Loading

58°F

58°F

57°F

55°F

57°F

55°F

57°F

64°F

57°F
NEWS STORIES

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

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.

Story By: Adam Fox

Text Size: + Increase | Decrease -
 Print Story Print Story | Email Story Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
Trek Bicycles defends ad - GOP files complaintSubmitted: 07/22/2014

Play Video

MADISON -
A spokeswoman for Trek Bicycles says its full page newspaper advertisement complies with Wisconsin law and is constitutionally protected free speech.

The Wisconsin Republican Party on Tuesday filed a complaint with the state elections board saying the ad that ran Sunday in Madison and Milwaukee newspapers was an illegal campaign contribution to Democratic gubernatorial candidate Mary Burke.

Her father started Trek and she formerly worked for the company.

+ Read More
Sexual assault victim advocate responds to Tuesday's state Supreme Court rulingSubmitted: 07/22/2014

Play Video

RHINELANDER - The state Supreme Court made a ruling Tuesday that could impact what evidence can be used in rape cases.

It reversed the decision of a state appeals court in a 2011 case.

A defendant argued evidence of a previous consensual relationship with the victim should be allowed in court.

But the Supreme Court said evidence of a previous relationship falls under the state's rape shield law.

+ Read More
College board looking for new-member for Board of Trustees Submitted: 07/22/2014

Play Video

RHINELANDER - The Nicolet College Board of Trustees hopes to fill an open seat.

State guidelines mean only a certain candidate can apply for fairness and equal representation.

Criteria for the open seat are that candidates must be female, considered a minority, reside in Oneida County or the portion of Langlade County in the Nicolet District, and meet the definition of an employee.

The new trustee will serve a term that expires June 30, 2015.

+ Read More
Woman, boy nearly drown in swimming accidentSubmitted: 07/22/2014

Play Video

STAR LAKE - Two people nearly drowned in Vilas County today. A boater pulled a 47-year-old woman and an 8-year-old boy out of the water after they started drowning in Star Lake.

The Vilas County Sheriff's Office believes both went under water during a rescue attempt.

+ Read More
Youth Fair gives kids an opportunity to display projects, win awardsSubmitted: 07/22/2014

Play Video

ANTIGO - Kids will get the chance to show off their projects at the Langlade County Youth Fair starting Wednesday. The fair gives kids the chance to win awards for a lot of different things.

Langlade County is one of only a few counties in Wisconsin that give kids such a big role at a fair.

Kids work on the projects for months. Fair organizers think it's important to recognize them for their hard work.

+ Read More
Gas station robbed in Stevens PointSubmitted: 07/22/2014

STEVENS POINT - Stevens Point police want to find the man who robbed a gas station last night.

A store employee told police a man came into the Southside B P on Church street just after 9:30 last night.

He demanded cash from the register.

No weapon was seen, but the man kept his hand in his pocket.

He escaped on foot with the money.

Police have not said exactly how much he got away with.

The Portage County K9 unit was brought in to try to track him.

The man is described as being six feet tall with short blond hair.

He was wearing a black hooded sweatshirt and sunglasses.

+ Read More
Art competition winners announced Tuesday nightSubmitted: 07/22/2014

Play Video

RHINELANDER - Artists found out who won the Northern National Art Competition Tuesday night.

Artists from across the country submitted artwork to the art competition held at Nicolet College in Rhinelander this year.

Organizers expect about 200 people at the reception.

Some of the artists that submitted work will be at Nicolet.

The artists competed for $8,500 in prize money.

The entries come from all over the country, but there is art from the Northwoods on display.

Artists from Rhinelander, Antigo and Lake Tomahawk have work in the show.

+ Read More
+ More General News
Search: 




Click Here