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Nobody knows Hutchinson, MN real estate better than the professional realtors at Hometown Realty. Their years of experience in the real estate industry and past successes make them the "go-to" realty company for people who are looking to buy or sell property in the Hutchinson, MN and McLeod county area. Whether it is residential, commercial, agricultural or lake property, Hometown Realty in Hutchinson, MN delivers results.
The recent ups and downs in today's economy have left a lot of questions when it comes to real estate. The Hometown Realty real estate blog will try to answer some of those questions and keep you informed on the latest trends in the industry and news regarding the Hutchinson, MN (and surrounding community) real estate market.
Find out for yourself why Hometown Realty is the realtor of choice in Hutchinson, Minnesota. Feel free to give us a call, send us an email or stop in to see us. Our friendly realtors can assist you with more information about Hutchinson, MN property listings, McLeod County homes for sale, and Hutchinson, Minnesota real estate.
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Sales Activity Continues
Posted on May 5th, 2010 No commentsNo 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 very well be coming out of its slump here in Hutchinson, MN.
The interest rates continue to be favorable for buyers. That fact coupled with favorable prices on homes, makes this a great time for buyers to buy homes and sellers to sell their homes.
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Weekly Market Activity Report
Posted on January 20th, 2010 No commentsThe 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 January 9, down 1.7 percent from the same week in 2009. That’s the seventh week of the last nine to see slightly fewer sales than the prior year, a time period that coincides closely with the initial expiration date of the first-time home buyer tax credit. However, we’re still 21.2 percent higher than the pace in 2008 for that period.
As you likely know, the credit’s been expanded to include a $6,500 incentive for buyers who have owned a home for five years of the last eight. Since we can safely assume that many of these buyers will need to sell their home first before buying a new one and receiving the credit, new listings numbers might shed light on how much effect the new credit is having. So far, it doesn’t appear to be much.
Over the last three months, the number of new listings has been 11.7 percent behind the same period one year prior. With many looking for continued “seedlings” of hope in the local housing market, this isn’t welcome news. As always, we’ll be keeping a close eye on the evolving market and reporting back what we see.