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Developers Keep Plugging Away

Milwaukee Journal Sentinel (Cleaver, Joanne )

Because Milwaukee-area condominium developers are keeping their 2008 projections conservative, most analysts believe these expectations will be met. Throughout the Milwaukee metro area, developers spent the second half of 2007 adjusting sales projections and marketing plans to reflect the realities of the residential real-estate market. Some of these developers believe 2008 will bring a gradual absorption of the available c  View Full Article...

Explaining Rent-Home Price Ratios

Morris Davis, economist in the department of real estate and urban-land economics at the University of Wisconsin-Madison and until 2006 a staff economist at the Fed, is one of the authors of a study that finds homes overvalued compared to rents. He addressed questions about the study in this article.

Let me start by providing some other background information on why the rent-price ratio for housing – which is like the dividend yield for housi  View Full Article...

Realtors expect better market here

While the number of unsold homes in the nation reached the highest peak since World War II and experts reported the largest drop in prices since the Great Depression, many real estate agents in the Wisconsin Dells area reported a respectable year and expect the market to turn for the better in 2008.

"The consumer perception is that it's going on everywhere, and that's not the case," said Dave Schultz, vice president of First Weber in the Dells. "2008 w  View Full Article...

New wording clarifies contracts - Relationship between Realtors, buyers is spelled out

The difference between a customer and a client is more than semantics, especially when a house hunter is working with a real estate agent.

A customer essentially represents himself, though he may work with an agent to buy a house. A client, though, is represented by an agent, an arrangement formalized by a contract.

How two commonly used real estate contracts - the Wisconsin Residential Listing contract and the Buyer Agency /Tenant Representation Agreement - spell out the specifi  View Full Article...

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