Jerry Morse, BBA,GRI's Blog

Ten Months and Counting!

Jerry Morse, BBA,GRI (The Morse Company) — Mon, 21 May 2012 14:09:19 -0700

With all off the unfortunate market conditions we have experienced, I guess we should be Thankful, that our local market has shown 10 months of increased activity over those same months last year. Locally our home sales are up 31% over the same 4 month period (January-April) and at least prices seem to be leveling off.

Maybe by the end of the year we will see some increase in prices. Markets are local and yours may be better or worse, but I think many real estate practitioners can see that we are working our way through the myriad of distressed properties.

Improved short sales rules and bank processing have made the impossible, possible. I am sure we will be working through that inventory for several years to come. But increased numbers of sales do add money to the community because many service providers get some new business. Appraisers, Attorneys, Home Inspectors, Title Companies, Lenders, Utility Companies, Insurance Agents, etc., etc. gain a little business for each home we sell.

WHILE WE HAVE NOT TURNED THE CORNER, I THINK WE ARE ON THE PATH!

JERRY MORSE

JANESVILLE, WIl

2011 Ends with a Little Spark!

Jerry Morse, BBA,GRI (The Morse Company) — Sat, 31 Dec 2011 20:25:44 -0800

Out with the Old and In with the New!

Our Market in Southern Wisconsin has shown some encouraging signs in the last half of 2011. Single Family Home Sales in our immediate local market of Rock County, Wisconsin Increased by 25% in the last six months of the year compared to the last six months of 2010. And that is without all of the numbers in yet! Those last 6 months of 2011 produced 738 sales as of this last day of the year, versus 590 for the same period 2010.

Finally, in addition to sustained growth in sales, average sales prices did not decline for the period over last year. As a matter of fact, they increased slightly.

Short Sales and REO's accounted for 24% of the number of sales in the last 6 months; identical to last year. However, This year short sales were about 16% of that total versus approximately 7% last year. It looks like the lenders have improved their processes for approving short sales. Plus, I think they have seen the value of a short sale over foreclosure. Our Short Sale prices are about 30% higher than those sold as REO (Bank Owned) properties.

If tighter lending requirements were loosened a little, and interest rates stay low, we could see a year of improvement for 2012.

Happy New year to All!

Jerry Morse, Broker

The Morse Company

Staticscal Source: RockGreen MLS

Terrific Short Sale Opportunity

Jerry Morse, BBA,GRI (The Morse Company) — Mon, 19 Dec 2011 17:30:36 -0800

Just Comfortably and Cozy

2009 S. Marion, Janeville, Wisconsn 5346

A Great Opportunity for a nice family home

This Three Bedroom Ranch has an eat in kitchen, two car garage with fenced yard for pets and little ones, and a finishd basement. You will enjoy the convenience of shopping, and busline nearby. Patio doors lead to a deck off the dining area. It is close to the University of Wisconsin Rock County Campus.

Priced at only $74,900

Contact Jerry Morse for Details or a Showing

608 754-5300

morserealestate@hotmail.com

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Investment Property That Can Make a Profit.

Jerry Morse, BBA,GRI (The Morse Company) — Wed, 14 Dec 2011 16:30:54 -0800

This Older 4 Unit Can be What you need!

$59,900

403 S. Jackson, Janesville, WI

It is Not a Palace, but is a Sturdy Rental.

It has 4 One Bedroom units with appliances and separate utilities. The rent for each unit is $400.00.

A Pretty Nice Cash Flow Could be yours.

Call for Details:

Jerry Morse, The Morse Company

jerrymorse@live.com

608 754-5300

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A Short Sale Opportunity!

Jerry Morse, BBA,GRI (The Morse Company) — Wed, 14 Dec 2011 14:38:04 -0800

Just a Nice Three Bedroom Ranch!

2236 Commons, Janesville, WI 53546

Priced at only $84,900

This is the home that probably would have sold for about $120,000 four years ago! Take advantage of the low interest rates and great price. This home has three bedrooms, finished basement, nice yard and deck and peaceful location.

Give Me a Call for a Private Showing:

Jerry Morse, Broker

The Morse Company

608 754-5300

jerrymorse@live.com

www.jerrymorse.com

Licensed in Wisconsin

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Rock County Wisconsin Real Estate Market Improves

Jerry Morse, BBA,GRI (The Morse Company) — Sat, 10 Dec 2011 22:11:39 -0800

Real Estate activity for Single Family Home sales in Rock County, Wisconsin have shown a 4 Month Improvement.

From August 1, 2011 to November 30, 2011:

The number of Single Family Home sales have increased 27% over the same period last year (2010). In 2010 there were approximately 406 Sales versus approximately 518 Sales in 2011.

The average sale prices also increased almost 4% over the same period last year. In the 4 month period last year (2010) the average sales price was approximately $105,257. For the last 4 months (August through November 2011) the average sales price was approximately $109,177.

After 4 years of declining prices and diminished activity, it is refreshing to see 4 months in a row of improving market conditions. Whether this indicates a long term trend remains to be seen. It might be a sign that prices have bottomed out! For a market place that had the highest unemployment in our state a year ago we needed a positive sign.

Good news for Now!

Jerry Morse, Real Estate Broker

Source of Information: SCWMLS

Privacy Plus!

Jerry Morse, BBA,GRI (The Morse Company) — Tue, 15 Nov 2011 09:09:35 -0800

Wonderful Country Property For Sale with River Access!

Great Home located Minutes from Janesville, WI

Deck and Yard Provide Access to Mother Nature!

This 3 Bedroom Home could be Expanded to 4 Bedrooms.

The Double Deck is for relaxing with Friends and Family after a river boating experience and docking your boat at your own pier. It has Vaulted ceilings, a master bath, a Hot Tub room and much more!

Priced at only $179,000.

Contact Jerry Morse

The Morse Company Real Estate

608 754-5300

jerrymorse@gmail.com

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Market Stability? Maybe?

Jerry Morse, BBA,GRI (The Morse Company) — Tue, 15 Nov 2011 09:08:45 -0800

Last Year was the year of the "Homebuyer's Tax Credit" In our market if forced a large number of sales into the First Half of the Year when it ended. This is the year of return to actual market conditions.

Our Rock County, Wisconsin single family homes sales in the First half of 2011 fell behind the First half of 2010 as expected. So what has been going on since July 1, 2011?

Home sales have surpassed the number of homes in 2010 for July, August, September and October by about 30%.

In fact, Single Family home sales for the last three months have increased from 314 to 407, a 30% increase!

Better yet, home prices have increased 4%, this year over last year! This is the 1st period where we have seen home prices rise in our Market Place since the recession began three years ago. Three months does not mean the market is well. But, it may be a sign that there is some stability and maybe even that prices have bottomed out.

It is a great time to buy with good prices and low interest rates hovering around 4%. There is nothing quite like owning your own home!

Good News for us!

Jerry Morse, Real Estate Broker

The Morse Company, 608 754-5300

jerrymorserealestate@yahoo.com

Source: Rock Green Realtors Association MLS

OPEN HOUSE, 94 S. HARMONY, JANESVILLE, WI

Jerry Morse, BBA,GRI (The Morse Company) — Fri, 26 Aug 2011 16:18:02 -0700

OPEN HOUSE

SUNDAY, AUGUST 28, 2011

94 S. HARMONY, JANESVILLE, WI 53545

Great living room with plenty of light and great hardwood floors!

And there is nothing like a real wood burning fireplace!

A kitchen for the Gourmet oook!

A Quick meal in the Dining Area!

Or a more Formal Meal with Friends!

Maybe a Little Reading Time in the Library!

Must be time for a little fresh Air!

Oh Well, I guess it is time to come back inside!

Come see all the wonderful features of this fine home!

Jerry Morse

The Morse Comany

1341 N. Wright Road

Janesville, WI 5346

jerrymorse@gmail.com

608 754-5300

EQUAL HOUSING OPPORTUNITY!

3733 Lucey St., Janesville, WI OPEN HOUSE!

Jerry Morse, BBA,GRI (The Morse Company) — Fri, 19 Aug 2011 09:02:58 -0700

OPEN HOUSE, AUGUST 21, 2011

12:00 TO 2:00 PM

3733 LUCEY STREET, JANESVILLE, WI

PRICED AT ONLY $157,400

COME TAKE A LOOK AT THIS THREE BEDROOM RANCH THAT PROVIDES OVER 2,500 SQUARE FEET OF FINISHED LIVING AREA!

FENCED YARD WITH DECK AND ARBOR FOR ENTERTAINING OR KIDS OR PETS. ENJOY THE OPEN FLOORPLAN WITH CATHEDRAL CEILINGS, FIRST FLOOR LAUNDRY. ALL NEW WINDOWS INSTALLED IN JUNE 2011 AND A BRAND NEW WATER HEATER!

PLAY POOL? THE POOL TABLE IS INCLUDED IN THE LOWER LEVEL REC ROOM WITH BAR AND FULL BATH!

OFFICE SPACE AND A HOBBY ROOM ARE ALSO LOCATED IN THE LOWER LEVEL.

COME TAKE A LOOK!

FOR DETAILS CALL JERRY MORSE

THE MORSE COMPANY

608 754-5300

www.jerrymorse@gmail.com

www.jerrymorse.com

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512 E. Beloit, Orfordville, WI Open House

Jerry Morse, BBA,GRI (The Morse Company) — Fri, 19 Aug 2011 08:49:36 -0700

OPEN SUNDAY, AUGUST 21, 2011

12:30 TO 2:00 PM

512 E. BELOIT, ORFORDVILLE, WI 53576

This is that cozy, comfortable, easy to Maintain 2 Bedroom Home you have always been looking for!

Owner has done many upgrades in the last eleven years to help make this home maintenance free.

Finished basement has a Great Rec Room with lots of storage and a full bath.

The pretty back yard has a storage shed and great garden space.

Located in Orfordville with easy commutes to Beloit, Janesville, Brodhead or Madison, WI

Priced at only $105,900

CALL JERRY MORSE FOR DETAILS

608 754-5300

jerrymorse@gmail.com

www.jerrymorse.com

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Open House! Janesville, Wisconsin

Jerry Morse, BBA,GRI (The Morse Company) — Thu, 04 Aug 2011 11:41:08 -0700

OPEN HOUSE, SUNDAY AUGUST 7, NOON TO 2 P.M.

3733 Lucey Street, Janesville, WI 53546

JUST REDUCED TO $159,400.00!

Enjoy a fenced yard with Deck and Arbor. Open Floor plan with first floor laundry and Master Suite. New efficient windows installed this June. Over 2500 Square Feet of finished living area! Finished lower level for what ever your Heart desires!

Pool Anyone? Table is included!

Come take a look this Sunday!

Jerry Morse

The Morse Company

608 436-4900

jerrymorse@gmail.com

www.jerrymorse.com

EQUAL HOUSING OPPORTUNITY

A Special Property in Janesville, WI! OFF THE MARKET FOR THE HOLIDAYS

Jerry Morse, BBA,GRI (The Morse Company) — Thu, 04 Aug 2011 11:20:18 -0700

Sometimes Ranches are just Ranches!

But this one is Special!

94 S. HARMONY, JANESVILLE, WI

This immaculate Three Bedroom Ranch has natural Hardwood floors, Great kitchen Dining Area, Formal Dining Room, Three Seasons Room, Remodeled Master Suite, 4 Baths, and a Great Fireplace.

Enjoy your morning cup of coffee on the Master Suite Deck!

Living Room Entertaining with a Fireplace.

It is Three Season Room time!

I have too many good pics for One Blog.

Call me for more information on this spacious ranch, priced at only $229,900.00

Jerry Morse

The Morse Company

608 436-4900

jerrymorse@gmail.com

www.jerrymorse.com

EQUAL HOUSING OPPORTUNITY

Janesville, WI Sunday Open House - 3733 Lucey

Jerry Morse, BBA,GRI (The Morse Company) — Wed, 20 Jul 2011 16:12:11 -0700

OPEN HOUSE

NOON TO 2 P.M.

SUNDAY, JULY 24, 2011

3733 LUCEY, JANESVILLE, WISCONSIN

$164,850

What is Not to Like About This Fine Home!

It has Three Bedrooms, 3 Full Baths, and 2548 Square Feet of finished living area. The Open Floor Plan gives you an instant feeling of spaciousness. Experience the convenience of a first floor laundry, and Master Suite. Play pool in the lower level, relax at the bar, or work from your own office, while the kids and pets play in the huge backyard.

For Directions and more information call:

Jerry Morse

The Morse Comany

608 754-5300

EQUAL HOUSING OPPORTUNITY

Welcome to My Janesville Open House!

Jerry Morse, BBA,GRI (The Morse Company) — Fri, 10 Jun 2011 15:05:52 -0700

OPEN HOUSE

Sunday June 12, 2011

Noon to 2 PM

935 N. Wright Road

JUST A COMFORTABLE HOME TO CALL YOUR OWN!

This 3 bedroom ranch has a Brand New Stove and Refrigerator for the cook in the family. You will enjoy the convenient location which has shopping, medical facilities, and schools nearby. It is easy access to the Interstate making your trip to Madison, WI, Rockford, IL, Milwaukee, WI and Chicago, IL a breeze.

Enjoy the covered patio, finished lower level bath and shrubbed back yard.

CALL for Details: 608 436-4900

Jerry Morse, Broker

The Morse Company

www.themorsecompany.com

Equal Housing Opportunity

Open House, Janesville, WI 53545

Jerry Morse, BBA,GRI (The Morse Company) — Thu, 19 May 2011 15:10:46 -0700

OPEN HOUSE, SUNDAY MAY 24, 2011

12 NOON TO 1 PM

Totally Charming Home!

Wonderful Price!

CUTE, COZY AND CHARMING TWO BEDROOM WITH FORMAL DINING, FIREPLACE FOR WARMTH, AND 2 FULL BATHS FOR CONVENIENCE. FINISHED BASEMENT WITH LOADS OF STORAGE SPACE, FENCED BACK YARD FOR PRIVACY. MANY UPDATES!

ONLY $95,000.00

CALL JERRY MORSE FOR DETAILS:

608 754-5300

JERRYMORSE@GMAIL.COM

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OPEN HOUSE AT 935 N. WRIGHT ROAD, JANESVILLE, WI

Jerry Morse, BBA,GRI (The Morse Company) — Wed, 18 May 2011 14:37:04 -0700

OPEN HOUSE

MAY 22, 2011

12:00 PM TO 1:30 PM

LOOK AT THIS FINE THREE BEDROOM RANCH!

PAYMENTS COULD BE CHEAPER THAN RENT!

STOP BUYING YOUR LANDLORDS PROPERTY.

Enjoy a nice backyard, close proximity to shopping, travel, medical facilities and schools. Brand new never used refrigerator and stove. The siding, roof and windows have been upgraded.

CONTACT: JERRY MORSE

THE MORSE COMPANY

608 754-5300

jerrymorse@gmail.com

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Janesville, Wisconsin Open House

Jerry Morse, BBA,GRI (The Morse Company) — Wed, 18 May 2011 14:26:34 -0700

Open House

Sunday, May 22, 2011

2:00 PM to 3:30 PM

3602 Sheffield, Janesville, WI

Open Floor Plan with Three bedrooms, Formal Dining Room, First Floor Laundry, and Two Full baths to meet all your family's needs. It has a cozy fireplace for those cool evenings and a large family room for those family get-togethers. Watch your favorite sports events, or movies in the Theater room!

Contact: Jerry Morse

The Morse Company

608 754-5300

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Affordable Home!

Jerry Morse, BBA,GRI (The Morse Company) — Sun, 10 Apr 2011 14:15:43 -0700

Cute and Cozy

JUST LISTED!

943 MATHESON, JANESVILLE, WI

New on the market one story home with attached garage, Fireplace,huge fenced Backyard and First Floor Laundry. Once spring blooms you will enjoy the big back yard, trees and nature from the backyard patio or enclosed Breeze way. Located on a quiet street, but close to shopping and schools, and transportation.

For More Details call:

Jerry Morse

The Morse Company

608 754-5300

www.jerrymorse.com

EQUAL HOUSING OPPORTUNITY

Rock County Real Estate 1st Quarter Stats

Jerry Morse, BBA,GRI (The Morse Company) — Sat, 09 Apr 2011 22:35:28 -0700

2011 has begun with a familiar trend that we have gotten far to used to seeing!

Sales prices of Single Family homes for the First Quarter of 2011 were at $96,260. That is down 9% from last years average of $105,747. It is also down 29% from 2007's average price of $133,976.

The number of Single Family Sales for the First Quarter this year is approximately260, which is down 14% from last years 301 sales. However, this years results are down 43% from the 453 sales in 2007.

In Summary, the number of sales and prices are down for 4 years in a row. The one positive number is that the Shadow inventory is currently under 10% and down from the 30% of last year. Whether that remains constant is something to watch.

DATA Source: Rock-Green Realtors MLS

Jerry Morse, Broker

The Morse Company

www.themorsecompany.com

Open House Sunday April 10

Jerry Morse, BBA,GRI (The Morse Company) — Wed, 06 Apr 2011 10:44:40 -0700

OPEN HOUSE

SUNDAY APRIL 10

12:30-2:00 PM

3602 SHEFFIELD, JANESVILLE, WISCONSIN

YOU WILL ENJOY THE OPEN FLOOR PLAN COMPLIMENTED BY THE CATHEDRAL CEILING IN THIS FINE THREE BEDROOM RANCH HOME. THE FORMAL DINING ROOM IS GREAT FOR FRIENDS WHEN THE OCCASION HAPPENS. A COZY FIREPACE FOR THOSE COOL EVENINGS AND A LARGE FAMILY ROOM IS JUST RIGHT FOR THOSE FAMILY GET-TOGETHERS.

FOR MORE INFORMATION CONTACT:

JERRY MORSE, THE MORSE COMPANY

608 754-5300

jerrymorserealestate@yahoo.com

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Open House on a Little Piece of History!

Jerry Morse, BBA,GRI (The Morse Company) — Wed, 30 Mar 2011 16:01:06 -0700

OPEN HOUSE!

SUNDAY, APRIL 3, 2011

12:30 P.M. TO 2:30 P.M.

$144,000

418 N. GARFIELD, JANESVILLE, WISCONSIN

THIS ALL AMERICAN COLONIAL HOME FEATURES THE ORIGINAL OPEN STAIRCASE, FRENCH AND WOODEN DOORS. UPDATES INCLUDE NEW WINDOWS, NEW ROOF, MECHANICALS, APPLIANCES AND MORE! ENJOY THE FUN OF A STATE OF THE ART TREE HOUSE IN THE BEAUTIFUL BACKYARD!

SPACIOUS THREE BEDROOMS AND 2 BATHS!

STOP BY ON SUNDAY!

SHOWN BY THE MORSE COMPANY

JERRY MORSE, BROKER

608 754-5300

MORSECO@YAHOO.COM

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What Have the Lenders Done to Us!

Jerry Morse, BBA,GRI (The Morse Company) — Fri, 25 Feb 2011 10:31:55 -0800

In our local market, Rock County, Wisconsin, Sales in January, 2011 were a handful more than last year.

But, with all the REO's, and Short Sales, are median sales price has dropped from $124,511 in January, 2007 to $65,000 this January. Long story short, our sales prices are about one-half of what they were four years ago!

The number of sales this past January are 56% of what they were four years ago.

Our market is probably one of the worst in the state, due to GM closing a plant, as well as some other loses of employment, but what has really hurt, is the fact that lenders are selling their foreclosed properties at any price just to clear the inventory. We have sold several properties recently for 25% of what the lender bid them back at in the foreclosure sale.

It has made it almost impossible for a "normal non-distressed seller" to compete. Hence, they have withdrawn from the market, leaving us with picked over REO's. Our inventory is actually down because of this.

It is unlikely this is going to change dramatically any time in the near future!

No Guts, No Glory in our Market!

Jerry Morse, Broker

Janesville, WI

Good Family Home!

Jerry Morse, BBA,GRI (The Morse Company) — Fri, 18 Feb 2011 17:12:41 -0800

OPEN SUNDAY FEB. 20, 11:30-1:00

935 N. Wright Road, Janesville, WI

Nice Three Bedroom Ranch

Close TO: Schools, Shopping, Medical, Transportation

It is not a Beat Up REO, Short Sale, or distressed property. Just a good family home!

Jerry Morse

The Morse Company

608 754-5300

jerrymorserealestate@yahoo.com

Equal Housing Opportunity

Have we reached bottom yet!

Jerry Morse, BBA,GRI (The Morse Company) — Mon, 31 Jan 2011 11:51:18 -0800

Our Rock County Wisconsin Real Estate market has declined for three years in a row. Not only in price, but number of sales as well.

The Recession-Depression has hit us extremely hard because of unemployment and a General Motors plant closing. If fact, one of the cities in our marketplace, Beloit, WI still has 13%+ unemployment rate.

Homes Sales: 2007 2,335

2008 1,685

2009 1,598

2010 1,580

Median Prices: 2007 $129,000

2008 $121,000

2009 $114,900

2010 $100,000

Source: Wisconsin Realtors Association

That reflects a 32% decline in the number of single family sales. It reflects also a 22% decline in sales prices. Total Dollar Volume is off 48%. We are operating in a market that reflects only about 1/2 of what it was just 3 years ago.

May 2011, Bless us with some recovery.

Jerry Morse, Broker

The Morse Company

jerrymorserealestate@yahoo.com