November 20, 2008

It's getting to be more and more difficult to find good news on TV. Reporters seem to be reveling in stirring up as much "doom and gloom" news as they can – after all it's been proven that bad news sells better than good. Our addiction to news tickers and 24 hour coverage was solidified during horrific news events of the last decade. But there IS positive news to be found if you dig hard enough.

28 Metropolitan areas showed increases in median existing single-family home prices from the same quarter in 2007. Areas such as Elmira NY, Tulsa OK, Wichita KS and Urbana IL.

But even in areas where average home sales have dropped drastically, there is good news. Buyers who have been shut out of the home ownership market, are now finding that they can afford to buy. And they ARE buying. Three states where the ‘housing bubble' has burst are seeing some of the highest increases in sales. The largest sales gain during the third quarter was in Arizona, up 28.3 percent from the second quarter, followed by California which rose 28.1 percent and Nevada, up 26.2 percent. These areas have seen some of the strongest sales gains with some reports of multiple bidding.

And there's also good news for sellers. The typical seller purchased their home six years ago and is still experiencing net equity gains, even in today's depressed markets. The national increase in value since the third quarter of 2002 is 18.3 percent, which is a median gain of $31,000. Even with the current downward price distortion, 90 percent of metro areas are showing six-year price gains.

So while we are definitely in turbulent economic times, there is GOOD NEWS to be found if you look for it. Hopefully, some home buying incentives will be passed soon to stimulate even more home ownership. Lawrence Yun, the chief economist at the National Association of Realtors, said that, "A pattern of sharply higher sales in areas with large price declines is well established," Yun said. "Affordability conditions have consistently been a major factor in driving sales. Historically during recessions, buyers have responded to incentives and it's important for government to keep that in the forefront of stimulus decisions."

This is an inactive RePage. If you are Paul M Anderson and wish to reactivate this page, please visit www.RePagesOnline.com for instructions.

Local Information for Madison, WI

Latitude: 43.074613 -- Longitude: -89.394757

ZIP Codes for Madison, Wisconsin	53562 53593 53701 53702 53703 53704 53705 53706 53707 53708 53711 53713 53714 53715 53716 53717 53718 53719 53725 53726 53744 53774 53777 53778 53779 53782 53783 53784 53785 53786 53788 53789 53790 53791 53792 53793 53794
Area Code for Madison, Wisconsin	608
Time zone for Madison, Wisconsin	CST

Other Area Cities: Madison, WI Fitchburg, WI Middleton, WI Monona, WI Sun Prairie, WI

Enter our Photo Sweepstakes and Win $200 for your Madison photos!

To see random photos for other cities Click Here.

Submit your photos of Madison and become eligible to win $200. Click Here for details.

Madison is the capital of Wisconsin, a state in the United States of America. It is the county seat of Dane County. Madison is also home to the University of Wisconsin-Madison. As of a 2005 census projection, Madison had a population of 221,551, making it the second largest city in Wisconsin, after Milwaukee, and the 85th largest in the United States. Counting the city's immediate suburbs, the area population exceeds 350,000. The city forms the core of the United States Census Bureau's Madison Metropolitan Statistical Area, which includes all of Dane County and neighboring Iowa and Columbia counties, had a 2000 census population of 501,774, and is one of the fastest-growing in Wisconsin. -- Source: Wikipedia.com

Wisconsin 2000 Census Population Profile Map

	Madison	Wisconsin	United States
Population	208,054	5,363,675	281,421,906
Median age	30.6	36	35.3
Median age for Male	29.9	35	34
Median age for Female	31.5	37.1	36.5
Households	89,019	2,084,544	105,480,101
Household population	195,221	5,207,717	273,643,273
Average household size	2.19	2.5	2.59
Families	42,458	1,386,815	71,787,347
Average family size	2.87	3.05	3.14
Housing units	92,394	2,321,144	115,904,641
Occupied units	89,019	2,084,544	105,480,101
Vacant units	3,375	236,600	10,424,540

Visit US Census

Enter our Photo Sweepstakes and Win $200 for your Madison photos!

November 20, 2008

Local Information for Madison, WI

Latitude: 43.074613 -- Longitude: -89.394757

Lingerie & Perfumes

Wedding Singer

QROPS

Leader Newspaper

Juice Plus is real fruits and vegetables packed with natural antioxidants