Our local market has really heated up this spring; buyers are more optimistic and sellers are more realistic which has resulted in a number of deals coming together.
Additionally, Eric Wellauer from the Sawyer County Zoning Department shared some very interesting information. Zoning records indicate that land use permits, soil tests and sanitary permits for 2010 are back to 2005 levels, which was a very good year. Land use permits this year are at 101 versus 58 for the same period last year and that compares closely with 102 permits in 2005.
Here's the latest data for the entire U.S. market as provided by the Wisconsin Realtor Association Realtor Newswire 5/17/10.
April housing rates roar as low interest rates and looming deadline of tax credit brings purchasers out in force.
- Unit Sales up 23.1 percent while prices continue recent strength with an increase of 7.3 percent over April of 2009
- The increase in housing sales is the seventh month in a row where housing sales for the present month were above the same month from the prior year. And price increases just hit their fifth month in a row on the same basis.
Fresh evidence of nation's recovering housing markets
- The PMI Mortgage Insurance Co.’s second quarter U.S. Market Risk Index (using 4th quarter 2009 data) showed evidence of a recovering national housing market, and the prospect of higher housing prices in many markets within two years. Of the nation's 384 MSAs, 356 had a declining Risk Score, with only one showing a slight increase and the remainder unchanged. The number of MSAs in the riskiest category fell by 26.4% during the fourth quarter, while those in the least risky increased by 79%.
Foreclosure activity decreases 9 percent in April
- Foreclosure filings were reported on 333,837 properties in April, a 9 percent decrease from the previous month and a 2 percent decrease from April 2009, according to RealtyTrac’s
U.S. Foreclosure Market Report™ for April 2010.
Next week I will try and pull together some of the local market data for you so standby.
What a great weekend and week ahead weatherwise and thank God for the rain!
Life is a Gift...Live It!
Gary Nathan
Amanda Mavis
Woodland Dev. & Realty
15563 Railroad St.
Hayward, WI 54843
715-699-4040
nathan@garynathan.com
www.garynathan.com
