Sorry this took so long, here’s what I got: Second quarter in the Greater Alexandria Area Multiple Listing Service MLS there were 96 sales. Of Those 96 sales, 91 of them were under $200,000. These are sales inside of Douglas County’s borders. My data reporting has been refined to this parameter throughout, so when you ... [Continue Reading]
Ground breaking ceremony on Thursday for the new first phase of Knute’s project. The equipment started to be moved in yesterday. Road closed on Monday for utility work. This is going to be life altering for some, and significant change for others. It ain’t everyday we put $25,000,000 into the ground here in Alexandria. At ... [Continue Reading]
Consumer Credit declined $9.1 billion in May as April’s initially reported gain was revised to a $14.9 billion loss. Consumer credit has declined in 18 of the last 20 months as consumers have paid down debt. Banks have also charged off some of the most hopeless loans on their books. Still, the drawdown in debt ... [Continue Reading]
I always liked that Robin Williams opening in Good Morning Vietnam. Just a couple of tidbits, the inventory is still climbing, as of this morning, we now have 674 listings in the residential section in the mls with 331 of those in Douglas County. Another new record. And in lakehomes we are at 434 listings ... [Continue Reading]
Okay, here we go…for the 2nd Quarter, 2010 in the Greater Alexandria Area Association of Realtors Multiple Listing Service we had 30 closed sales of lakehome/cabins in the Douglas County area. Of those 30 sales, seven sales were between $400,000 and $650,000. Eight sales were between $300,000 and $400,000. Fourteen sales were between $100-$300,000. And ... [Continue Reading]
Consumer Confidence plunged 9.8 points in June, as consumers lost faith in both the pace and sustainability of the recovery. Consumer confidence for June is at 52.9 points. One thing that I will say, it is still an improvement over last year. The reading in May was the highest it had been since September of ... [Continue Reading]
~ Nationally, new homes sales plummeted 32.7 percent in May likely reflecting the expiration of the homebuyers tax credit. April was significantly downwardly revised to 446,000 units. Giving back much of their recent gains, new home sales dropped 32.7 percent in May to a 300,000 unit pace from a downwardly revised rate of 446,000 in ... [Continue Reading]
