Minneapolis, Minnesota (October 12, 2009) – Buyer activity took another step up in September as the final days of the federal tax credit for first-time home buyers ticked toward a November 30 deadline, contrary to the typical September slowdown in the Twin Cities housing market. There were 4,986 signed purchase agreements during the month, [...]
We are so fortunate to have companies such as Hutchinson Manufacturing here in Hutchinson, MN. Yesterday they held a ground breaking ceremony for a new plant they are building here in partnership with Westinghouse! This new company will employ about 50 people! Thank you to Tom Daggett and his family for all that they have [...]
In Hutchinson, MN it seems in the last while that the process of short sales is getting shorter. Thank heavens. We have had buyers of homes for sale who have waited up to four months only to find out that the lender who holds the mortgage is not willing to accept the offer that they [...]
Now that fall has arrived, I guess its time for all of us to get our homes ready for the winter months that will be here before we know it. There are a number of very simple maintenance things that you can do to your home to make it more energy efficient and prevent future [...]
Last weekend I talked to a buyer at an open house who told me that she wanted to wait until spring to buy a home (she's currently in an apartment.) I asked her why and she responded "I just don't want to move in the fall or winter." I asked her if she was aware [...]
Currently there is a very nice stimulus package available to anyone who has not owned a home during the past 3 years. This is the $8,000 tax credit being offered by the government for buyers who close on their new home prior to November 30, 2009. Now we are hearing some chatter about the possibility [...]
Buyers do actually buy homes that they see at open houses here in Hutchinson, MN! We have had this happen a number of times, and just this week, once again, we had a home sell to someone who went through the open house. Open houses are a great way for buyers to see and compare [...]
Our Minneapolis Area Association of Realtors just announced the recent market activity numbers. There were 1,026 signed purchase agreements for the week ending August 15. That's the most since 2005. There were 25,765 active listings for sale, which was the lowest since 2005. There were the fewest number of new listings for that week since [...]
Yesterday I talked with some people who had purchased their home from Hometown Realty a number of years ago here in Hutchinson, MN. They have both retired and had received a call about refinancing their home and reducing the number of years left to pay on their mortgage to 15 years (currently they have 25 [...]
This past weekend, I went for my normal walk on Sunday afternoon here in Hutchinson, MN and noticed a large number of cars with "new car" stickers being driven down the road. My first thought was, "Good for all the car dealers and the buyers of those vehicles." I'm sure the onslaught of new vehicles [...]
