Author Archives: Admin
Looking for a Silver Lining – Mortgage Interest Rates Continue to Drop
Last week was a tough one in the financial markets following the debt rating downgrades. Nevertheless, the resulting decline in mortgage rates could mean significant savings for home buyers. The interest rate on a 30-year mortgage fell to 4.32% last … Read more >
Residential Real Estate Market Update for Rochester, Minnesota – August 2011
Compared to last year’s flurry of buyer activity and sharp drop-off following the end of the tax credit, Rochester, Minnesota home buyers have been more consistent with home sales achieving a more typical pattern. The number of Rochester, Minnesota homes … Read more >
Rochester, Minnesota Housing Market Conditions – Monday Morning Market Update
For a while now we’ve been seeing consistent buyer activity, with signed contracts continuing at a fairly steady level. There were 31 homes that went under contract in Rochester, Minnesotalast week (August 5 to 11, 2011). Average asking price for … Read more >
Rochester, Minnesota Residential Housing Market – Monday Morning Market Update
Signed contracts, new listings, and home closings were all up last week compared to the same time last year as the market continued along as it has for several weeks now. There were another 28 signed contracts on residential properties … Read more >
Rochester, Minnesota Real Estate Housing Market — Monday Morning Market Update
There were another 30 signed contracts on residential properties in Rochester, Minnesota last week, with the market continuing to plug along at a fairly consistent level for a while now. This represented a 36% jump over last year when home … Read more >
Real Estate Market Update for Rochester, Minnesota
With Independence Day behind us, Rochester, Minnesota area home sales and closings picked up again last week with 41% more homes going under contract than a year ago at this time and 22% more homes closing. New on the market … Read more >
Proposed Reforms of Concern to All Home Owners
At the National Association of REALTORS Mid-Year Conference in Washington, D.C. there was much discussion regarding several reforms proposed by regulators that would negatively impact homeowners and sellers.
The Mortgage Interest Deduction (MID) is of concern to all homeowners. This … Read more >
Rochester, Minnesota Housing Market — Monthly Update July, 2011
Through the first half of 2011, there were 934 signed contracts, up slightly from a year ago. There were 157 residential properties in Rochester, Minnesota that went under contract in June, 2011, a drop of nearly 18% from a … Read more >
Rochester, Minnesota Real Estate Housing Market — Monday Morning Market Update
The Rochester, Minnesota area real estate market kept moving right along through the holiday weekend with new listings and signed contracts in the first week of July down just over 10% compared to a year ago. There were 21 homes … Read more >
Rochester, Minnesota Residential Real Estate Market – Monday Morning Market Update
Signed contracts outpaced new listings last week (June 24-30, 2011) in the Rochester, Minnesota residential real estate market by nearly 25% and were up 8% over a year ago. These homes that went under contract had an average list price … Read more >
