I have been wanting to research this data for awhile as I knew that there was a substantial drop in sales volume. So as of this morning, I did research back to 2001. The results of that research are posted as follows: Our local MLS system has changed the way in which data is being ... [Continue Reading]
In 1788, France faced daunting fiscal deficits due to royal extravagance and military spending, which combined with ineffective taxation, rendered the government essentially bankrupt. Less than a year later, the chaos of the French Revolution began in earnest. In an attempt to prime the pump of the economy, the government issued government debt secured by ... [Continue Reading]
Published in the Echo Press last week was this story: The results of a community survey conducted in October indicate that overall, the community appears to be in support of the district’s long range plan, which includes building a new high school. The survey involved 400 telephone interviews with registered voters in the Alexandria, MN ... [Continue Reading]
Consumer Credit plunged $17.5 billion in November, another record drop and a much bigger decline than expected. The drop was largely driven by the revolving component, which dropped by a staggering $13.7 billion. The record drop in November marks the 10th consecutive month that outstanding consumer credit has declined. So far, outstanding consumer credit has ... [Continue Reading]
As I watch the market data, I really find that this market is not much different than any previous market. It is full of dangers, risks, anxiety and rewards. That’s what makes it so darn much fun. Short of being a Base Jumper, Mercenary, Auto Racer, Mountain Climber…you can enjoy the challenge of a market and ... [Continue Reading]
A rather poor showing for lake lot sales in the Alexandria, MN marketplace for 2009. The Alexandria, MN MLS shows 21 closed sales from 1.1.09 to 21.31.09 in Douglas County. Of the 21 sales, 14 of them were below $100,000. 18 of the 21 sales were at $150,000 or below. The 19th sale was for ... [Continue Reading]
The following is a story written in the Minnesota Association of Realtors trade magazine that had some statistics that will help to further see the Alexandria marketplace as well. “Although housing transaction numbers have improved steadily through 2009 (this is from a metro based publication), lower priced properties, especially short sales and foreclosure, have dominated ... [Continue Reading]
The following are stats taken from the local Alexandria, MN MLS website. They tell a story of the Alexandria, MN marketplace. Here they are: For 2009, in Douglas County, Residential and Residential with Acreage section there were 268 closed sales from 1.1.09 to 12.31.09. Comparatively, the year stacks up like this back to 1995. 2009 268 Closed ... [Continue Reading]
In reading my trade publication for the Minnesota Association of Realtors, I picked up this paragraph about the upcoming session: “Last years session was all about the state’s largest budget deficit problem and how to fix the gap between state revenues and expenditures. The 2010 session’s focus will be primarily on job creation and retention. ... [Continue Reading]
In talking with Sara at the Douglas County Sheriff’s Department this morning, they have a record of 135 foreclosed sales recorded for the County of Douglas in 2009. There were 278 notices served however, which will come home to roost in 2010. The federal government under the leadership of Obama, has this Home Retention Program, ... [Continue Reading]
