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Fed Cuts Interest Rates

The Federal Reserve has cut interest rates by one-quarter of a percentage point yesterday, in what many economists are predicting might be the last such cut by the Federal Reserve for a while. It is the seventh cut since late Read more >

Rochester MN Real Estate Market (April 21 to 27, 2008)

There are currently 1205 homes for sale in Rochester, Minnesota, with an average list price of $236,663 and an average of 158 days on the market.

Last week (April 21 to April 27, 2008) 53 homes went under contract.  Average … Read more >

Tom and Nancy Wengenack

“Your team was great. Deb Elias was awesome.  Abbe in closing was very helpful. Marketing was as promised.  We took a bit of a beating on the sale price of the house but that was largely due to current market … Read more >

Rochester MN Real Estate Market Is In Full Swing

The Rochester Minnesota Real Estate market seems to have built a full head of steam going to April.  Sales are robust and there have even been several reports of multiple offers on some well price properties.  The Mayo Clinic match … Read more >

Rates Down Slightly For the Week

We didn’t see the broad swings in interest rates this week as were experience in weeks past.  With little new economic news for the week rates settled in for a slightly lower average then last week.

Ecnomic news was mixed Read more >

Residential Real Estate Market Conditions in Rochester MN (March 31 to April 6, 2008)

There are currently 1232 homes for sale in Rochester, Minnesota, with an average list price of $235,552 and an average of 155 days on the market.

Last week (March 31 to April 6, 2008) 46 homes went under contract.  Average … Read more >

Mortgage Meltdown Maps

WASHINGTON, D.C.

• Federal Reserve maps show key areas of concern

• What color is your state?

• Scroll down to the bottom for the website link

The Federal Reserve System now has a set of dynamic maps and data Read more >

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 >