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Rochester MN Residential Real Estate Conditions (March 24-30, 2008)

There were 1231 homes for sale last week in Rochester Minnesota, with an average list price of $231,205 and an average of 157 days on the market.  This includes 85 new listings (average list price of $198,308) and 17 listings … Read more >

Mortgage Rates Higher

After two weeks of nice declines, mortgage rates rose during the week, back to the levels seen at the end of February. March was an extremely volatile month, with large daily swings a common occurrence. Investors bought mortgage backed securities Read more >

Rochester MN Residential Real Estate Conditions (March 10-16, 2008)

The Rochester, Minnesota area housing market had 87 new residential listings last week (March 10 to 16, 2008) with an average list price of $202,287.  Eleven residential properties came back onto the market with an average list price of $235,590 … Read more >

Fed Plan Lifts Mortgage Markets

Tuesday, the Fed’s surprise announcement of a new $200 billion lending facility led to a 400 plus point rally in the Dow, the biggest one day percentage gain since March 2003. The effect on mortgage rates was also favorable. The … Read more >

Real Estate Market Conditions for Rochester, MN (March 3-9, 2008)

There are currently 1,115 active listings for sale in the Rochester, Minnesota residential real estate with an average list price of $236,404 and an average of 168 days on the market.

Last week (March 3 through 9, 2008) there were … Read more >

Paul and Heather Briggs

Selling a house can be tough. It is especially difficult in a market like the one we are facing now. My husband, Paul and I set out to sell our house last summer and move into our dream home. Unfortunately, … Read more >

Mortgage Rate Volatility Continues

In a week packed with major economic news, the biggest story for mortgage markets was the widening spread between mortgage backed securities and Treasury bonds. Issued by the US government, Treasury bonds are generally considered to be the benchmark for … Read more >

FHA mortgage limits increased in Olmsted County!

Effective today the new maximum FHA loan limit for Olmsted county has increased to $271,050.  FHA allows a little more flexibility for borrowers with less then perfect credit or down-payment money that is being gifted to them. This is also  … Read more >

Shawn Buryska has been awarded the ABR designation!

Chicago, IL – We are happy to announce that Shawn Buryska has successfully completed the course requirements and has earned the designation ABR on March 4th 2008. The Accredited Buyer Representative (ABR®) designation is the benchmark of excellence in buyer Read more >

Rochester, MN Real Estate Conditions (Feb 25 – March 2, 2008)

There are currently 1068 active listings for sale in the Rochester, Minnesota residential real estate with an average list price of $235,391 and an average of 179 days on the market. 

Last week there were 85 new listings with an … Read more >