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."

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Local Information for Hayward, WI

Latitude: 46.013085 -- Longitude: -91.483874

ZIP Codes for Hayward, Wisconsin	54843
Area Code for Hayward, Wisconsin	715
Time zone for Hayward, Wisconsin	CST

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Hayward is a city in Sawyer County, Wisconsin, along the Namekagon River. The population was 2,129 at the 2000 census. The city is surrounded by the Town of Hayward. It is home to North Star Camp for Boys. Hayward is a popular fishing destination due to the many lakes in the area (including Lac Courte Oreilles, Grindstone, Windigo, and Round Lakes), which are known for yielding trophy-sized muskellunge ("muskie"), northern pike, walleye, and smallmouth bass. It is also home to the "Quiet Lakes" (Teal, Ghost and Lost Land Lakes) which are strictly fishing resorts- they do not allow water sports as does Round Lake. Hayward is home to the National Freshwater Fishing Hall of Fame contained within the 200-foot-long tribute to the Muskie. One can climb up into the mouth of the fish and look over the town, as well as Lake Hayward (during the Christmas season, Santa Claus can often be found peering over the town from the muskie's mouth). -- Source: Wikipedia.com

Wisconsin 2000 Census Population Profile Map

	Hayward	Wisconsin	United States
Population	2,129	5,363,675	281,421,906
Median age	40.2	36	35.3
Median age for Male	36.9	35	34
Median age for Female	43.5	37.1	36.5
Households	960	2,084,544	105,480,101
Household population	2,006	5,207,717	273,643,273
Average household size	2.09	2.5	2.59
Families	530	1,386,815	71,787,347
Average family size	2.78	3.05	3.14
Housing units	1,064	2,321,144	115,904,641
Occupied units	960	2,084,544	105,480,101
Vacant units	104	236,600	10,424,540

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November 20, 2008

Local Information for Hayward, WI

Latitude: 46.013085 -- Longitude: -91.483874

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

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