The first full week of reporting for the 2010 Twin Cities housing market is in and while there are a few "green shoots," it's becoming apparent so far that the market won't see the same spectacular growth in sales it saw at the beginning of 2009. There were 520 pending sales for the week ending [...]
Recently one of our clients in Hutchinson, MN had an experience with one of the "big" mortgage companies that I want to share with you. They decided to sell the home they currently live in and buy a larger home. They went to the mortgage company and made loan application based on them selling their [...]
As we anticipated, the Spring Real Estate market seems to have arrived early this year here in Hutchinson, MN. Despite the extra cold weather, buyers and sellers are anxious to get moving. We expected this based on the fact that both the First-Time Homebuyers' Tax Credit and the other Homebuyers' Tax Credit require that buyers [...]
In the past I have been a bit of a cheerleader for living in Hutchinson and the wonderful community that it is. Today I want to share some personal reasons why I feel that way. My husband passed away on Christmas Day peacefully at our home after a 20 month battle with cancer. During the [...]
Judging from the number of cars in all the parking lots and along Main Street in downtown Hutchinson, MN it appears that the economy here is perking up. Since Black Friday, I have observed that the stores have many shoppers in them no matter what time of day it is. And, if you haven't been [...]
Homebuyer’s tax credit extended, expanded By Terry Davis Created 11/25/2009 - 3:05am Congressional action earlier this month extended the popular homebuyers’ tax credit to April 30, 2010. The program was expanded to include move-up or repeat homebuyers, a move that should help loosen the real estate market for larger and more expensive homes. “We are [...]
Late last week we got a call from one of our sellers who said they needed to cancel their listing. Now, we are usually concerned when sellers want to cancel, but this time we were all celebrating! Why? The reason they wanted to cancel their listing for their home here in Hutchinson, MN was that [...]
--------------------------------- Heavy buyer activity continues in October Minneapolis, Minnesota (November 11, 2009) – Low mortgage rates, affordable supply and the home buyer tax credit kept home sales moving in October. There were 4,676 signed purchase agreements during the month, up 34.4 percent from a year ago—the 16th consecutive month of [...]
By now most of you have heard that the first time buyer tax credit has been extended to April 30, 2010. In addition, there is now a tax credit for current homeowners who have used their home as a principal residence consecutively for 5 of the previous 8 years. This credit also runs to April [...]
This morning I got a frantic call from a new home buyer ( we closed yesterday.) They said that the plumbing wasn't working right in the house they had just bought. I asked what they meant by not working right, and they explained the problems they were having. The home that they purchased in Hutchinson, [...]
