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Christmas Parade

by House to Home Properties LLC

Stop by House to Home Properties at 215 E Main Street (next to City Hall) for a FREE cup of hot chocolate.  We will start serving at 6:15 and continue through the end of the Christmas Parade.  See you Tuesday night, Nov 30th.

October Home Sales

by House to Home Properties LLC

Home Sales Fall in October but Prices Are Stable

by David Clark, Economist

MADISON, WI - Home sales in Wisconsin fell in October but prices remained stable, according to the Wisconsin REALTORS Association (WRA). So far this year, sales of existing homes were down 6.9 percent with median prices down just 0.9 percent since January.

Housing Stats

by House to Home Properties LLC

The October housing, sales fell significantly from last October when the first -ound of tax credits kicked in.  However, the average price of homes sold continues to rise as the mix of homes being sold continues to recover from last years lows.  Also, the 6.9 percent decline in the annualized rate of homes sales is far less than was expected at this time.                   

So if you are waiting for home prices to hit bottom......THEY HAVE!  Contact us at House to Home Properties for more information.  Just call 920-324-5200.

Did You Know: Net Worth, Home Owners vs. Renters

by House to Home Properties LLC

Did You Know: Net Worth, Home Owners vs. Renters

November 16, 2010

By Danielle Hale, Research Economist

 

  • In the past 12 years, the net worth of the typical home owner has ranged between 31 and 46 times that of the net worth of the typical renter.
  • Home owner equity is a substantial component of home owner wealth. The Federal Reserve's Survey of Consumer Finances, conducted once every three years, provides a snapshot of family income and net worth along with basic demographic details and more detailed information on where families keep the wealth they have accumulated.
  • The most recent survey, concluded in 2007, offers a picture of the situation before home price declines and the tumbling equities market hit household balance sheets. At that time, median home owners had well over $200,000 in net worth or 46 times that of the median renter who had just over $5,000. Furthermore, $200,000 was the median value of owners’ homes.
  • Looking at aggregate data, the National Association of Realtors® estimated the impact for renter and home owner households through mid-2010 taking home price and stock market performance into account. The result suggests that despite declines in equity and housing markets, homeowners have a net worth orders of magnitude greater than renters.
  • How has the recovery of the stock market and a sluggish housing market affected owners and renters? For the first time ever, the Federal Reserve resurveyed the 2007 participants in 2009 to directly measure how the crisis and recession affected their finances. These results are expected later this year.

 

This is one in a series of commentaries by the Research staff of the National Association of REALTORS®.

Honor a Veteran!

by House to Home Properties LLC

Make sure you thank a veteran on Thursday Nov 11th for giving to our country.  Without them we would not have the freedom and opportunities we have today.  We at House to Home Properties LLC want to thank you for all you did for us.

Displaying blog entries 1-5 of 5