Loading

22°F

23°F

23°F

26°F

21°F

24°F

23°F

25°F

21°F

22°F

25°F

27°F

23°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
Wisconsin may see the fewest number of traffic deaths since World War IISubmitted: 12/19/2014

MADISON - Wisconsin may see the fewest number of traffic deaths since World War II.

Traffic fatalities continue to decline across Wisconsin.

As of Wednesday, Wisconsin Department of Transportation Data showed there have been 480 road deaths so far this year.

That's compared to 527 in 2013.

The director of the transportation department's bureau of safety hopes there will be less than 500 fatalities by the end of the year.

+ Read More
Flood Warning at Keshena may be extended againSubmitted: 12/19/2014

KESHENA - A flood warning effecting south central Menominee county could be extended again.

The warning for the Keshena area is due to run out at 10:00 p.m. Friday.

The warning will be extended if high water continues to be a problem.

The National Weather Service issued the warning after ice jams backed up water on the Wolf River.

+ Read More
Couple sues county officials for putting down donkeySubmitted: 12/19/2014

BUTTERNUT - A Wisconsin couple is suing Ashland County officials for putting down their mammoth donkey named Jethro.

The Daily Press of Ashland (http://bit.ly/1w6ElCB) reports Patricia and Dwight Westmore have filed a lawsuit in federal court alleging the county unfairly seized Jethro and four horses from their property last year after a report of maltreatment. The complaint alleges Ashland County euthanized Jethro over the couple's objections. One of the four horses taken later died.

+ Read More
Stranger donates $1,200 gold coin to Langlade County Salvation ArmySubmitted: 12/18/2014

Play Video

ANTIGO - Salvation Army workers in Langlade County don't know who to thank.

A stranger dropped a $1,200 gold coin into one of the red kettles in Antigo.

"The coin is in very good condition. Somebody knew what they were doing when they dropped it in the bucket," says Langlade County Salvation Army Volunteer Coordinator William Kelly.

Someone donated a 1922 Philadelphia mint Saint-Gaudens $20 gold coin at Fleet Farm in Antigo.

Volunteers don't know who made the donation.

+ Read More
Wisconsin ranks 32nd in private-sector job growth during June 2013-14 stretchSubmitted: 12/18/2014

MADISON - Wisconsin ranks 32nd in private-sector job growth for the 12-month period ending in June.

The latest figures were reported Thursday by the U.S. Bureau of Labor Statistics.

They show that Wisconsin grew private-sector jobs between July 2013 and the end of June this year by 1.45 percent. That lags the national average of growth at 2.3 percent.

Wisconsin ranks 32nd nationally and behind Michigan, Indiana, Iowa, Illinois and Minnesota.

The Wisconsin Department of Workforce Development also reported Thursday that unemployment dropped from 5.4 percent to 5.2 percent between October and November. The national unemployment rate for November is 5.8 percent.

The monthly also shows Wisconsin added 16,500 private sector jobs in November.

+ Read More
Expert: Walker still has time to declare Pres. run after Jeb Bush comments, Legislature to take lead on some issuesSubmitted: 12/18/2014

RHINELANDER - Gov. Scott Walker won't say when he'll decide if he'll run for president in the upcoming 2016 election, but some political observers say former Florida Governor Jeb Bush's announcement to "actively explore" a presidential run adds some urgency to declare for possible contenders.

Gov. Walker said this week that Bush's comments, "don't affect me one way or another."

However, UW-Madison Professor of Political Science Kenneth Mayer says Walker and other possible candidates may have time into January or February to make a decision.

+ Read More
2 Salvation Army red kettles stolen in HaywardSubmitted: 12/18/2014

HAYWARD - Two Salvation Army red kettles have been stolen in Hayward in recent weeks.

The Salvation Army says one of the kettles contained an estimated $400.

The most recent theft happened Wednesday at Walgreen's. Sawyer County Salvation Army director Debbie Huebner says surveillance video shows someone grabbed the kettle's stand and put the whole structure into the back of a vehicle.

Huebner says that kettle had been emptied right before the theft. But a few weeks ago, a thief cut a cable to steal a kettle from Walmart. Huebner estimated it contained $300 to $400.

+ Read More
+ More General News
Search: 




Click Here