I knew it had been a while since I had last wrote here, but I didn’t realize it had been August! Well, I know where much of the time was spent.
We saw a significant increase in housing activity at Hometown Realty during the months of August, September, and October. People seemed to gain some confidence in their jobs and the general economy here in the Hutchinson, MN area. A number of people who sold and purchased homes in the last few months have jobs at 3M, Hutchinson Technology, Hutchinson Community Hospital, etc.
One of the primary buying reasons that I heard was the fact that the interest rates were so low, that they knew if they were going to make a move it was definitely time to do so. They understood that they may not have a more advantageous time to be purchasing a home than right now.
As we move into the fall and winter I hope that people will continue to realize that housing prices are very good (for buyers) and coupled with the low interest rates, it makes their dreams of home ownership so reachable.