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 [...]
Many homeowners have been able to take advantage of the loan modifications that some of the lenders are doing on mortgages that either are in trouble or may soon be. We at Hometown Realty here in Hutchinson, MN have clients who have been able to work out modifications with their lenders to lower their monthly [...]
I just came from the Hutchinson Home Landscape and Garden show that is being held at the McLeod County Fairgrounds here in Hutchinson, MN. The show ends at 4:00 p.m. on Sunday, February 21, 2010. It was encouraging to visit with all the people who came to the show this year. Almost everyone that I [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
