Minneapolis, Minnesota (August 11, 2010) – The Twin Cities housing market has found itself in a bit of a holding pattern in recent months, and July is no exception. The $175,000 median sales price was a 2.3 percent increase over July 2009. Pending sales in July were down 37.6 percent compared to last year, [...]
I rarely watch the news, but earlier this week, I turned it on. Much to my dismay, I sat there listening to one of the news anchors talking about how bad the real estate market is and how much worse it will get when the tax credit stimulus is over at the end of next [...]
Many investors today are searching out property that has been foreclosed on in the Hutchinson, MN area. They are finding some really good values on properties, that with a little work can be turned around and sold for a profit. There is one warning that buyers of foreclosed properties should be aware of. In the [...]
Now that the school year has ended here in Hutchinson, MN, there are so many things for you and your family to enjoy. Music in the Park begins next week and features different performers each week. Bring your blanket and lawn chairs to library square each Monday night to take it all in. The walking [...]
According to the Minneapolis Area Association of Realtors, home sales in the Twin Cities housing market took another dip as the hangover from the tax credit expiration continued. For the week ending May 22, there were 624 pending sales—a precipitous drop of 42.5 percent from a year ago. The biggest drops in sales since the [...]
Recently we unveiled our new for sale signs in the Hutchinson, MN area. You'll see them on the homes we have for sale as well as homes that have recently sold. After 25 years of using the other signs, we decided it was time for a new look. The new signs are in the shape [...]
The expiration of the tax credit clearly motivated buyers to take action by April 30. Last week, there was a significant 31.2 percent jump in Pending Sales versus last year, bringing the total number of contracts written to 1,469. But for the first time this year the number of New Listings was down. A total [...]
No one was really sure what was going to happen once the stimulus money expired on April 30, 2010. We have been pleasantly surprised to see that many calls are continuing to come in and people still want to buy and sell their homes! This activity is certainly a good indication that the housing market may [...]
Yesterday, I had the opportunity to serve on an Ethics Panel for the Hutchinson Leadership Institute. This is an excellent leadership program offered through the Hutchinson Area Chamber of Commerce. I was quite impressed with the group who were attending this leadership program. The questions they had were inciteful and the discussions were very good. [...]
For the third consecutive month, home prices in the Twin Cities 13-county metropolitan area showed a year-over-year increase. We haven’t seen three consecutive months of progressively increasing year-over-year growth since June 2004. The March median sales price of $165,000 was a healthy 7.1 percent increase from $154,125 last March. That’s the strongest year-over-year increase since [...]
