NEWS STORIES

Northwoods home sales and interest ratesSubmitted: 06/20/2013

Adam Fox
10 p.m. Anchor/Reporter
afox@wjfw.com

Play Video

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
Milwaukee students protest Ferguson shooting caseSubmitted: 11/26/2014

MILWAUKEE - The family of a black man fatally shot by a white police officer in Milwaukee is showing solidarity with the family of Michael Brown.

More than 100 protesters gathered in Red Arrow Park in downtown Milwaukee and then marched through the streets Tuesday demanding justice for both Brown and for Dontre Hamilton, a Milwaukee man killed by Officer Christopher Manney earlier this year.

+ Read More
Wetland restoration plan broadens options for DNR, permit seekersSubmitted: 11/26/2014

WISCONSIN - The Wisconsin DNR puts an emphasis on keeping the state's wetland system healthy.

People and organizations now have a new option for addressing wetland damage because of construction.

When people or businesses fill in wetlands, they have to get a permit.

Before, they could restore other wetlands or buy credits from what are called wetland mitigation banks.

+ Read More
USDA purchase will help Northwoods cranberry growers after rough fallSubmitted: 11/26/2014

EAGLE RIVER - A $55 million federal cranberry purchase will help Northwoods growers out of a tough spot.

Harvest numbers fell in the Northwoods this fall.

Growers in the area estimate Wisconsin crops, as a whole, were down about 25 percent.

Meanwhile, the price per pound on the cranberry market has dropped nationwide.

+ Read More
Eagle River native releases album with her bandSubmitted: 11/26/2014

Play Video

EAGLE RIVER - A Northland Pines graduate keeps finding success as a musician.

Autumn Skibinski started a Kickstarter campaign back in June for her band "Only on Tuesdays."

It's helped finance her band's extended play album.

Now, that record, entitled "Break Free," was released this week.

The group credits the generosity of complete strangers for the revenue.

+ Read More
Balanced plate could be best option for Thanksgiving mealSubmitted: 11/26/2014

Play Video

RHINELANDER - Americans will eat more than 40 million turkeys Thursday, and that won't be the only delicious food on the table.

Thanksgiving can start weight gain for many people across the country. Dieticians like Jennifer Mikulich with Aspirus say this is the time of year when some patients avoid their dieticians. She believes the key to a healthy day is a balanced plate.

"You know have a balance between those foods that have some carbohydrates and those foods that don't," Mikulich said. "If you're somebody that is a really big sweet eater and you know there is pecan pie and pumpkin pie, well maybe you won't have the dinner roll and the mashed potatoes."

+ Read More
Bakeries in the Northwoods prepare for ThanksgivingSubmitted: 11/26/2014

Play Video

ST. GERMAIN - Not many "made from scratch" bakeries exist in the Northwoods.

But, the ones that do are busy preparing treats for Thanksgiving tomorrow.

+ Read More
Intriguing projects neededSubmitted: 11/26/2014

ONEIDA COUNTY - Your organization can get some free help solving a challenge or working on a project.

Sixteen members of the Leadership Oneida County program are spending nine months getting to know the services and organizations in the county.

One of their requirements for graduation is to complete a community project by this coming May.

+ Read More
+ More General News
Search: 




Click Here