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- Saturday as of Feb. 3 5:41 PM CSTSaturday - Mostly cloudy in the morning then becoming partly cloudy. Areas of fog in the morning. Highs around 40. North winds 5 to 10 mph. […]
A Glut of Rentals?
Published June 29, 2009 | 
All you have to do is drive around Hutchinson, MN to see that there are many rental units available right now. The last time I remember this many vacant units was back in 1999 when Hutchinson Technology had a significant layoff of employees. I suspect that is the same reason we are now seeing so many for rent signs and incentives being offered by landlords. The good news is that the tenants will be the ones who enjoy the benefits of this glut of rental units. As you drive around you will also notice many SOLD signs up on homes that have been for sale. The real estate market continues to be healthy here in Hutchinson, MN. This is good for both buyers and sellers who are taking advantage of very low interest rates and a good inventory to chose from.
Patience is the Name of This Game
Published June 6, 2009 | Now that sellers are having wonderful success with selling their homes here in Hutchinson, MN., everyone is learning the meaning of patience. It seems that all the mortgage companies and lenders have down sized their staffs to the point that now they cannot process the files in a timely manner. Many of the closings are being delayed by a week or two or more. Unfortunatley there is nothing that anyone is able to do to speed up the process. So, we all need to take a deep breath and wait! (The good news is that the closings are actually happening, just maybe not when we had hoped.)
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