Real Estate Articles
Rochester, Minnesota area residential real estate activity continued to taper off slightly in December in the typical annual pattern expected around the holidays. On a positive note, although new listings (89) were down 14% from a year ago, signed contracts … Read more >
Here’s a great article from Serena Powers:
What is the Velocity of Money
and How Does it Impact Home Loan Rates?
By Serena Powers, Licensed Mortgage Loan Originator 47766
PHH Home Loans
If you’ve been watching the economic news, you’ve … Read more >
This is the first in a series of posts about handling the challenges of moving your family – from the initial decision to moving into your new home.
Even under the best of circumstances, moving can be very stressful. When … Read more >
There were 107 new listings in November in the Rochester area, down 17% from the previous month, but on par with last November (106). There were 92 residential properties with signed contracts last month, down slightly from October (98) and … Read more >
New listings rose 15%in October with 129 homes coming onto the Rochester area housing market after hitting a low of 112 new listings in September, the lowest volume since last December. The 98 signed contracts in October represented a 5.8% … Read more >
As we head through the holidays, home buyers, like everyone else, find themselves with less time and more obligations. The resulting slowdown in market activity means once again that the buyers have the upper hand. However, the time of year … Read more >
Interest rates continue to hit lows not seen in 40 years. With interest rates just above 4%, the savings over the course of a 30 year fixed mortgage are remarkable. Combined with high levels of housing inventory for sale and … Read more >
During the last several months we’ve seen record low interest rates. With interest rates remaining below 5%, the savings over the course of a 30 year fixed mortgage are remarkable. Combined with high levels of housing inventory for sale and … Read more >
Although historically low interest rates haven’t been able to counteract the effect of the contracted economy, the positive news in the real estate market is that it continues to plug along. There were 108 signed contracts on Rochester area residential … Read more >