Just talked with Jason Murray at the Alexandria, MN Area Economic Development Commission today. Got a copy of the Total Deposits report that are held here in Alexandria by 10 banks. Total for 2008 was $578,144,000. Years past: 2007-$536,734,000, 2006-521,203,000, 2005-$490,665,000. Deposits have grown steadily here. Bremer Bank is the market leader, I think that…
In reading my report from Wachovia Economics Group today (for Feb.20, 2009), I quote the following: “Although there is not much good news at present, there are a number of forces that sooner or later will stabilize global economic activity and eventually lead to recovery. First, short-term interest rates in most countries have declined significantly. …
Drove by the Douglas County Hospital yesterday, it’s good to see the steel structure going up. Over $30,000,000 in improvements. Also, the Indigo building is looking good. I’ll snap some more photos later today and get those in. If you go back and look at the article from January, most of those projects are completed…
Just checked the U.S. Population clock, added 6,500 people to the national population overnight. U.S. population now stands at 305,849,952. That’s a net gain of 6,524 people since I checked it yesterday. We will need to create over 2,800 housing units (at 2.3 people/housing unit) today to keep up with the pace, of growth since…
We track the market here at Randy Fischer Real Estate daily. This statistic is rather interesting and is the one I watch the most. It kind of sums up where the market is at. In the Residential category of the MLS we had 482 listings at Peak Time, which was September 25, 2005. We had…
It’s a great day here in Alexandria! I’ve travelled extensively with my wife and the Marine Corps (I was on a C-130 flight crew in three different squadrons)…This IS a fantastic place to live. Low crime, superb schools, recreational opportunities out your doorstep, lots of retail, plenty of well-built housing stock, jobs…need I say more. …
Lots to report on: Foreclosures…Last year we had 134 in Douglas County. If you read back a little ways, we had 89 in 2007. In talking with Sara at the Douglas County Sherrif’s Department, she said that we could expect more foreclosures in 2009 than we had in 2008. Time will tell, but nonetheless, a…
