November 20, 2008

All markets are different. During the next few years, some housing markets will turn around faster than others. How do you know when your particular market has reached its bottom? If you wait until others pick over the great deals, you'll miss the bottom.

Keep a track of how many properties are listed from month to month. Once you start to see a reduction in inventory then that may mean that buyers are starting to buy. There could be two reasons whey inventory is reducing – overpriced homes may be taken off the market and sales volume could be picking up. You can find out this information from your local real estate agent.

Keep reading national and local newspapers. If your local media reporters are now starting to interview experts in your market and asking questions like, “Have we reached the bottom?” then that might be a sign that there may be a shift.

Talk to your friends and co-workers. How are they feeling about your local economy and housing prices? Are they more optimistic now than they were 3 months ago, or even last month?

Consumer confidence will be a big part in the housing market turning around.

Be on the lookout for mortgage interest rates stabilizing and mortgage companies start to ease lending restrictions.

One of the biggest indicators is when prices have stopped dropping. The secret is to buy before they start to inch back up again!

I’m not suggesting that you wait till the absolute bottom of your market to buy. You have to look at a home as a place to live, not an investment. Only you can determine what an affordable monthly payment is relative to the value of the home you are purchasing. There are individual homes for sale that can be bought at the bottom of your market, even if homes in general have not reached that mark.

Talk to a trusted real estate agent – we can help!

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Local Information for Antigo, WI

Latitude: 45.141218 -- Longitude: -89.153385

ZIP Codes for Antigo, Wisconsin	54409
Area Code for Antigo, Wisconsin	715
Time zone for Antigo, Wisconsin	CST

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Antigo is a city in and the county seat of Langlade County, Wisconsin, United States. The population was 8,560 at the 2000 census. Antigo is the center of a farming and lumbering district, and its manufactures consist principally of lumber, chairs, furniture, sashes, doors and blinds, hubs and spokes, and other wood products. The name "Antigo" comes from the Chippewa Indian name for the river that flows through the area, "Nequi-Antigo-sebi" meaning "spring river" or "evergreen". The city was founded in 1878 by Francis A. Deleglise. The log cabin in which Deleglise lived is preserved and on display at the Langlade County Museum. A street in Antigo also bears his name. The city gained its charter in 1883. -- Source: Wikipedia.com

Wisconsin 2000 Census Population Profile Map

	Antigo	Wisconsin	United States
Population	8,560	5,363,675	281,421,906
Median age	38.9	36	35.3
Median age for Male	35.9	35	34
Median age for Female	41.6	37.1	36.5
Households	3,630	2,084,544	105,480,101
Household population	8,310	5,207,717	273,643,273
Average household size	2.29	2.5	2.59
Families	2,221	1,386,815	71,787,347
Average family size	2.93	3.05	3.14
Housing units	3,938	2,321,144	115,904,641
Occupied units	3,630	2,084,544	105,480,101
Vacant units	308	236,600	10,424,540

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November 20, 2008

Local Information for Antigo, WI

Latitude: 45.141218 -- Longitude: -89.153385

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

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