Buy Wisconsin Real Estate

Buy Wisconsin Real Estate Now! Remember the old saying "Buy Low and Sell High"? Well this is exactly the time to be buying Real Estate in Wisconsin. Prices are low, interest rates are cheap and your selection of real estate in Wisconsin is large. As the economy is slowly starting to turn around, you need to increase your real estate holdings before prices and interest rates begin to increase.
http://rismedia.com/2010-02-24/economic-recovery-to-continue-at-moderate-pace/

HAMP Missteps to Prolong Home Price Declines

Moody's Investors Service is forecasting another 8% decline in home prices over the course of 2010 before a bottom in residential property values is reached, largely because of the "underwhelming" success of the administration's Home Affordable Modification Program (HAMP). The ratings agency predicts a peak-to-trough drop of 34% in national home prices. That's actually an improvement over Moody's estimates last month, when the agency was expecting a total peak-to-trough decline of 37%.

However, it's the duration of depreciation that's the headline grabber. Previously, Moody's analysts were predicting the price floor to be reached in the third quarter of this year. Now they say it won't be hit until the end of the fourth quarter. The reason for the extended freefall, Moody's says, is the timing of foreclosure sales hitting the market. Despite the administration's efforts to stem the tide of foreclosures, Moody's said in a January report that its analysis shows that only 400,000 to one million homes will be saved through HAMP. The agency's projections fall significantly short of the federal government's promise to keep three to four million homeowners out of foreclosure.

A Better Career in Real Estate

A Better Career in Real Estate: No Desk Fees, Fantastic Training, Beneficiary & Retirement Residuals. Can you do something with that? Are you getting tired of your company taking huge fees and not really giving the support you deserve? I did! Come check out Exit Realty XL in Wisconsin. Contact Jerry Grosenick: 262.573.9334 or jerry@exitrealtyxl.com right now.

REALTORS WANTED!

MEQUON, THIENSVILLE, CEDARBURG, JACKSON, SLINGER, HARTFORD, GERMANTOWN, RICHFIELD, MENOMONEE FALLS, BROOKFIELD, SUSSEX, MERTON, ERIN, MILWAUKEE

LOOKING FOR MORE MONEY??

RESIDUALS
LOWER COSTS
BETTER TRAINING
NO DESK FEES EVER
BENEFICIARY BENEFITS
RETIREMENT BENEFITS

LET'S TALK EXIT REALTY

Jerry Grosenick - Broker/Owner
www.ExitRealtyXL.com

Why a Career with Exit Realty:
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A Better Career in Real Estate

Looking for a Better Career in Real Estate? Retirement Benefits, Beneficiary Benefits, Residual Income. Can you do something with that? See this video right now!

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We have 1,500 offices in North America and 51,000 agents. Let me help you get your business to the next level. Call Jerry Grosenick Right Now: 262.573.9334 or jerry@exitrealtyxl.com
I can place your business anywhere in North America.

Employment Report affect Mortgage Rates

How Did The Employment Report Affect Mortgage Rates?

Mortgage rates improved a few basis points yesterday as panic set in on Wall Street. Headline news called attention to a developing crisis of confidence in the European Union where Greece, Spain, and Portugal all face ballooning budget deficits and rising government borrowing costs. Fear caused a global stock market sell off which led nervous investors to reallocate funds into what is considered to be the safest investment in the word, US Treasuries. This "flight to safety" into the bond market helped mortgage-backed securities prices move higher which allowed lenders to pass along slightly lower mortgage rates. While improvements were noted,many originators were expecting more aggressive loan pricing from lenders, but as has been the case over the past few weeks, 4.75% continues to be the best rate available. (This is the most aggressive quote in the market and will require borrowers to discount points.)


The Bureau of Labor Statistics released the monthly Employment Situation report this morning. This is the single most important piece of monthly economic data released to the market. Since consumer spending accounts for the vast majority of our economic growth, market participants track jobs as a way to gauge consumer demand and economic activity. If unemployment is moving higher, more Americans are without a job and therefore without stable income. This drains consumer demand and forces companies to keep costs low to stay in line with falling revenues. High unemployment is bad for stocks, whats bad for stocks is usually good for bonds and mortgage rates. To read more...

http://www.mortgagenewsdaily.com/consumer_rates/133561.aspx

Short Sales made Easier

Short Sales are very difficult sales and are not for everyone.

Jerry Grosenick with Exit Realty XL

Germantown, Wisconsin

GUIDELINES FOR SHORT SALE BUYERS
　
　
* Not all buyers are good candidates for a short sale
* Must understand issues or buyers are wasting time
* Average time (Larger institutions: 90 - 120 days)
* No guarantee of lender approval
　
ONE THING THE LENDER LOOKS AT TO GAUGE,
IF THIS TRANSACTION HAS A:
"REASONABLE CHANCE OF CLOSING"
　
It is recommended that Buyer(s) follow these steps:
1) Home Inspection to be done 10 days after Seller's approval NOT Mortgage approval
2) Submit buyer(s) loan application to their bank after Seller's approval NOT Mortgage approval. Short time between lender approval & closing.
3) Buyer must get approved for an extra 1/2 point above current mortgage rates on their loan commitment with a DU case #, 20 days after Seller's acceptance.
4) Earnest Money needs to submited 3 days after Seller's acceptance.
5) Price must not be unreasonable.
6) In buyer(s) offer include: "No subsequent contracts may be submitted to the lender.
　
BUYER(S) ARE FREE TO SUBMIT ANY OFFER. THESE ARE GUIDLINES THAT WILL GUARANTEE A HIGHER CHANCE OF SUCCESS ON YOUR SHORT SALE OFFER.
THERE ARE NO GUARANTEES WITH A SHORT SALE.

Here is another interesting Short Sale article:
http://feedproxy.google.com/~r/inmannews/~3/cYU26TlF9NI/the-truth-about-short-sales

Norman Rockwell

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation..
5. You cannot multiply wealth by dividing it.

Who Do You Know, Who Wants to Sell or Buy a Home?

Become a Fan of Exit Realty XL:
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Why a Career with Exit Realty:
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Now is the time to be buying Real Estate. Prices are Low, Interest is Low, Inventory is High.

Also, A Great time to start your Real Estate career.

Interest Rates to Increase in 2010

http://www.housingwire.com/2010/01/14/freddie-mac-expects-interest-rates-to-increase-in-2010-despite-recent-downtrend/ Now is the time to buy your new home, before the Home Buyer Credit expires and Interest Rates Increase. Jerry Grosenick in Wisconsin

National Association of Realtors Forecast

Daily Forecast Update
GDP 2009 Q4: +5.7% ↑
GDP 2010 Q1: +2.7%
GDP 2010 Q2: +2.4%

Unemployment rate by the mid-2010: 10.1%
Average 30-year fixed mortgage rate by mid-2010 2009: 5.6%

What does today's data mean for REALTORS® and consumers?
Today's data on the economy have reassured markets. The good news began with the Senate's confirmation of Chairman Bernanke yesterday, and continued today with the GDP release and Consumer Sentiment.

Reported GDP growth of 5.7 percent exceeded economists' expectations, is a significant improvement over the third quarter's 2.2 percent growth, and marks the second consecutive quarter of growth after 4 consecutive quarters of decline. Continued growth will eventually lead to hiring.

Positive consumer expectations for the future and assessment of current conditions led to the highest reading on consumer sentiment in the past two years. Consumer responses to questions about their own situation suggest that they do not expect overall economic improvements to translate quickly into new hiring and additional income. Consumer expectations about their personal situation may translate into spending that is lower than in a typical recovery.

The Bureau of Economic Analysis reported that GDP grew at an annualized rate of 5.7 percent in the fourth quarter 2009 from the third quarter. Inventory investment, increasing exports, and personal consumer spending led to GDP growth in the fourth quarter. As cash-for-clunker-motivated spending on durable goods phased out in the fourth quarter, consumer spending increased on non-durable goods and services.

Today's estimate is the "advance" estimate, one that is issued on the basis of data that is incomplete or subject to revision. While over long periods of time, there is not consistent bias in advance estimates, recent revisions have been more notable. For example, GDP estimates for the third quarter of 2009 were revised down to 2.2 percent from the "advance" estimate of 3.5 percent growth.

Consumer sentiment rose in January to 74.4, its highest level in two years. Not only do expectations for the future remain high, the index for current economic conditions is at its highest level since March 2008. While consumers are optimistic about the overall economy, the report indicated that expectations for their personal finances were not quite as rosy. Twice as many consumers reported income declines as increases.

The Senate voted yesterday afternoon to confirm Chairman Ben Bernanke to another term at the helm of the Federal Reserve. Chairman Bernanke had come under fire for what some argued was the Fed's role in causing the recent crisis, and some argued earlier in the week that his confirmation could be in doubt. Ultimately, his creative endeavors to combat the crisis, including the Fed's purchase of mortgage backed securities to hold down mortgage interest rates, seem to have carried him through to another four-year term.

January 29, 2010
Danielle Hale, Research Economists