RIS Media Reports: "Mortgage Rates Hit New Lows"

RIS Media reports that for 2014 mortgage rates have hit new lows.
Currently local rates are hovering around 3.125% - 3.4% for a 15 year note and 4% - 4.5% for a 30 year notes.  Northwest WI has many highly qualified and excellent lenders. If you are looking to finance your purchase be sure to contact one of our local lenders.
Local Lender List

To see the full RIS Media article click on the link below.
Mortgage Rates Hit New Lows/

Here's a fun video clip of all the great things going on during the 2014 Chequamegon Fat Tire Bike Race.

Lumberjack World Championships!

This weekend is the Lumberjack World Championships in Hayward. Come Enjoy the fun.

Lumberjack World Championships

Lots of Summer Fun

If you are looking for fun things to do in the Hayward area this summer check out the Chamber of Commerce website and this link to the Hayward Area Attractions.

Realtor Recycling Round-Up

Market Update for Buyers

Market Update

It was a strong year for sales in 2013; with it behind us it is worth taking a look at the pulse of the market. State-wide in Wisconsin home sales were strong with a state average up more than 11 percent over 2012. In our area the number of homes sold and median price was up over last year; a good sign for sellers. I have attached a brief overview of all property sales for Sawyer County for 2013 as compared to 2012.

The downside for sellers is that growth in value is slow but the upside is that our property values are far less volatile when compared to areas in the western and the southern parts of the country.

For buyers there remains a good amount of supply, continued low interest rates, good local lending and overall very affordable land, homes and commercial properties. In summary it remains a buyers market even though inventories are shrinking. There still remains a good supply of properties at affordable prices. Coupled with low interest rates it should be another strong year for our area.

It has been a great year for snow and that is about all I wish to say with respect to winter. Let the sun shine and the snow melt; I am ready for spring and summer!

Gary Nathan
Life is a Gift...Live it!
Woodland Developments & Realty

New Mortgage Rules

This is a great interview with Rose Oswald Poels from the WBA (Wisconsin Bankers Association) on how the new federal mortgage rules will impact borrowers.

By the way... this impact isn't just for WI -- these are Federal Rules....
WISN 12 News Kent Wainscott Interview with Rose Oswald Poels

Trail Report

Keep up to date with Ski Trail conditions by checking out the Birkie Trail Report and the Live Birkie Trail Cam at OO 

Life is a Gift...
Live it!
Gary Nathan
and Amanda Mavis






Photo by Barb Lundberg Photography

The Impact of Housing on the Economy

I read recently about the economic impact that home sales have on a community, and for that matter on Wisconsin and our country. According to Mike Theo or the Wisconsin Realtors Assn. the real estate industry accounted for $28.2 billion or 12.5 percent of Wisconsin’s gross domestic product in 2012. Every time a home sells it generates more than $13,000 in income from real estate related industries and over $5,000 of additional consumer spending. Plus there is another $3,000 that will be spent by that new home owner on remodeling and maintenance projects. Add to that the fact that another $11,000 can be directly linked to spending in local restaurants, on sporting events, support for local charities and more. There is no doubt that housing is a very important economic driver so let’s hope the upswing in 2013 will continue for 2014 and beyond.

Gary Nathan

Life is a Gift...

Live it!