December 09, 2008

Lake Geneva Real Estate Update

Posted to Bob Webster, Geneva Lake Area

Snow, snow and more snow! It’s turning out to be a very white December. It’s a pretty time of the year, but the question will be how, or if it will have any effect on activity, showings and our market in general. As a matter of fact, weekend traffic in downtown Lake Geneva can be almost as busy in December, January and February with a decent amount of snow on the ground and moderate temperatures, as it is in the summer time. So far, although we have seen what is typically a normal post Thanksgiving slow down in showings and activity, I’m experiencing enough calls and Emails to convince me that many potential Buyers are still in the market and looking for good values. In fact, I had several showings last week and have some for this coming week as well, which is definitely a good thing. So it’s not as bleak as some would lead you to believe, in spite of the typical doom and gloom messages that we all hear and read about. I continue to be encouraged that we will be able to do some business in spite of these slower times and will hopefully see a quicker pickup of activity after the beginning of the year, quicker than what many other others markets around the country will probably see.

There was an announcement recently about the Fed committing to $600 billion dollars to support the home mortgage industry and there have been additional, unconfirmed as of yet, rumors of another Government plan to offer subsidized mortgage loans at an interest rate of 4.5%. These would apply to new loans and purchases and not refinances, which could be very good news for our business.

For more information on Lake Geneva real estate, including information on all the lakefront homes, contact Lake Geneva Realtor Bob Webster via email. Visit www.LakeGenevaProperty.com for all your real estate needs in the Geneva Lakes Area including Lake Geneva, Delavan Lake, Whitewater Lake, Lake Beulah, Lauderdale Lakes, Powers Lake and Twin Lakes.

Posted By: Bob Webster

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