every November, two turkeys are brought in to help teach kids about where their Thanksgiving meal comes from. Hear about the importance of the program coming up on Newswatch 12 tonight.

- If you're not in the Christmas spirit yet, a local model train show can help transport you to Santa's Village.

- And homemade pizzas turn into more than sauce and dough at one Eagle River household. We'll meet Gary Anderson tonight on Newswatch 12 and tell you how his pizza making turned into a fundraising tool to help people in the Northwoods.

We'll have the details on these stories and more tonight on Newswatch 12 - news from where you live.

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Northwoods Children's Museum hosts turkeys for educationSubmitted: 11/28/2014

EAGLE RIVER - People who head to the Northwoods Children's Museum will get a special surprise.

The museum in Eagle River is hosting a couple of live turkeys this month.

Workers say the live animals help children understand exactly where their Thanksgiving meals come from.

The program has been running for about 10 years.

Turkey and Tradition draws a lot of people to Eagle River every November.

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Holiday Model Train Show Opens in MinocquaSubmitted: 11/28/2014

MINOCQUA - If Black Friday and the snow didn't get you into the Christmas spirit just yet, a local train display could help.

The Northwoods Model Railroad Club opened Santa's Village Friday.

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Black Friday Shopping in the NorthwoodsSubmitted: 11/28/2014

RHINELANDER - Many people woke up early and headed to the store for Black Friday.

It is considered one of the biggest shopping days of the year because it can mark the start of the holiday shopping season.

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Funeral set for 3 children who died in U.P. crashSubmitted: 11/28/2014

DAGGETT, MI - A funeral has been scheduled for the three children killed in a weather-related crash in the Upper Peninsula.

TV station WBUP-WBKP reports (http://bit.ly/1vpSGy8 ) the funeral for Michael, Maxwell and Joelle McCue is set for Sunday at the Carney Free Church in the Menominee County community of Carney. The children ages 11 to 14 died Monday after their van smashed into a semi-truck on snowy U.S. 41 near Daggett.

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Local churches deliver Thanksgiving mealsSubmitted: 11/27/2014

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RHINELANDER - Members of two local churches came together this Thanksgiving to serve the community.

Grace Foursquare Church and North Country Vineyard Church in Rhinelander prepared and delivered meals to people in the area.

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People Across the Northwoods are thankful for many thingsSubmitted: 11/27/2014

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NORTHWOODS - Aspects of your life that you are thankful for always seem to standout on Thanksgiving.

It did not take long to find people in Eagle River who were thankful for something's.

"I'm thankful I've got a house, I have a roof over my head I can eat every day, I have a job," said Eagle River's Brad Pagels. "There really isn't much I want for or lack for anything."

"I'm thankful for many many things but the one thing I can think of in particular is having the kindest wife in the world someone who I can love and respect for all my days," said Peoria, Illinois Native Ben Prichard.

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