Jerry Morse's (jmorse) Blog

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Real Estate Agent - The Morse Company - 2645
RECENT BLOG POSTS
Our market place (Southern Wisconsin) has shown a definite drop off of activity. New accepted offers to purchase for the first 15 days of May are about 45% of the new accepted offers for the last half of April.  I suspect that many of you are experiencing the same type of activity. We could just ...
05/21/2010
Short Sales are here to stay for quite a while!Hi Folks. Lot's of stuff going on over at www.ShortSaleSuperStars.com  Our growth has been fantastic as we now have almost 1,600 members. For those of you that are on the site frequently you know that we have a great mixture of agents, buyers, seller...
05/21/2010
One helpful Guide!FORECLOSURE vs. SHORT SALE Homeowner (Borrower) Consequences   Issue Foreclosure Successful Short Sale Future Fannie Mae Loan (Primary Residence1) A homeowner who loses a home to foreclosure is ineligible for a Fannie Mae-backed mortgage for a period of 5 years. A homeowner who ...
05/21/2010
If you like the Chalet Style, this might just be the home for you! This 3 Bedroom, 4 bath home has everything one could Need!  It has an office, loft, rec room, workshop, and heated two car garage with drain.  A private yard surrounded by trees and an In-ground pool that is almost new.  It is loc...
05/21/2010
Some Pretty Stunning Facts.Here is great graph showing the great effect all the money that has been thrown at housing is having. If you missed the news yesterday delinquencies rose to 14.69%. Their highest level in the fist quarter of 2010. Which means foreclosures should also go to their highest...
05/21/2010
It is hard to say that there is a market trend other than locally.  In Rock County Wisconsin we can say that the Tax Buyer Credits certainly had an effect on the number of sales. Residential Sales from January 1, 2010 until today, May 21, 2010 have increased 28% over a year ago(573 versus 448).  ...
05/21/2010
Thanks to Brian Tutas for Showing how persistence pays off in Short Sales! Hi Folks. If you deal with Short Sales you know they can be very frustrating. And of course Bank of America has always been one of the worse to deal with. At least until Equator.com came along. Now, at least from my experi...
05/20/2010
Like Cape Cods?  This could be the Right Home for You!   This wonderful three Bedroom has been almost totally updated with new baths, kitchen remodel, new roof! Enjoy the Three Seasons porch, Hardwood Floors, Fenced yard, formal dining and open floor plan! It is located at 1029 Milton Avenue, Jan...
05/12/2010
The tax credit season is over!  Did it's increased activity create some confidence in the local market or will sales dry up! The next 60 days will still have a lot of closings created by the Buyer Tax Credits.  However, the next 60 days will tell the story by how many new offers get accepted afte...
05/06/2010
Where are we at in Rock County, Wisconsin! Has the market stabilized! Probably too soon to tell: New residential listings for March are up about 17% from last year. Sales for March are up about 33%.  However prices are down about 4.5%.  This is the third year in a row prices have receded.  Howeve...
04/21/2010
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