For the most part the market is fairly good for us in Sawyer County while the rest of the Country appears to be in the tank; that is if you believe everything you read and everything you hear on the networks.
According to a recent report by Lawrence Yun, who does research for the National Realtors Assn., there is a pent up demand on the part of buyers. The US has added 4 million jobs since mid-2005, wages have risen 7%, aggregate national income is up $1.35 trillion and wealth has grown significantly.
So, many people have the means to purchase homes but it appears that some are just holding back because of uncertainty. Mortgage rates are certainly attractive especially with the announcement yesterday and the stock market is chugging along. Consumer confidence is up, business confidence is up, inflation continues in check and home sales are brightening across the country.
What do we make of all of this? From my perspective we can’t always compare what is happening locally with what is in the national news. If you are a buyer, be patient and prudent. If you are a seller, be patient and persistent. In the end owning your own home is still a great investment!
Have a wonderful weekend and don’t forget that Fall Fest is in Hayward this weekend and Cranberry Festival in Stone Lake is Saturday, October 6. Check out www.haywardareachamber.com or www.haywardlakes.com for a calendar of events.
Life Is Good, Enjoy!
Gary
