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 [...]
According to the Minneapolis Association of Realtors, the local housing market continues to mimic spring growth, as Twin Citizens emerge from their wintry cocoons just in time for the final days of the home buyer tax credit. For the week ending March 20, there were 2,277 new listings, up 28.8 percent from a year ago [...]
Here are some interesting statistics recently published in "The Residential Specialist" magazine. (Their source for the information was Harris Interactive.) This magazine is available to all real estate agents who have earned their Certified Residential Specialist certification through the National Association of Realtors. Several of Hometown Realty agents in Hutchinson, MN have earned this CRS [...]
According to the National Association of Realtors "Profile of Home Buyers and Sellers 2009", 90 percent of buyers used the Internet as an information source in their home search, up 30 percentage points during the past six years. First-time buyers were even more likely to use the internet. Also reported was that 47% of recent [...]
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 [...]
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 [...]
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 [...]
