Thursday, December 1, 2022 / by Julie Winter-Paez
Hey, it's me, Julie Winter Paez, the team leader of the JWP Group over at RE/MAX and I'm just reaching out today. I've been doing a little research on building wealth and how to grow your lifestyle so that you can eventually slow down from your workload at some point in your life. And I realized that I didn't know this before, but single family rentals were not considered an asset class until right around 2013 to 2015, the post the Great Recession. So when the housing market crashed the last time and a lot of people were losing their house and properties were going into foreclosure, that's when we saw a lot of the big companies coming in and buying houses and turning them into single family rentals. Prior to that, they were very small, small mom and pops owning a lot of the homes that people rent around the country.
So if you're interested in building wealth or inbuilding your real estate portfolio so that someday you can have residual income on things like single family ren ...
Tuesday, November 29, 2022 / by Julie Winter-Paez
If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it's not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains:
“. . . while prospective home sellers may lament that they missed their prime window, in reality, this is still a terrific time to sell. In fact, according to a recent Realtor.com® home seller survey, 95% of sellers who sold their home in the past year got more than they paid for it.
Nonetheless, some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.”
The key to success today is being realistic and working with a trusted real estate advisor who can help you set your expectations based on where the market is now, not where it was over the p ...
Monday, November 21, 2022 / by Julie Winter-Paez
Are you thinking about moving to Boulder Junction Wisconsin? Let’s explore Boulder Junction Wisconsin today!
Boulder Junction Wisconsin is a charming small town located in the heart of Wisconsin's Northwoods. This quaint town is known for its outstanding natural beauty, its friendly people, and its wide variety of outdoor recreational activities. Boulder Junction Wisconsin is the perfect place to enjoy a relaxing vacation in the great outdoors!
There are plenty of things to do in Boulder Junction Wisconsin, no matter what your interests are. For those who love to fish, the Boulder Junction Wisconsin area is renowned for its excellent fishing lakes and streams. There are also many great hiking and biking trails in the area, perfect for exploring the stunning natural scenery. And in the winter, Boulder Junction Wisconsin is a popular destination for snowmobiling and cross-country skiing.
No matter what time of year you visit Boulder Junction Wisconsin, you're sure to find ...
Friday, November 18, 2022 / by Julie Winter-Paez
This GORGEOUS property boasts a year-round home AND a seasonal cabin, sits on 3.5 acres of wooded PRIVACY, has 200' of sandy shores with a level approach on Catfish Lake & wonderful southern exposure! The 3BR/2BA home is currently a VERY successful rental; the main floor has been updated w/large living/kitchen/dining areas. Price includes finishing the walkout lower-level, adding a primary suite & a second BR & BA, increasing the rental potential! The 1BR/1BA seasonal cabin on the shore is filled with Northwoods charm! The views are spectacular & the wood burning fireplace will keep you warm on chilly evenings. Rent just one, rent out both or keep the whole thing to yourself! Catfish is the largest lake on the Eagle River chain; boat, ski, & fish all summer & in winter, pick up the snowmobile trail right off the shoreline. Close to town, shopping of all kinds, schools, restaurants & ice cream are just minutes away! Private retreat, successful rental or b ...
Thursday, November 17, 2022 / by Julie Winter-Paez
It's November and we know what the beginning of every month means. That means that I get to study the market from the month prior. Well, this month I decided to look specifically at inventory because we can feel the market shifting around us. But despite what's happening with interest rates, despite what you're hearing on the national news media, our inventory in Northern Wisconsin is still down.
For example, I took new listings October over October and were down 12% and year over year, we're still down about 10%. I also looked at total new listings, and in 2022, we have had 4,547 listings so far this year but if I go back just two years, we are down about 20% from 2022. And then I also looked at monthly inventory, and there were 3,610 units in inventory in October 2020, 2,448 in 2021, and 1,500 in 2022. So October over October, we are still down 38.24% but if we go back just two years, we're down well over 50% in average monthly inventory, which is staggering.
So aga ...