The big problem I have is that people are spreading misinformation and not telling the whole story.  The bill hasn’t even been passed and from knowledge hasn’t even had a vote yet.  Somehow the social networks have spread the buzz all over the place.  Thankfully a well respected blogger that I read on a daily basis said it better than I can.  In closing I do believe that this tax credit will pass through and get extended but that’s no excuse for spreading inaccurate information.  We need to be extremely careful on the information that we do share with our clients and colleagues because it reflect extremely poorly when you rush to provide info that’s not accurate.

THE TAX CREDIT HAS NOT BEEN EXTENDED. Yet. So PLEASE stop saying it has been! — The Phoenix Real Estate Guy

Good grief.

I’m seeing all sorts of communication coming across Twitter, blogs, Facebook et al such as this:

Home Buyer Credit is Extended! Yeah!

The tax credit as been extended and includes repeat buyers.

I have confirmed the $8k tax credit with CPA as well as mortgage regional manager

Homebuyer tax credit deadline extended…a $6500 credit given to those primary home purchasers.

Extended!! First-time home buyer tax credit and NEW current homeowner tax credit!!!

And this goes on and on and on.

Here’s the deal folks, and pardon my shouting, BUT THE TAX CREDIT HAS NOT BEEN EXTENDED!

I’m not saying it won’t be. In fact, it is looking like it probably will be extended and maybe even expanded to include “move up” buyers as well as having the income limits raised.

BUT IT HASN’T EVEN BEEN FORMALIZED AS A BILL YET, and not one single Senator or Congressman has cast a vote for (or against) a tax credit extension.

Period.

This “reporting” by droves of people, the vast majority of which are real estate professionals, that the tax credit has been extended is completely and utterly incorrect.

And in my opinion, it’s incredibly unprofessional.

READ the mainstream articles your are linking to people. Statements like these should be your first clue:

Senate negotiators reached a tentative deal…

If the Senate actually passes the bill, the House, where over two dozen versions are floating around, may finally decide to act.

The White House doesn’t fully support the extension and expansion because it’s concerned about the cost and adding to the deficit.

Senate likely to extend homebuyers’ tax credit

When you see words such as “negotiators”, “tentative”, “if”, “may”, “likely”, etc. that is a pretty damn clear indication that nothing has been finalized.

The other huge clue that this extension / expansion isn’t final is in the Constitutional process that dictates how legislation is passed in this country.

Seen any press regarding the Republicans? How about the House of Representatives? Think it doesn’t matter that the White House “doesn’t fully support the extension and expansion”? Seen a Senate or House vote yet???

Don’t understand the legislative process? Crack open a government text book. Ask your kid. Watch this video:

For the love of humanity, please stop with patently false reporting that the tax credit extension is a done deal!

My friend Shane Hollenback, an outstanding Certified Mortgage Planner, summed up my thoughts on this ridiculous “reporting” in less than 140 characters:

shanes tweet on tax credit extension reporting

A-freaking-men.

Update: I originally posted this article under the title. “Sigh. THE TAX CREDIT HAS NOT BEEN EXTENDED. Yet.” I quickly realized the *sigh* could easily imply that I’m sad the credit hasn’t been extended. That’s not the case. Though I’ll likely be arrested by the Realtor Associations for Treason, I don’t think the credit should be extended (more on that later). The *sigh* was meant to signal a sigh of frustration for the lame ass “reporting” my fellow professionals are doing.

Schoolhouse Rock- How a Bill Becomes a Law

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Benefits of living in Howard Suamico WI

• Real estate in Howard Suamico WI offers all different types of waterfront property and also fully wooded areas.
• The Howard Suamico WI School District is award winning and has a very strong reputation in giving back to the local community.
• There are many corporations that call Howard Suamico, WI there home.
• If you enjoy spending time in the outdoors and taking your kids to spacious, beautiful, and well kept parks Howard Suamico WI is the place to call home.

Evaulating the Real Estate Market in Howard Suamico WI

For those of you who are unfamiliar with the term absorption report I’ll explain. It’s a term becoming much more widely used in the real estate world. An absorption report is the measurement of how long it will take to clear out the inventory of homes based on how fast they are selling. If you’ve been watching the national media you will hear the terms buyers’ market and sellers’ market over and over again. One way to establish what kind of a market your home falls into is by using absorption reports.

When I study absorption reports I look at the specific area. In this case I’m studying the Howard Suamico Green Bay Real Estate Market. The power of studying individual markets and not the whole Green Bay Real Estate market is that I can get a pulse on what’s happening in the specific Howard Suamico Green Bay area.

Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of market.

What determines a buyers market and or a sellers market in Green Bay Real Estate Market

Market Absorption Analysis:

• 6 Months Supply = Balanced Market
• Less than 6 Months Supply is Sellers Market

• More than 6 Months Supply is Buyers Market

The breakdown of the Howard Suamico WI Real Estate Market

• The Howard Suamico Green Bay Real Estate Market in the price range from $0-$150,000 currently has 27 properties listed with an average of 95 days on market.  There is an average of 5.92 homes per month selling which equates to a current monthly supply of 4.6.
• The Howard Suamico Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 18 properties listed with an average of 104 days on market.  There is an average of 4.17 per month selling which equates to a current monthly supply of 4.3.
• The Howard Suamico Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 35 properties listed with an average of 197 days on market.  There is an average of 3.00 per month selling which equates to a current monthly supply of 11.7.
• The Howard Suamico Green Bay Real Estate Market in the price range from $200,000-$250,000 currently has 42 properties listed with an average of 118 days on market.  There is an average of 2.67 per month selling which equates to a current monthly supply of 15.8.
• The Howard Suamico Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 66 properties listed with an average of 145 days on market.  There is an average of 2.25  per month selling which equates to a current monthly supply of 29.3.

The positive and negatives of the Howard Suamico WI Real Estate Market

In conclusion the data above show’s some huge positives for the Howard Suamico Real Estate Market:

• Homes below $175,000 have below 6 months of supply which indicates its a sellers market
• Inventories below $175,000  are constantly moving

The data above shows some struggles in the 175+ price ranges:

• Higher inventory numbers combined with lower sales per month
• We need inventory to clear out to see an impact in the higher price points.
• Hopefully the sales in the lower price points will bring buyers into the higher price points.

You can sell your home in the Howard Suamico WI area but it will take an agent who has a true understanding of the market conditions.  If the agent you’re interviewing isn’t sharing this extremely important market data with you and creating a customized game plan to sell your house you should book an appointment with me at 920-617-9144.  The Green Bay Real Estate Market is changing now is the time to align yourself with Greg Dallaire a true local Green Bay Real Estate Expert.

Greg Dallaire, also known as “Green Bay Greg” is the ‘premier’ Green Bay WI Real Estate expert.  Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay Homes for sale sold!  If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. Watch Green Bay Greg’s Video Testimonials

You can search the entire Green Bay Real Estate Market at your convenience anytime by clicking here.

Copyright © 2009 By Greg Dallaire, All Rights Reserved. *Howard Suamico Green Bay Real Estate Market Update Data from July 1, 2009*

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For those of you who are unfamiliar with the term absorption report I’ll explain. It’s a term becoming much more widely used in the real estate world. An absorption report is the measurement of how long it will take to clear out the inventory of homes based on how fast they are selling. If you’ve been watching the national media you will hear the terms buyers’ market and sellers’ market over and over again. One way to establish what kind of a market your home falls into is by using absorption reports.

When I study absorption reports I look at the specific area. In this case I’m studying the Northeast Green Bay Wisconsin Real Estate Market. The power of studying individual markets and not the whole Green Bay Real Estate market is that I can get a pulse on what’s happening in the specific Northeast Green Bay area.

Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of market.

Market Absorption Analysis:

• 6 Months Supply = Balanced Market
• Less than 6 Months Supply is Sellers Market
• More than 6 Months Supply is Buyers Market

The Northeast Green Bay Real Estate Market in the price range from $0-$150,000 currently has 99 properties listed with an average of 118 days on market.  There is an average of 8.83 homes per month selling which equates to a current monthly supply of 11.2.

The Northeast Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 6 properties listed with an average of 71 days on market.  There is an average of 1.00 per month selling which equates to a current monthly supply of 6.

The Northeast Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 6 properties listed with an average of 154 days on market.  There is an average of 1.00 per month selling which equates to a current monthly supply of 6.

The Northeast Green Bay Real Estate Market in the price range from $200,000-$250,000 currently has 13 properties listed with an average of 183 days on market.  There is an average of 1.17 per month selling which equates to a current monthly supply of 11.1

The Northeast Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 23 properties listed with an average of 199 days on market.  There is an average of .67  per month selling which equates to a current monthly supply of 6.

You can sell your home in the Northeast Green Bay area but it will take an agent who has a true understanding of the market conditions.  If the agent you’re interviewing isn’t sharing this extremely important market data with you and creating a customized game plan to sell your house you should book an appointment with me at 920-617-9144.  The Green Bay Real Estate Market is changing now is the time to align yourself with Greg Dallaire a true local Green Bay Real Estate Expert.

Greg Dallaire, also known as “Green Bay Greg” is the ‘premier’ Green Bay WI Real Estate expert.  Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay Homes for sale sold!  If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. View Green Bay Greg’s video testimonials to get the real story on how Greg handles his real estate business.

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Green Bay Real Estate Voice does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Green Bay Homes Blog represent the opinions and ideas of the author(s). Green Bay Real Estate Voice does not express the views of Micoley and Company, or those of the broker.

Copyright © 2009 By Greg Dallaire, All Rights Reserved. *Northeast Green Bay Real Estate Market Update June 1 2009*

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1. Southeast Green Bay Real Estate Market Update June 1 2009 The Southeast side of Green Bay offer’s many newer developments...
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When I study absorption reports I look at the specific area. In this case I’m studying the Northeast Green Bay Wisconsin Real Estate Market. The power of studying individual markets and not the whole Green Bay Real Estate market is that I can get a pulse on what’s happening in the specific Northeast Green Bay area.

Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of market.

Market Absorption Analysis:

• 6 Months Supply = Balanced Market
• Less than 6 Months Supply is Sellers Market
• More than 6 Months Supply is Buyers Market

The Southeast Green Bay Real Estate Market in the price range from $0-$150,000 currently has 167 homes listed with an average of 122 days on market.  There is an average of 12.75 homes per month selling which equates to a current monthly supply of 13.1.

The Southeast Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 26 homes listed with an average of 112 days on market.  There is an average of 2.83 homes per month selling which equates to a current monthly supply of  9.2.

The Southeast Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 15 homes listed with an average of 122 days on market.  There is an average of .92 per month selling which equates to a current monthly supply of 16.4.

The Southeast Green Bay Real Estate Market in the price range from $200,000-$250,000 currently has 25 homes listed with an average of 138 days on market.  There is an average of 1.08 per month selling which equates to a current monthly supply of 23.1

The Northeast Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 20 homes listed with an average of 184 days on market.  There is an average of .50  per month selling which equates to a current monthly supply of 40.

You can sell your home in the Northeast Green Bay area but it will take an agent who has a true understanding of the market conditions.  If the agent you’re interviewing isn’t sharing this extremely important market data with you and creating a customized game plan to sell your house you should book an appointment with me at 920-617-9144.  The Green Bay Real Estate Market is changing now is the time to align yourself with Greg Dallaire a true local Green Bay Real Estate Expert.

Greg Dallaire, also known as “Green Bay Greg” is the ‘premier’ Green Bay WI Real Estate expert.  Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay Home sold!  If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647.  View Green Bay Greg’s video testimonials

Disclaimer: Green Bay Real Estate Voice does not express the views of Micoley and Company.  Copyright © 2009 By Greg Dallaire, All Rights Reserved. *Southeast Green Bay Real Estate Market Update June 1 2009*

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1. Northeast Green Bay Real Estate Market Update June 1, 2009 The Northeast side of Green Bay offer’s many beautiful scenic...
2. Howard Suamico WI Green Bay Real Estate Market Update Data from July 1, 2009 Today i’m going to be evaulating the Howard Suamico WI...
3. Northeast Green Bay WI Real Estate Market Update Today I’m going to be evaluating the Northeast Green Bay...

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