Alexandria, MN: KSAX…Rock Star?

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Was on the TV station on Tuesday, they were looking for a report on the housing sales drop and I told them to spin the report to the positive…as the problem with TV is that they have the power (when it is edited and not live) to manipulate and my suggestion was to go easy on the negative and also to bring the camera back when the market was swinging up in the near future…just to be fair…and balanced.
Go to http://ksax.com/article/stories/S1711284.shtml?cat=10264 for the story.

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Alexandria, MN KXRA Open Line…

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KXRA Open Line Stream with Randy FischerThanks to KXRA for having me on the air yesterday. I enjoyed my time with them. If you would like to hear the stream, they have it on-line. It is the open line that aired on August 23, 2010.

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QUIT WATCHING THE NEWS!!!!!

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People assume that the housing market is bad, till they talk to me. I have a great market to work in, great town, great people. Sales are brisk, pricing ain’t what it used to be, but it will come back and go higher. Let’s talk about these interest rates? They are at an INCREDIBLE opportunity for people. Because the “market” went bad, it drove these rates down. I don’t care if your value ain’t what it once was, if the payment drops (because you refinanced) isn’t that like getting the same house for less money? Take advantage of this market now! Use it to your advantage and lock up this money for long term. Your home’s value will return and you will have the benefit of these low rates. I believe that your home’s value will return quicker than we may ever see these interest rates again.
And QUIT WATCHING THE NEWS! It is negative entertainment, designed to draw you in so that the news media can make a profit on your weakness to engage in negative programming. Us humans have a weakness that we are drawn to the dark side much easier than the side of good. The news media knows this and uses this to their advantage to make a profit on programming called “news”. Trust me, it ain’t news, it’s a joke.

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Minnesota Housing Data.August 2010

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Minnesota Association of REALTORS Housing Data.August2010From the Minnesota Association of Realtors, I have received this incredible data. Quite frankly, there are some really good things about this market. For instance, the inventory appears to be trending downward from the previous highs. Housing is more affordable now than it was in the past. Housing has less days on the market till sold than in the past. This is a healthier market than the one we had 5 years ago, in my opinion.
Source: Minnesota Association of Realtors

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Douglas County Agricultural Land Sales.2009

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Douglas County Ag Land Sales2005-2009As a continuing effort to be the best source for real estate information in the Alexandria and Douglas County area, I am providing you with the data that shows what agricultural land sales are going back to 2005. Overall, the average is around the $2,500/acre mark presently. See for yourself by downloading the data that I have provided here. Have a great weekend!

Source: Douglas County Assessor Records

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2012

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HousingDataWrapUp.August2010One of the reasons that I love this blog site, is that it becomes a clearinghouse for my brain. Any of the data, thoughts or ideas that come through my head, I can store that here. That way, in the future, I/we can go back and look at what has transpired. All of this helps one to see the future better or have a better vision. I like this quote from Helen Keller as she was once asked “If there was anything worse than losing one’s eyesight? She said, Oh yes, having eyesight and no vision is much worse.”

I get a kick out of the housing reports…they all have a gloom and doom tune to them, but when you read deep, they all say that by 2012 that new construction will be at 1.0 million units…that’s quite frankly a fairly normal market. I often wonder why folks aren’t dancing on their desks? Keep your eye on the pendulum.

Source: Wells Fargo Securities

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Current Inventory/Residential with Acreage.8.17.2010

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As of this morning, there were 188 listings in the mls system for Residential with Acreage listings. 85 of those are in Douglas County. This is the highest we have seen since tracking this statistic.
The inventory has shown very little let up. There were 680 Residential listings this morning, with the maximum number ever set on July 30, 2010 of 688.
Keep an eye on the pendulum.

Source: Greater Alexandria Area Association of Realtors Multiple Listing Service.

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Housing Starts.August 2010

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HousingStarts.8.13.10HousingStarts.8.17.10
Several articles that I thought may help get a picture of the housing market in the United States. We were building approximately 1 million housing units a year in this country since 1959. See the attached report from the US Census Bureau/Department of CommerceHousingStarts.Since1959
HOUSING STARTS: is the number of privately owned new houses (technically housing units) on which construction has been started in a given period. This data is divided into three types: single-family houses, townhouses or small condos, and apartment buildings with five or more units. Each apartment is considered a single start. The construction of a 30 unit apartment building is counted as 30 housing starts.

We haven’t seen the starts this low since 1959. Keep an eye on the pendulum.

Source: Bloomberg, US Census Bureau, Department of Commerce, Wells Fargo Securities

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The Only True Wealth

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At Randy Fischer Real Estate, we believe that the only true wealth is real estate. You can invest your money into Gold, Silver, Stocks, Bonds, Commodities…whatever. But the only true wealth, we believe, is real estate.
Think about that when you are considering investing your money into an asset.

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The Best House

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I have looked at a lot of homes in my career, but I can honestly say that the best home that I have ever seen is the home that was paid for. Bankers, Accountants, etc. will say that the mortgage interest deduction is great. But, if you have an opportunity to pay it off, do it. You can always move up in housing, but be cognizant of the debt. It’s amazing how life takes a better turn when your home is paid for. Then once it’s paid for, keep it that way. Do not spend the equity…ever! Just my opinion…anyone care to comment?

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