The Squirrels Never Had a Chance

My wife and I bought this squirrel feeder from Wild Birds Unlimited in Delafield for my parents back yard this Christmas. As you can see the Blue Jay is hogging all the peanuts. The squirrels never had a chance to get their little paws on the goods--poor guys. Dad said that the Blue Jays were lined up to take their respective turns on the wreath. As soon as one left the next flew in for some goodies. In less than 2 hours they had consumed half of this wreath. I hope you had a good Christmas and just enjoyed the fun with family or friends.

You Want to Wait?

This article from the Washington Times on-line paper today states that soon the government will have to end its near total purchase of mortgages that have been generated so far this year. The extension of the first time home buyer credit will stabilize the already shaky real estate market, but only as long as the credit is available. With the eventual withdrawal from the market banks will have to pick up the slack with the mortgages. In a nutshell this means that rates will go up sometime in spring of 2010. Banks are in the business to make money and at 4.78% for a 30 year fixed note, banks generally are not too excited about these low rates. Many experts agree that rates will increase at least one percent to 6%. While this is still historically low, the increase in interest rate has a negative consequence to a buyers purchasing ability. This is what concerns most real estate experts and should most definitely concern soon-to-be home sellers. The old adage that "Spring" is the time to sell is gone in this market. If you are serious about selling NOW is the time to put your home on the market. Waiting could cost you thousands of dollars. If you would like to know more feel free to call me and we can talk, no strings attached, as to why this is the case. You can always reach me toll free at 1-888-HEY GLEN.

Tax Assessment--Fighting City Hall

It is that time when the city will be sending out the reassement notices. Guess what? Taxes are not going down! Even with this economy. So here is a great article on how to fight City Hall with your property taxes.
http://tinyurl.com/mdsxy9

Values are plummeting in the city and across Lake Country. Go prepared to make your case. See what you think of the Wall Street Journal article and if it applies to you. The municipalities need to take notice that the citizens are watching how their elected officials are spending the money and if the reassessments are fair. Check the blog I posted a few hours ago about the values in Oconomowoc.

Oconomowoc Housing Statistics

For those of you who like the crunchy stuff here are some stats as to the state of real estate in the greater Oconomowoc area. The numbers are averages, but they give you an idea of what is happening in our city. The data is from MLS (Multiple Listing Service) and is for the greater Oconomowoc area only. Currently we have 311 homes actively for sale in all price ranges. Of the 311 homes the low is $105,000, the average is $515,886 with the high of $3.1M.

The solds in this sampling were from January 1, 2009 through today, July 17, 2009. There were 112 sales in that time frame with the low of $85,000, the average of $253,923 and a high of $995,000.

With that many homes on the market it is a good time to purchase a home in the city! If you would like more data or have questions about this data, feel free to contact me at ghanon@shorewest.com or you can call me at 1-888-HEY GLEN, toll free.