Loading

29°F

31°F

32°F

31°F

32°F

31°F

31°F

33°F

32°F
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
Fewer homeless people found in Wisconsin surveySubmitted: 10/31/2014

MADISON - A federal report tells us fewer people in Wisconsin need help finding a place to call home.

It showed the number of homeless people has declined slightly.

The U.S. Department of Housing and Urban Development made the report to Congress.

It comes from a one-night count by local homeless advocacy agencies.

+ Read More
Price County man sentenced to 25 years in prison for killing wifeSubmitted: 10/30/2014

Play Video

PHILLIPS - A 47-year-old Price County man was sentenced to 25 years in prison for murdering his wife. The murder happened just two weeks after William Rambo was charged with domestic abuse.

He could get released on extended supervision after serving his prison sentence. A judge will decide that after he serves that time.

It started August 22, 2013 in Park Falls. William Rambo and his wife Dawn had been arguing at their home at 284 2nd Street North. According to the criminal complaint, Dawn made William leave the house to settle down. He said they got into an altercation when he got back.

+ Read More
Defense rests in Wisconsin Rapids homicide trialSubmitted: 10/30/2014

WISCONSIN RAPIDS - The attorneys for a 55-year-old Wisconsin Rapids man accused of killing his daughter's ex-boyfriend have rested their case after two days of witness testimony.

Joseph Reinwand is charged with first-degree intentional homicide in the 2008 shooting death of 35-year-old Dale Meister. Reinwand decided not the take the stand Wednesday in his own defense.

+ Read More
Wisconsin Rapids man gets life in 2008 homicideSubmitted: 10/30/2014

Play Video

WISCONSIN RAPIDS - A 55-year-old Wisconsin Rapids man has been sentenced to spend the rest of his life in prison after a jury convicted him of killing his daughter's ex-boyfriend.

Jurors deliberated for less than two hours Thursday before finding Joseph Reinwand guilty of first-degree intentional homicide.

Wood County Judge Greg Potter sentenced Reinwand to life in prison with no eligibility for extended supervision.

Reinwand was charged in the 2008 shooting death of 35-year-old Dale Meister.

+ Read More
Northwoods Highway Departments prep for first snowfall Submitted: 10/30/2014

Play Video

BOULDER JUNCTION - Northern Wisconsin likely faces the first significant snowfall of the year Thursday night. That means highway departments are prepping for the start of snow-removal season.

Last year's winter was tough on Wisconsin highway departments. Vilas County is making sure they're ready to go this year.

+ Read More
Halloween can be more than just trick-or-treatingSubmitted: 10/30/2014

Play Video

MINOCQUA - Retailers could set records this year for the highest Halloween sales. Most of that money is going towards candy and children's costumes.

But Halloween isn't just for kids anymore. Many adults are throwing Halloween parties to celebrate.

+ Read More
Substitute teachers will get paid more.Submitted: 10/30/2014

Play Video

RHINELANDER - Substitute teachers working for the Rhinelander School District will get paid more.

The district superintendent thinks the pay increase will make it easier for them to find substitutes. The district has had a difficult time finding subs since they started paying substitute teachers less than other districts.

Last year, they changed long term sub pay from 190 dollars to 135 dollars per day.

Some local subs started working for other districts.

+ Read More
+ More General News
Search: 




Click Here