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Fox Cities Resists Housing Slump
With all of the negative hype in the news day after day about a nation wide housing slump, the conditions here in Appleton and the Fox Cities have actually been fairly resistant to it. There certainly has been a slow down in our area but our figures do not directly reflect the National Association of Realtors (NAR) national statistics of the existing-home sales drop of 12.8%.
According to the Realtors Association of Northeast Wisconsin Outagamie County; where my office is located, only saw a change of -1.3% last year. 2007 home sales were 1,898 while 2006 sales were 1,923. Now... I should expand on this by saying that Outagamie County is the exception to the Fox Cities market. We have three more counties in the Fox Valley who's numbers aren't quite as strong and again these statistics are from the Realtors Association of Northeast Wisconsin  ; Calumet County showed a change of -9.2% (2007 sales 415, 2006 sales 457), Waupaca County with a change of -11.8% (2007 sales 491, 2006 sales 557) and Winnebago County at -11.5% (2007 sales 1,753, 2006 sales1,981). Averaged out we saw a change of -7.3% in the Fox Cities area.
Why are we so resistant to the national slow down? I don't have a quick ... more

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