Interest Rates
The 30 year fixed rate inched up slightly today. The 30 year fixed rate is now at 4.875% for loans from $200,000 to $417,000 with a 740 credit score and a minimum down payment of 10%.
Financial Commentary
Investors are starting to get a little skittish about absorbing large quantities of government debt as they are asked to take on substantial inflation risk in return for very little reward. While Uncle Sam has had no trouble placing short-term debt with maturities up to 2-years - he has begun to find that longer-dated securities are increasingly harder to sell. The market is so volatile that it is extremely hard to figure out what Uncle Sam will do next. Interest rates are still great. It is an ideal time to purchase a home, especially for first time home buyers with a great tax credit incentive.
(I thank Ralph Leach, Loan Officer for Ameristar Morgage Corporation 414.202.8093 for the info and insight)
RESPONSIVE, RESPECTED, RESULTS!
www.naymz.com www.activerain.com/cavaianiteam www.localism.com/cavaianiteam www.twitter.com/cavaianiteam www.linkedin.com/cavaianiteam www.facebook.com www.responserealtors.com gregc@responserealtors.com 262-594-3200
Sincerely,
Greg Cavaiani
Response Realtors prides itself on serving greater Southeastern Wisconsin. With a team like ours, we never are too busy for anyone and can market and service properties everywhere. However, WE take special price in our Eagle Properties and long history of getting homes sold here.
Our Featured listings include the following;
Leeds St., $359,900 Jordon Ct. $399,900
21 acres one mile from the Horse Trail Head-$324,900
Provided by the Eagle Business Association.
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Blessed with fine natural springs, the town of Eagle became known for resorts like Eagle Springs and Paradise Springs. Called Minnehaha Springs at the time, Paradise Springs was once owned by Louis J. Petit, the Morton Salt king. Eagle's transition from an economy based on agricultural and railroads to one of recreation and tourism was furthered during the 1950s and 1960s as the state acquired land for the Southern Unit of the Kettle Moraine State Forest. In 1976, Old World Wisconsin, and outdoor living ethnic history museum, opened. That same year, the Queen of Denmark visited Eagle to attend the dedication of the Danish Farmstead at Old World Wisconsin. EAGLE...We'll Give You A Smile! |
| Ph: 262... Fax: 262-594-3210 URL: http://www.responserealtors.com |
Ph: 26... Cell: 26... Fax: 262-594-3210 Email: gregc@responserealtors.com |
RESPONSIVE, RESPECTED, RESULTS!
www.naymz.com www.activerain.com/cavaianiteam www.localism.com/cavaianiteam www.twitter.com/cavaianiteam www.linkedin.com/cavaianiteam www.facebook.com www.responserealtors.com gregc@responserealtors.com 262-594-3200
Sincerely,
Greg Cavaiani
Waukesha County Condo Market Statistical Summary
Currently Active on the market
825 Condos Currently on the market.
Average list price of $257,398.00 (Remember, these are condos that have not sold, so one could assume, on average, they are asking too much.)
Another indicator are the days on the market (DOM).
Of these active listings, the average(DOM) is 166.
The Last 6 Months of Condo Sales
Since October 24, 2008.
161 condos have sold.
Median sale price of $175,000
Average sale price of $209,800
Average DOM 141
Pending Sales since February 24, 2009
17 condos are waiting to close.
We do not know what the sale price will be until after closing, but here is what we do know.
Median asking price is $207,000
Average asking price is $204,088
Average DOM 122
What does this tell us? Well, obviously we have a lot of inventory out here in Waukesha County. With 825 condos on the market, it will take a while to sell off the majority of the inventory if we use the past 6 month trend of 161 sold. The bright side however is that the past 6 months are probably the worst months in Wisconsin and some of this spring weather, tax incentives and low interest rates will help increase the rate of condo sales.
Thesis papers could be written on how to analyze the above statistics. My goal is to provide you the very basics and encourage sellers, that no matter what price range you are in, make sure you are competitive!!!
Here at Response Realtors, we want to help assist you in navigating through the current market trends and get you to a successful closing.
Now is the time to call Greg Cavaiani to guide you through any property you or someone you know needs assistance. Or,, if you are looking for a career change and hear how Response Realtors has been received by the community, don't hesitate to contact us.
| Ph: 262-59... Fax: 262-594-3210 URL: http://www.responserealtors.com |
Ph: 26... Cell: 26... Fax: 262-594-3210 Email: gregc@responserealtors.com |
RESPONSIVE, RESPECTED, RESULTS!
www.naymz.com www.activerain.com/cavaianiteam www.localism.com/cavaianiteam www.twitter.com/cavaianiteam www.linkedin.com/cavaianiteam www.facebook.com www.responserealtors.com gregc@responserealtors.com 262-594-3200
Sincerely,
Greg Cavaiani
WHAT????
A 4 bedroom home on an acre lot for only $229,900???
W327S6798 Westgate Dr
Mukwonago, WI 53149-9760
Here is your 4 bedroom at a terrific price w/ very private tree lined acre lot in move-in condition. The dining room was walled for a 5th bedroom /office. Easy conversion back if needed. Open kitchen with breakfast counter leads to your family room w/GFP or to patio doors to the deck. Updates incl roof 2004, all concrete is 4 yrs new, and a 3 year new cedar pool deck. Are you ready to buy?
Agents who are looking for a change and want to know how RESPONSE REALTORS services our sellers and buyers better than anyone, call Greg Cavaiani for you next opportunity.
RESPONSIVE, RESPECTED, RESULTS!
www.naymz.com www.activerain.com/cavaianiteam www.localism.com/cavaianiteam www.twitter.com/cavaianiteam www.linkedin.com/cavaianiteam www.facebook.com www.responserealtors.com gregc@responserealtors.com 262-594-3200
Sincerely,
Greg Cavaiani
Good Morning
The 30 year fixed dropped yesterday and still low today. the 30 year fixed rate is now at 4.75% for loans from $200,000 to $417,000 with a 740 credit score and a minimum down payment of 10%. See the attached Mortgage Plans and Rates for more details.
Commentary:
In a surprise move on Wednesday, Fed chairman Ben Bernanke and the other members of the Federal Open market Committee stunned the credit markets with their announced plans to buy up to an additional $750 billion of mortgage-backed securities. The result for now is lower interest rates on mortgages. The concern is that this could wind up hurting the dollar and causing inflation.
All for now. Time will tell the whole story
Thank you Ralph for the above information (Ralph Leach, Loan Officer, Ameristar Mortgage Corporation, Cell 414-202-8093 )
| Ph: 262... Fax: 262-594-3210 URL: http://www.responserealtors.com |
Ph: 26... Cell: 26... Fax: 262-594-3210 Email: gregc@responserealtors.com |
RESPONSIVE, RESPECTED, RESULTS!
www.naymz.com www.activerain.com/cavaianiteam www.localism.com/cavaianiteam www.twitter.com/cavaianiteam www.linkedin.com/cavaianiteam www.facebook.com www.responserealtors.com gregc@responserealtors.com 262-594-3200
Sincerely,
Greg Cavaiani
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Our team has over 50 years of experience that we put to use to best service our clients. We rely on our honesty, responsibility and sense of community. With us the golden rule does apply.
The Cavaiani Team Story
The Cavaiani Team started in 1993 when Jay Cavaiani, fresh out of college, started a successful real estate career. From 1993 to 2004 the Cavaiani team sold over $100 million in real estate and was one of the most prominent teams in SE Wisconsin. During that time, the team specialized in the Kettle Moraine area and became known as the Kettle Moraine Specialists. Their prominence in the Kettle Moraine grew by becoming the #1 team in the area. As more team members joined and their marketing territory grew, so did their expertise to include, luxury estates, city homes, condominiums, multi-family dwellings, commercial entities and vacant land. From 1993 to 2005 all adult Cavaiani family members became licensed realtors. It truly has been a special family business! When Jay was called into full-time ministry, Greg, assumed the leadership role of the real estate team. In December of 2008, even though the economy was facing some difficult issues in a number of sectors, the Cavaiani team showed their commitment to the real estate sales industry by opening its own real estate company, RESPONSE REALTORS. We had a desire to provide greater individualized care to our clients, more creative commissions and marketing plans, and the passion to combine our wealth of experience and entrepreneurial spirit together for an effective winning combination. With a combined 50 years of experience and our sincere enthusiastic team approach to real estate sales, we look forward to the opportunity of responding to your real estate needs. So... why the name RESPONSE REALTORS? The hallmark of the Cavaiani team has always been and will continue to be extremely responsive to all of our clients. Combined with our successful history of proven response, we know how to market and sell your property. You may have noticed the cross in Realtors. That is our way of proclaiming our desire to continue to run our business with the family and Christian values on which it was founded. We hope you will seriously consider RESPONSE REALTORS if and when you are considering selling or purchasing any real estate. Contact Information: Office 262.594.3200 Fax 262.594.3210
RESPONSIVE, RESPECTED, RESULTS! These are words that we literally stand by! RESPONSE REALTORS has one goal in mind.....helping you achieve your goals! Our team of agents is dedicated to listening to your desires so we can help you create a road map for success. We offer unprecedented service through community expertise, aggressive marketing, flexible fees and exemplary follow up. To receive a combination of integrity, family values, and unparalleled service, call a RESPONSE REALTOR today!
262-594-3200 response@responserealtors.com
The Cavaiani Team and Response Realtors
"I've known Greg for awhile now and I can say his sense of community and his puritan work ethic is uncompromising. As I am a RE/MAX broker myself and I can say that Greg, being my competition, is the first person I would suggest in a heart beat to work with."
Sincerely,
Tom Braatz, Re/Max Realty Center
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The area received its name when, in 1836, Thomas Sugden, John Coats and Mr. Garton came to a beautiful prairie and saw a "huge" bald headed eagle soaring overhead. The first claim was made by A.R. Hinkley but the first permanent settlers were E. Thomas and wife, who erected a house in 1836. Before the end of that year, the first mill in the town of Eagle was built in Eagleville. When the southern branch of the Milwaukee & St. Paul Railroad came through the town in 1851, the village of Eagle Center was created, leading to the eventual decline of other villages in the township. With the passing of time, the village name evolved to Eagle.
By 1880, the village was considered the third ranking community in the country in terms of commercial importance. It could boast two dry goods houses, two hardware stores, two clothing and tailoring establishments, a butcher shop, grocer, harness shop, milliners, saloons, and a grain elevator and warehouse.
Eagle was nearly renamed Diamond City in the mid-1800s when it became known that a diamond had been discovered here in 1876. While digging a well at summit of what is today called Diamond Hill, workers found a yellow pebble, which was eventually identified as one of the largest glacial diamonds ever found in the United States. The diamond ended up at New York's American Museum of Natural History. In 1964, it was stolen along with several other gems, including the Star of India sapphire. Never recovered, the 