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Hudson, WI Real Estate News

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Sales of previously owned homes were down 2.6 percent in March but gained 5.2 percent from last year’s levels. According to the National Association of Realtors, existing-home sales, which include single-family, townhomes, condominiums, and co-ops, fell to a seasonally adjusted annual rate of 4.48 million in March from an upwardly revised 4.60 million the month before. But despite the dip in month-over-month sales, the March report contained encouraging signs for the housing market. Lawrence Yun, NAR’s chief economist, said there have been nine consecutive months of year-over-year sales increases and with job growth, low mortgage rates, and affordable prices, the demand is coming to the market. Also in the report, the supply of available homes is 21.8 percent below last year’s level, af...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance activity increased 13.5 percent last week and pushed the refinance share of all mortgage activity up to 75.2 percent. The spike in refinance activity helped the Market Composite Index, which measures total mortgage application volume, climb 6.9 percent from the week before despite a 11.2 percent drop in the Purchase Index. Jay Brinkmann, MBA’s chief economist, said a drop in rates last week led to the boom in refinance applications. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 4.05 percent from 4.10 percent the week before. The drop in rates tied a survey low reached in early February. Also in the report, the average loan size of all loans fo...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
The results of Clear Capital’s most recent home price forecast calls for national values to rise slightly over the next three months and to end the year with a growth rate of 1.2 percent. According to their data, home prices were down 1.4 percent year-over-year in March, which is an improvement over February’s 1.9 percent decline. In addition to improving rates of decline, Clear Capital calls for price growth across all four regions of the country by year’s end. Regionally, only the Midwest is expected to suffer price declines over the next three months and, by the end of the year, Clear Capital’s forecast sees a 0.7 percent increase. The Northeast, South, and West are all expected to see slight increases over the next three months and end the year up between one and two percent.
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By Jacque Howard, Team Howard
(Keller Williams Premier Realty)
  Yellowstone Trail Heritage Days: FREE Car Show, Gangster Cruise, Kid's Activities & More! May 11 - 13 Historic Hudson is celebrating 100 years of the first continental road - The Yellowstone Trail. Join in the Olde-Tyme fun with some great FREE events like the Locust Street Car Show, featuring classic cars from an era gone by. You'll get to see cars reminiscent of those from the movies, like Cruella De Vil's and Chitty Chitty Bang Bang...although the models you'll see are real, and I'm fairly certain they don't fly, or have owners with half white/black hair & 101 dogs (I could be wrong there).  History buffs can enjoy "Wheelin' & Dealin' Gangster Cruise, Historical Presentations at Hudson Area Public Library, Historical Tours of Hudson's landmarks, or Historical Geo-coaching (Geocachi...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
According to the National Association of Home Builders’ Housing Market Index, builder confidence slipped three points to 25 in April, the first decline after seven consecutive months of gains. The index measures builders’ perception of the market for newly built, single-family homes on a scale where any number below 50 indicates more builders view conditions as poor than good. David Crowe, NAHB’s chief economist, said the decline is a pause in what has been a fairly rapid build-up in confidence since last September. According to Crowe, despite increased interest from potential buyers, builders have yet to see that interest translate into sales activity. Still, regional results show that most of the decline was felt in the Midwest, where confidence was down eight points. The Northeast po...
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Fannie Mae’s March 2012 National Housing Survey finds Americans more confident in their financial situation and more optimistic about the housing market than in previous months. According to the monthly survey, 73 percent of respondents say now is a good time to buy a home, which is up three points from February and at its highest level in more than a year. Doug Duncan, vice president and chief economist of Fannie Mae, said conditions are coming together to encourage people to want to buy homes. Rising rent and an expectation of higher home prices are among the conditions making homeownership more and more attractive to Americans. The number of participants who say they expect rental prices to rise over the next year is at its highest level ever recorded. And the number expecting an inc...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage rates fell to their lowest level since March 9 last week. The average contract interest rate for 30-year fixed-rate mortgages dropped to 4.10 percent from 4.16 percent the week before. But, despite the drop, the Market Composite Index, which measures total mortgage loan application volume, was also down, slipping 2.4 percent from the week before. Both the Refinance and Purchase Index decreased slightly, though no adjustment was made for Good Friday. Also in the report, the refinance share of mortgage activity was 70.5 percent and the share of applications for investment properties increased to 8.3 percent, up from 7.4 percent in February.
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By Jacque Howard, Team Howard
(Keller Williams Premier Realty)
Hudson, WI: Adorable Kids Contest! Photos by Marnie Marie Photography, portion of proceeds will be donated to Big Brothers Big Sisters       What parent doesn't think their kid is the most adorable thing that ever hit planet earth? There are indeed plenty of cute children out there. Kids really have a lot going for them...no wrinkles, marks, or sagging, just perfectly bright eyes, plump little cherub faces, and a childhood innocence that makes them oh so sweet (most of the time). So take advantage of your child's adorableness and enter them into Hudson's Adorable Kids Contest for a good cause! A portion of the proceeds will be donated to Big Brothers Big Sisters of Northwestern Wisconsin. Even if your kid doesn't win, you still get to take home a 5x7 print of your child by Hudson photog...
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By Jacque Howard, Team Howard
(Keller Williams Premier Realty)
Tea Time!: Dunn Bros Coffee Introduces NEW TEAlixirs! Because it just wasn't enough to have the best coffee... I saw a heart surgeon getting a large latte (with 4 raw sugars to be exact) in Dunn Bros last week and the barista said to him "just another day saving lives huh?" and the surgeon responded, "Yep thanks to you. You guys are saving lives with your coffee!" I, as well as the baristas chuckled a bit, as though serving coffee and operating on human hearts are even in the same ballpark... but hey he was being nice. Then I thought to myself just how much that delicious, freshly roasted cup of coffee does help me survive my day. Dunn Bros Coffee is just sooo good. It's fresh roasted daily right in the store! You can see the roaster put the green coffee beans into the roaster drum and ...
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By Team Cudd - Jeremy & Dana
(Property Executives Realty)
Are You Looking to Buy or Sell a Home in Hudson, River Falls, or New Richmond, WI?   My name is Jeremy Cudd and I have been a highly successful real estate professional in the Western Wisconsin market for over 9 years. My personal goal is to simplify the process of buying and selling real estate, and to satisfy everyone's needs to the best of my ability. If you want what most people want, GOOD SERVICE from an honest competent real estate professional, look no further! I know in today's market place it really makes an impression when you come across someone that goes above and beyond the norm to provide you with top service. I am an agent that does just that. Looking to buy a home?  Please feel free to visit my website for Real Estate in Hudson WI:  http://www.JeremyCudd.com orhttp://www...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury released their March housing scorecard,which compiles key housing market data and the results of the government’s recovery efforts. And though the report still finds fragility in the market, it also shows that home sales are off to their strongest start since 2007, after upwardly revised January numbers and a solid February for existing-home sales. Also, mortgage delinquency rates continue to fall and are substantially below last year’s levels. And, according to the scorecard, the administration’s recovery efforts have started more than 5.8 million mortgage modification arrangements since April 2009, including 1.8 million HAMP trial modifications.
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By Team Cudd - Jeremy & Dana
(Property Executives Realty)
Are You Looking to Buy or Sell a Home in Hudson, River Falls, or New Richmond, WI?   My name is Jeremy Cudd and I have been a highly successful real estate professional in the Western Wisconsin market for over 9 years. My personal goal is to simplify the process of buying and selling real estate, and to satisfy everyone's needs to the best of my ability. If you want what most people want, GOOD SERVICE from an honest competent real estate professional, look no further! I know in today's market place it really makes an impression when you come across someone that goes above and beyond the norm to provide you with top service. I am an agent that does just that. Looking to buy a home?  Please feel free to visit my website for Real Estate in Hudson WI:  http://www.JeremyCudd.com orhttp://www...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
This year’s selling season comes with an added dose of optimism due, in part, to the increasing cost of renting a home or apartment. A survey by research firm Reis, found the average apartment’s rent rose 2.7 percent last year and, in some markets, was up more than five percent. And, though historically renting has been 10 percent cheaper than buying a home, an analysis from Deutsche Bank found that the gap began closing in 2010 and, by the end of last year, renting was nearly 15 percent more expensive than buying. This, along with high affordability and low mortgage rates, has industry analysts optimistic that 2012 could be the first year since 2005 that the number of renters entering the housing market increases from the previous year. It is also one of the chief reasons for an increa...
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By Jacque Howard, Team Howard
(Keller Williams Premier Realty)
Hudson Area Chamber of Commerce & Tourism Bureau is hosting Hudson's annual Spring Showcase on April 15th. The Spring Showcase offers local area businesses and residents the opportunity to connect. Find out relevant information about local businesses to support the community. Bring the whole family out for live entertainment, snacks, crafts, and purchase raffle tickets to win a variety of great prizes.  Main Stage Entertainment Schedule 12:00 - Hudson High Harmony 12:30 - Big Fun Show (Comedy & Magic) 1:00  -The Phipps Center Children's Theater 1:30 - Helmer Dance 2:00 - Destination Imagination 2:30 - SahmROCKS 3:00 - Big Fun Show (Comedy & Magic) 3:30 -Adrenaline Martial Arts Academy 4:15 - Raffle Drawings Check out the Hudson Star Observer on April 11th for the official event guide!
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Improvements in the labor market and overall economy have led to optimistic forecasts for the housing market in 2012. In their latest Economic and Housing Market Outlook report, Freddie Mac sees an awakened economy spurring housing forward after years of somewhat depressed conditions. Frank Nothaft, Freddie Mac’s vice president and chief economist, says a variety of encouraging indicators suggest that the housing market may be feeling a nascent recovery and more neighborhoods may see stabilization of demand and values this spring. The report cites increases in housing starts and sales and continued gains in home builder and housing professionals’ confidence as evidence of an improved market. It also credits low mortgage rates and high affordability, along with consumer confidence and pe...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
According to the Mortgage Bankers Association’s Weekly Applications Survey, total mortgage application volume picked up 4.8 percent last week from the week before. The jump in demand was fueled by a 7.2 percent surge in the Purchase Index and a 4.0 percent spike in refinance activity, which had been down in previous weeks. Michael Fratantoni, MBA’s vice president of research and economics, said applications to buy a home are more than 2.0 percent above the level at this time last year and purchase applications for conventional loans are now nearly 10 percent above last year’s levels. Refinance activity accounted for 71.2 percent of all mortgage activity. The average contract interest rate for 30-year fixed-rate mortgages was 4.16 percent, down from 4.23 percent the previous week.
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By Jacque Howard, Team Howard
(Keller Williams Premier Realty)
  ThunderWillow Community Arts "Classes, Coffee, Art, & Fun!" 1615 Maxwell Drive, Hudson, WI 54016 ~map 715-808-8034                                Just when I thought Hudson couldn’t get any better, an email about ThunderWillow Community Arts came my way. The homepage boasts, “ Classes, Coffee, Art, and Fun.” It had me at “art” and I fell head over heels in love when I saw "Our Coffee Bar Offerings" glowing on the website's sidebar. Cappuccinnos, Mochas, Tea, Frappe's, Fruit Smoothies,  and delicious baked goods. They have a full blown coffee bar. They even have "Stuffins" (Fruit filled muffins topped with a dollop of whipped cream.) Who knew?....oh and it just keeps getting better. When they say they have something for everyone, they really mean it! Take Classes: Paint, Acrylics, Oil,...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
A roundup of price reports and recent housing data from the National Association of Realtors finds that, though home values showed slight declines in January, there are signs of further price stabilization due to improving inventory levels, declining distressed property sales, and strong buyer traffic. And, when excluding distressed property sales, home prices actually showed a slight increase in January. Early measurements for February show positive improvements in prices. For example, existing home prices saw their first year-over-year increase since 2010 and distressed property sales, which are typically sold at a discount and put downward pressure on prices, have fallen to 34 percent of all sales, down from 40 percent a year ago. Declining inventory and fewer distressed sales should...
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By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
According to data released by Pro Teck Valuation Services, many housing markets across the country bottomed in 2009, despite industry analysts saying prices had further to fall. The data shows that many markets are already stabilizing or rebounding. Tom O’Grady, Pro Teck’s chief executive, said their data indicates that prices should be gradually increasing over the next few years, though the rate at which they increase will depend on the specifics of each individual market. The evaluation divided the number of non-distressed property sales by the total housing stock in each region as an indicator of future price performance. In addition, Pro Teck listed the top 200 markets and found that states, such as Texas and Oklahoma, that experienced a boom from the oil industry are among the bes...
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By Team Cudd - Jeremy & Dana
(Property Executives Realty)
Residential Property Management Services:     Platinum Package:  Create professional marketing ads tailored to the property and advertising medium. Professional marketing includes: Sign, flyers, company website, free and paid rental websites (which includes the most visited real estate websites in the nation), MLS, participating Broker websites, and networking...                                                                                                                                                                                       Field calls from prospective tenants and schedule showings of your property. Meet prospective tenants for showings throughout the week and weekends. Collect tenant application, verify identity, income, perform credit & background checks, and rental ...
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