Seth Peterson's (sethpeterson) Blog

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Real Estate Agent - Cooper Spransy Realty
RECENT BLOG POSTS
The 3rd quarter of 2009 saw the first increase in Wisconsin home sales since the recession began in the 4th quarter of 2007.  Compared to the 3rd quarter of 2008, existing homes sales increased 5.8%.  This surge in sales is largely credited to low mortgage rates and the $8,000 first-time home buy...
11/17/2009
Obama signed an Unemployment Insurance bill today, which included provisions to extend the first-time homebuyer credit of $8,000 and create a new homebuyer credit of $6,500 for repeat buyers.  News article This will almost certainly give a boost to the real estate market, as now many current home...
11/06/2009
Here is a simple explanation of Mortgage Backed Securities, so you can understand the concept. Mortgage Backed Securities can certainly vary from and be more complex than this... 1) Someone buys a house, and to obtain the money to purchase the house, they get a mortgage loan from a bank.  So over...
11/05/2009
The current homebuyer tax credit is $8,000 for first-time home buyers who close by November 30th, 2009.  Last week the Senate agreed to extend this $8,000 tax credit for first-time homebuyers PLUS offer a $6,500 tax credit to repeat buyers who have owned their current home for at least five years...
11/02/2009
From 1980 - 2000, home values appreciated at a rate of 26.5% every 5 years. Each 5 year increment was close to that number, ranging only from 25-29%. Then something strange happened after 2000 - home values appreciated 89% in the following 6 year period! This 89% increase in home values was simpl...
10/30/2009
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I finally read some REALTOR magazines from this past year, and there were some good articles in the April issue.  One was about staging a house on a small budget.  Here's a quick summary: EXPAND THE CLOSET - Remove the clothes you rarely wear.  Try to create some space so the closet doesn't look ...
10/24/2009
  I want to quickly tell you about the advantages of Buyer Agency in the State of Wisconsin. The first thing to point out, is about 90% of sellers sign a listing contract with a Realtor. So nearly all Sellers have their own Realtor (the Listing Agent) that is working for them and looking out for...
10/23/2009
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