Monthly Archives: August 2011
Rochester Minnesota Housing Market Conditions – Monday Morning Market Update
There were 24% fewer active residential listings last week in Rochester, Minnesota compared to the same time period a year ago as seller activity remains lower. Homes that went under contract last week, as well as those that closed, had … Read more >
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 >
