Register of Site for Listing Alerts & You’ll be entered into drawing for FREE iPad2!
Our new website has an integrated BLOG so we will no longer be blogging here… click to see our new blog!
Web Intro Video: http://youtu.be/FggQuY03CI8
Posted By: Diana Olick | CNBC Real Estate Reporter, CNBC.com
More buyers signed contracts to buy existing homes in March than the previous month, according to a monthly survey just released by the National Association of Realtors.
The Pending Home Sales Index rose 4.1 percent from February and is now 12.8 percent higher than March of 2011.
“The housing market has clearly turned the corner,” said NAR chief economist Lawrence Yun in a release. “Rising sales are bringing down inventory and creating much more balanced conditions around the country, which means home prices will be rising in more areas as the year progresses.
Contract activity was strongest out West, with the index jumping nearly nine percent.
Both the Northeast and Midwest saw declining activity. Read more…
U.S. home re-sales fell in March but the supply of properties on the market tightened and prices inched higher, while the Philly Fed Index fell and the Index of Leading Indicators rose.
The National Association of Realtors said on Thursday that existing home sales slipped 2.6 percent to an annual rate of 4.48 million units last month. However, February’s sales pace was revised slightly higher to 4.60 million units from the previously reported 4.59 million units. Economists polled by Reuters had expected sales at a 4.62 million-unit sales pace last month.
And in a sign that the nation’s glut of unsold homes was easing, inventories fell to 2.37 million. Realtors in some markets have reported shortages of housing stock, the NAR said.
Nationwide, the median price for a home resale rose to $163,800 in March, up 2.5 percent from a year earlier.
Distressed sales accounted for 29 percent of re-sales, down from 34 percent in February, the NAR said. Read more…
WI Act 167 creates, repeals and revises rules… “relating to: the issuance of, and exemptions from, certain individual permits, contracts, and general permits for structures, deposits, and other activities in or near navigable waters; repair and maintenance of boathouses and fixed houseboats; certain notices required to be provided by the Department of Natural Resources; expedited procedures for certain plan approvals; deadlines for action on certain approval applications; and general permitting for certain wetland restoration activities.”
PIERS: 2. Notwithstanding the width limitation in this paragraph subd. 1., a pier may have an area as a loading platform that is more than 6 feet wide if the surface area of the platform is not more than 8 feet wide, it extends perpendicular to one or both sides of the pier, and it is located at the lakeward end of the pier or at the end of the pier that extends into a stream does not exceed 200 square feet.
Pier Registration requirements under 2011 WI Act 25 are repealed.
BOATHOUSES: Wet Boathouse repair and maintenance rules have been reworded and some repealed so that maintenance and repair also apply to replacement of structural components such as the roof, doors, walls, beams, windows, porches and floors. Read more…
Senate Bill 472 passed both houses and was enacted April 2, 2012, and published April 16, 2012.
The resulting legislation, Wisconsin ACT 170, provides significant protections for real estate owners in Vilas County and across Northern Wisconsin. The new law addresses certain shoreland zoning standards and ordinances that regulate the repair and expansion of nonconforming structures. Among other protections, the law prohibits rules that call for the removal of a non-conforming building, premises, structure or fixture by an amortization ordinance (amortization ordinances allow for a nonconforming structure to exist, but only for a period of time). Read more…
For Immediate Release: April 9, 2012
Contacts: The Foundation for Common Sense – 715-356-9744
Author, Scientist and Ecologist Dr. Michael Coffman
Gives Overview on Land Use in Wisconsin at the Eagle River Inn
(Eagle River,WI) – Area officials, representatives and citizens are invited to a presentation by Dr. Michael Coffman Tuesday April 17 at Eagle River Inn. This event is free and open to the public. It will begin at 6:30 pm.
Dr. Coffman is a highly respected scientist and ecologist who has been involved in ecosystem research for over twenty years in both academia and industry. He has taught courses and conducted research in forest ecology and forest community dynamics for ten years atMichiganTechnologicalUniversity–a leading forestry school in theMidwest. While there, he published a book on forest ecosystem classification in Upper Michigan andNorthern Wisconsin, which has become the standard for classification in the region. He also assisted the U.S. Forest Service in developing an Ecological Land Classification System for each of the National Forests in Region-9. Read more…