The quickly changing economy certainly presents some challenges for all of us and the forecasts are all over the board. The last half of 2007 and the first part of this year have been dominated by the subprime mortgage market and the latest stock market sell-off. High oil prices, retail sales and home sales have taken a backseat.
So what is in store for the Wisconsin economy and Sawyer County? How will all this playout in the months to come? We all have our own forecast and stories to tell.
Wisconsin projects that personal income growth will be about 4.3% which follows the U.S. growth rate. We will not be hit as hard by the subprime crisis and mortgage foreclosures are half of what they are in the U.S. on average. Wisconsin folks have above national average credit scores and lower debt levels.
Exports are booming; in fact Wisconsin has enjoyed a 50% increase over the past three years. Wisconsin business, particularly the technology sector is expanding and creating more wealth. We have less economic risk because we are not a boom or bust type of economy.
Finally, this is a presidential election year so the good news is that overall economic growth has historically been better than average during those years. The bad news is we have several months yet of debates and candidates verbally attacking one another.
Our little company had a great year last year including record sales on Teal and Blueberry Lakes and full price and near full price offers on several other lake homes, commercial lots and businesses. We intend to make 2008 another great year; come on up and join us!
In order that I might better serve my real estate customers and clients I will be taking the next week off and exposing my brain and body to warm sun and sea breezes. Amanda will be here working hard and keeping our "local economy" rolling along.
Don't forget that the Pre-Birkie is Saturday, February 9!
Life is good....Enjoy!
Gary Nathan
Amanda Mavis
Woodland Dev. & Realty
15617 Railroad Street
Hayward, WI 54843
715-699-4040
nathan@garynathan.com
http://www.garynathan.com/
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