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Northwoods home sales and interest ratesSubmitted: 06/20/2013
Story By Adam Fox


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: 12/08/2016

- Tonight on Newswatch 12:

A Winter Weather Advisory is in effect in the Northwoods as lake effect snow falls across the area making traveling hazardous. We'll take you live to Minocqua and give you the latest on snow totals and road conditions.

We'll introduce you to a local baker who has made a name for himself on social media by turning holiday treats into healthy snacks.

And the task of recounting presidential ballots ended in Lincoln and Vilas Counties. We'll show you how the process went in those counties.

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

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The man behind the apron is Dustin Chronister, known as "The Flexible Baker" on the social media platform, Instagram.

Chronister has over 30,000 followers from all over the world.

Chronister posts photos of his healthy treats, then the likes and followers flood in.

"It is super humbling because I never expected it, but it's refreshing," said Chronister.

Chronister is a competitive weight lifter.

To maintain a certain weight, he knew he couldn't eat his favorite traditional desserts.

Chronister decided to create recipes using alternative ingredients like adding protein and sugar substitutes.

Many of his recipes are less than 100 calories.

"I had to figure how to enjoy those sweets and maintain that healthy lifestyle. Then this was born. I just wanted to have my cake and eat it too, and kept it rolling after that," said Chronister.

Chronister recently wrote a second e-book with all his healthy recipes, so he continues to post pictures on Instagram every day.

He reminds people to be "flexible" and find balance in their diets.

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The Republican-led Senate voted 27-10 along party lines Thursday to define wolves as a game species and to authorize the state to designate game. The bill goes to the House.

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Glenn became a national hero in 1962 when he became the first American to orbit the Earth.

Hank Wilson with the John Glenn School of Public Affairs says Glenn died Thursday afternoon at the James Cancer Hospital in Columbus.

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"Eurasian watermilfoil is considered a perennial. However, I consider it an evergreen. A lot of people do," said Oneida County AIS Coordinator Stephanie Boismenue. "The reason being is it's winter-hardy. It's capable to live and grow underneath the ice."

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