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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: 09/28/2016

- Tonight on Newswatch 12:

The rain we've had recently caused some problems with the potato harvest. We talked to potato growers in the Antigo area about how they think the season went.

Earlier this week the Northland Pines School Board approved drug testing. We'll tell you what it means for the students.

And we'll update you on the progress of the Rhinelander Ice Arena expansion.

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

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STEVENS POINT - Stevens Point police want your help finding suspects in two possible stabbings.  The stabbings happened early Friday morning and early Sunday morning near downtown Stevens Point.

Friday, four young men got into a fight on Main Street. One man said he was stabbed in the chest.  Police say the suspect is a black man in his mid-20s, about 5' 9" tall, with a muscular build and short hair.  The victim was treated at the hospital and released.

Sunday morning, police responded to an incident at 2nd Street and Crosby Avenue. Witnesses heard glass breaking and people yelling about a stabbing.  Police don't have a victim or suspect description in that case, but they don't believe the two stabbings are connected.

If you have any information about the stabbings, call Detective Sgt. Gruber at 715-346-1518.

You can also call Portage County Crimestoppers to remain anonymous at 888-346-6600.

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MADISON - Damage caused by flooding in Wisconsin already is getting close to $10 million dollars.

Wisconsin emergency management workers provided the estimate on damage to homes, businesses and public infrastructure.

In an update Tuesday night, the State Emergency Operations Center put the damage to homes and businesses at over $1.6 million dollars.

Damage to public infrastructure, including roads, bridges and trails, has reached over $8 million dollars.

The numbers should go higher, as some counties are still not reporting.

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MILWAUKEE - Republican vice presidential nominee Mike Pence is meeting with campaign volunteers in Wisconsin, including Gov. Scott Walker's son.

Pence stopped by a Republican campaign headquarters outside of Madison Tuesday after spending the afternoon with Walker preparing for his debate next week with Democrat Tim Kaine.

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EAGLE RIVER - The streets in Eagle River got an extra wash on Tuesday and not just from the rain.

The Light and Water Utility spent most of the day flushing fire hydrants.

The city flushes the hydrants twice a year, once in the spring and fall.

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RHINELANDER - People in Rhinelander will be able to cast their November election ballots starting on Friday.
It's the earliest people in Wisconsin have ever been able to vote.

The absentee ballots are stacked and ready for Friday at the Rhinelander City Clerk's office.
To make the early voting process go as smoothly as possible, you will need to come prepared.

"When you come in make sure that you're registered. That is important. Make sure you're registered in the city if you're coming into us," said Clerk Valerie Foley.

Registering is easy; all you need is a photo ID and proof of residence.
The registration form takes a couple of minutes, and then you will be able to fill out an election ballot.

"I think it is going to be a very busy day. I think people are pretty interested in the issues. And I think a lot of them would like to get and make sure they can vote if they're not certain they're going to make it to the polls in November or not," said Foley.

The clerk's office has already sent out about 200 ballots to people who have requested them.

Now, it is preparing for the early voter in-person rush.

If you are unsure whether you are registered to vote or where to go for early voting, the clerk's office suggests voters visit myvote.wi.gov for more information.



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TOWN OF LITTLE RICE - Dennis Schoeneck's pickup truck sloshes through muddy logging roads these days.  But he'd prefer it if a much larger truck could even make it down the path.

"Heck, I think you could spit and make mud here," the Enterprise Forest Products owner said Tuesday morning.

Foot-deep ruts make up most of the logging road leading back to 23 acres of private land the long-time logger harvests in the western Oneida County town of Little Rice.  Schoeneck started logging professionally in 1979 and says 2016 has been "exceptionally wet" compared to any other year.

"The old adage, make hay while the sun shines, that's not just for farmers," Schoeneck said.  "That's for us too."

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